An on-chain whale identified as 0xf7AD has accumulated 654,288 UNI tokens over the last month, deploying approximately $4.69 million at an average price of $7.17 per token through Flowdesk, an over-the-counter desk.
The position carries an unrealized profit of about $1.15 million. UNI surged from $6.69 in late August to a peak of $10.22 in September and currently trades around $9.64.
Using an OTC desk allows execution of large positions without slippage impact on decentralized exchanges. The timing suggests strategic conviction during UNI's recent momentum.
Whale activity in UNI extends beyond 0xf7AD. Address 0xa3b.38587 recently purchased 1 million UNI tokens at an average price of $9.05, signaling broader large-holder interest in the token.
The accumulation follows Uniswap Labs' recent protocol upgrades and network deployments, which have expanded the ecosystem's utility. Large capital inflows into governance tokens like UNI typically reflect conviction from major holders on protocol fundamentals and positioning within DeFi.
