Place your ads here email us at info@blockchain.news
NEW
Crypto Whale Sells All 5,420 MKR for $11.4M, Securing 74% Profit While Holding UNI | Flash News Detail | Blockchain.News
Latest Update
7/23/2025 3:44:21 AM

Crypto Whale Sells All 5,420 MKR for $11.4M, Securing 74% Profit While Holding UNI

Crypto Whale Sells All 5,420 MKR for $11.4M, Securing 74% Profit While Holding UNI

According to @lookonchain, a crypto whale identified by the address 0xacef has sold their entire holding of 5,420 MKR for $11.4 million over the past five days. This series of transactions resulted in a realized profit of $4.8 million, representing a 74% gain from an initial investment of $6.56 million made four months ago. The on-chain data also reveals that this same investor continues to hold 524,643 UNI, which currently has an unrealized profit of $2.4 million, also marking a 74% gain on their initial $3.24 million purchase.

Source

Analysis

In a significant move shaking up the cryptocurrency markets, a prominent whale identified as 0xacef has liquidated its entire holding of 5,420 MKR tokens over the past five days, securing a substantial profit of $4.8 million, which represents a 74% gain. According to Lookonchain, this whale initially acquired these MKR tokens four months ago at a cost of $6.56 million, alongside a position in 524,643 UNI tokens purchased for $3.24 million. While the MKR sale has locked in impressive returns, the whale continues to hold its UNI stash, currently sitting on an unrealized profit of $2.4 million, also at a 74% increase. This strategic profit-taking on MKR amid broader market volatility highlights key trading opportunities for investors monitoring whale activities in decentralized finance tokens like MKR and UNI.

Analyzing the Whale's MKR Sell-Off and Market Implications

Delving deeper into this transaction, the whale's decision to sell all 5,420 MKR tokens comes at a time when MakerDAO's governance token has been experiencing fluctuating price action. The sale, executed over five days ending around July 23, 2025, resulted in the whale receiving approximately $11.4 million, crystallizing a $4.8 million profit. From a trading perspective, this move could signal potential resistance levels for MKR, as large-scale liquidations by whales often precede short-term price corrections. Traders should watch for support around the $2,000 mark, based on historical data from four months ago when the whale entered at an average cost implying around $1,210 per MKR. On-chain metrics, such as those tracked via blockchain explorers, show increased transfer volumes for MKR during this period, potentially indicating heightened selling pressure. For those eyeing entry points, this whale activity might create buying opportunities if MKR dips below key moving averages, such as the 50-day EMA, offering a chance to capitalize on any rebound driven by MakerDAO's stablecoin ecosystem growth.

UNI Holdings and Unrealized Gains: A Hold Strategy in Play

Contrastingly, the whale's retention of 524,643 UNI tokens points to a bullish outlook on Uniswap's governance token. Purchased four months prior at a total cost of $3.24 million, these holdings now boast an unrealized profit of $2.4 million, mirroring the 74% gain seen in the MKR position before its sale. This selective profit-taking suggests the whale may anticipate further upside in UNI, possibly fueled by increasing decentralized exchange volumes and liquidity pools on Uniswap. Trading volumes for UNI have shown resilience, with on-chain data revealing steady accumulation by other large holders. Investors could interpret this as a positive sentiment indicator, potentially targeting resistance levels near $10-$12 per UNI if market momentum builds. Cross-pair analysis with ETH, given Uniswap's Ethereum-based infrastructure, might reveal correlations; for instance, if ETH surges, UNI could follow suit, presenting leveraged trading setups on platforms like Binance or OKX.

Broadening the lens to institutional flows and market sentiment, this whale's actions underscore the influence of large players in altcoin markets. With no immediate real-time price data available, we can contextualize this within recent crypto trends where profit-taking in DeFi tokens like MKR often correlates with broader market rotations into blue-chip assets such as BTC or ETH. Trading opportunities arise from monitoring on-chain whale alerts, which can serve as early signals for volatility. For example, if similar whales begin unloading UNI, it might trigger a cascade below support at $6, advising stop-loss placements. Conversely, sustained holding could bolster UNI's price floor, encouraging long positions. Overall, this event emphasizes the importance of volume-weighted average price (VWAP) analysis and sentiment indicators like the fear and greed index, which recently hovered in neutral territory, suggesting room for upward momentum in UNI while MKR consolidates.

Trading Strategies Amid Whale Movements in Crypto

For traders navigating these developments, focusing on multiple trading pairs is crucial. Consider MKR/USDT for spotting reversal patterns post-sell-off, or UNI/ETH for relative strength plays. Institutional interest in DeFi, evidenced by rising TVL in protocols like Maker and Uniswap, could drive inflows, potentially pushing MKR back toward $2,500 if buying pressure resumes. Risk management remains key; with the whale's 74% profit benchmark, setting take-profit levels at similar percentages could optimize returns. In the absence of live data, historical volatility metrics show MKR's 30-day ATR around $200, implying potential swings that savvy traders can exploit via options or futures. This narrative also ties into stock market correlations, where AI-driven analytics tools are increasingly used to track whale behaviors, influencing sentiment in tech-heavy indices like the Nasdaq, which often mirrors crypto rallies. Ultimately, staying attuned to such on-chain events provides a edge in identifying profitable trades, blending fundamental DeFi growth with technical indicators for informed decision-making.

Lookonchain

@lookonchain

Looking for smartmoney onchain

Place your ads here email us at info@blockchain.news