Whale don buy 115K UNI, total position $6.26M for cost $11.82
Uniswap token UNI see one big whale wallet dey increase how e hold after market waka back small. For August 13, address 0x4B5...90AFA swap 1,090 ETH for 415,005 UNI during one Ethereum uptrend. When price sharply fall, the same wallet buy extra 115,005 UNI about 10 hours ago to reduce e average cost to $11.82 per token. The whale now get like $6.26 million UNI and e dey face floating loss of $535,000 at di current price. Traders wey dey watch whale movement fit see this accumulation as short-term support around $11.80. But if no bigger market catalyst show, e fit make small impact for UNI price. On-chain data and whale movement go be key signs for how price fit move.
Neutral
Though big UNI buys by one whale address fit signal confidence and create support around $11.80 level, the current floating loss of $535,000 shows ongoing wahala. Whale average-down tactics fit stead short-term dips but no guarantee say sustained rallies go happen. For past tins dem, similar whale accumulation for UNI and other tokens create temporary price floor but dem no fit trigger strong bullish momentum without wider market catalyst. So, even though dis kin shore up support, e likely go get neutral impact for UNI price unless e join plus with positive market trends or on-chain developments.