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The loss of one crypto exchange is the profit of another crypto exchange. This applies to cryptocurrency exchange uniswap after it had taken a weekly loss of more than 20%, brought by a large investor who discharges a huge number of tokens.
The loss of Uniswap was the profit of Kraken after the aforementioned whale had transferred 2.25 million UNI Tokens to the cryptocurrency exchange platform in what analysts believed it was an attempt to reduce losses.
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Uniswap down down
Analysts said that Uni, the native token of Uniswap, placed a weekly loss of 20% after the coin had fallen by 2.80% in the last 24 hours. The enormous loss brought the price of Uni to decrease at $ 5.80 on Wednesday.
According to a crypto analyst, the drop, which came in the midst of the increased sales pressure, can be attributed to a large investor who has discharged a large part of his uni -tokens and has transferred to another crypto exchange platform.
“A whale has all 2.25 m $ uni ($ 13.71 million) deposited on #Kraken 2 hours ago,” said lookonchain.
A whale all fell 2.25 m $ Uni($ 13.71 million) #Draken 2 hours ago, probably loss.
The whale collected 2.25 m $ Uni($ 15.57 million) for an average price of $ 6.92 between 7 September 2023 and 18 November 2024.
At its peak, the whale had a non -realized profit of $ 26.5 million but is now down … pic.twitter.com/7pa0glrt4m
– Lookonchain (@lookonchain) March 12, 2025
‘Cut losing’
In a post, Lookonchain believed that whale could dump an attempt to “reduce losses” after a considerably non -realized profit from the Uni -Toking had disappeared.
“The whale collected 2.25 m $ uni ($ 15.57 million) for an average price of $ 6.92 between 7 September 2023 and 18 November 2024,” Lookonchain shared.
At its peak, the Market Observer said that the big investor registered a non -realized win of $ 26.5 million. Recent market conditions, however, have brought the non -realized income from Uni to just $ 1.86 million, which could be the main reason why the whale decided to move $ 13.71 million in uni -tokens to Kraken.
Bearish signal
Another Crypto analyst noted that indicators showed a bearish image for Uniswap. Santiment shared his analysis about what the future of Uniswap could be with the help of the on -chain statistics, and said that the exhibition current balance rose from -428,920 to 2.23 million within two days.
The metric, which follows the net movement of tokens in and out of exchange portfolios, showed that there is a possible increase in sales pressure, indicating that many tokens are moved to exchange portfolios.
Another statistics, the offer at trade fairs, illustrated that it token increased With 2.67% in the last 24 hours, the analyst of which claimed to discharge their uni -holdings, the confidence in the performance of Uniswap was.
Previous data showed that such trends usually result in a further fall in the price of the token.
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Other market observers checked the technical indicators of UNI and revealed a negative sentiment against the native token of uniswap. The Bollinger tires showed that it tightened with the middle band at $ 7,470. In the meantime, the upper and lower tires are $ 9,332 and $ 5,608 respectively.
Analysts said that the price of the Uni is on the lower tire, which indicates a strong bearish Momentum, which could explain the fall in the non -realized profit for token.
Featured image of medium, graph of TradingView
