Whale Moves $11M+ in UNI and COMP to Binance Amid Market Dip

Crypto wallet 0xfa93 has started unwinding a large position accumulated about 10 months ago, offloading major holdings in Uniswap (UNI) and Compound (COMP).

In the latest move, the wallet transferred 2.705 million UNI (around $9.23M) and 114,352 COMP (about $2.31M) to Binance as part of its exit strategy.

The original position totaled 5.41 million UNI, valued at roughly $51.53M, and 228,704 COMP, worth approximately $11.3M.

Overall, the trade is currently sitting at a loss of more than $39.7 million, coming as both tokens face short-term pressure, with UNI down 2.50% and COMP falling 5% over the past 24 hours.

Source: Lookonchain