According to Mars Finance, on December 15th, HyperInsight monitoring revealed that a whale is currently the largest long position in UNI on Hyperliquid. Furthermore, this address currently holds a total position of approximately $18.33 million, including a long position in MON worth approximately $445,000, with a floating loss of $220,000 (-253%). On November 11th, Uniswap Labs and the Uniswap Foundation jointly launched a governance proposal aimed at enabling protocol fee switching, allowing protocol usage to drive UNI burning. On that day, the price of UNI continued to rise, breaking through $10 at its peak, and is currently priced at approximately $5.38.
A whale) went long on the day of the UNI burn proposal and is currently experiencing a floating loss of approximately 580%.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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