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100 million UNI burned to break $6, on-chain whales profit $23.41 million in five months—this move has a 100% success rate
【Chain News】On-chain data just showed that 100 million UNI tokens have been burned, and the price has subsequently broken through the $6 mark. Even more interesting is that a seasoned whale trader’s transaction record has been exposed—
Five months ago, this mega whale sold 662,605 UNI tokens, with a cost basis of only $5.99, and quickly flipped them at a price of $8.82, earning a single trade profit of $1.875 million. Although it didn’t hit the peak near $12, the profit margin of this trade is still astonishing.
What’s even more impressive is that this guy has been performing three wave trades of UNI since September 2020, with a total profit of $23.415 million—crucially, all three trades hit the mark, with a 100% win rate. Behind this success is a deep understanding of market cycles and the importance of on-chain data monitoring. From the burn mechanism to whale movements, every detail tells a story about the market.