A major account transferred tens of millions of USD worth of UNI to the exchange, with unrealized losses exceeding 900,000 USD.

【Chain Wen】 On-chain data shows that a major holder recently transferred 1.19 million UNI tokens to a leading exchange, which is approximately $10.54 million at the current price. However, this operation resulted in a unrealized loss of over $910,000.

This investor’s position was built over a long period—buying from early February to mid-October, accumulating from an exchange and market maker Flowdesk, with a total cost of around $11.45 million. Calculated, the average cost basis is about $9.66, while UNI’s current price hovers around $8.85, which explains the decision to cut losses.

Looking at the trading pattern, this move could be an institutional adjustment of their position or simply a stop-loss exit due to bearish outlook. Recently, UNI’s price trend has been weak, and the DeFi sector as a whole hasn’t shown much improvement. Large capital outflows at this time may reflect some market sentiment.