A newly created wallet opened its first UNI position about five hours before the report, according to on-chain tracker Ai Yi. The address spent roughly $9.05 million to buy 1 million UNI at an average entry price of about $9.05 per token. With UNI trading near $9.14 at the time of the update, the position was already showing an unrealized gain.
The purchase came after a sharp rally in UNI. Over the past month, the token had risen 145%, making the timing notable as the buyer entered after a strong move higher rather than before it. The report described the trade as a fresh position established by a new address.
On the news side, the report said Robinhood’s meme-related market activity and the U.S. Securities and Exchange Commission’s recent push for compliant on-chain trading rules for U.S. stocks were seen as part of the backdrop behind UNI’s recent rise. The information was cited by BlockBeats from monitoring data shared by Ai Yi.
BlockBeats reported on Sept. 19 that, according to monitoring by Ai Yi, a new wallet opened its first UNI position about five hours earlier, spending roughly $9.05 million to buy 1 million UNI at an average price of about $9.05.
With UNI trading near $9.14 at the time of the update, the address was sitting on an unrealized gain.
The position was built after UNI had already posted a sharp rise. Over the past month, the token was up 145%. On the news front, Robinhood’s meme-related market activity and the U.S. Securities and Exchange Commission’s recent push for compliant rules for on-chain trading of U.S. stocks were described as part of the backdrop for UNI’s recent advance.
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