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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TL;DR
A whale holds the largest UNI long position on Hyperliquid, worth $18.33M, with a floating loss of 580% after buying on the day of a UNI burn proposal. The price spiked to over $10 but has since dropped to around $5.38.
Tags
UniswapGovernanceDecentralized Exchange (DEX) TokenAMMwhaleUNIHyperliquidfloating lossburn proposal
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.