A whale address previously known for spending $4.73 million to build positions in PONS, UNI, AAVE, and CASHCAT has recently sold 156,452 UNI for approximately $1.07 million USDC, and then spent about $100,000 USDT to acquire 355,175 FORM tokens, according to Lookonchain monitoring. UNI is the governance token of the decentralized exchange Uniswap, while AAVE is the governance token of the lending protocol Aave—both leading DeFi projects on Ethereum. The shift from UNI to FORM signals a strategic repositioning by this large holder, drawing attention to FORM's potential.
Lookonchain says a whale address that had earlier put $4.73 million into PONS, UNI, AAVE, and CASHCAT has now made a sharp portfolio switch. It sold 156,452 UNI, swapping the tokens for about $1.07 million in USDC. Then it used roughly $100,000 in USDT to buy 355,175 FORM.
UNI is Uniswap’s governance token, tied to the decentralized exchange. AAVE is the governance token of Aave, the decentralized lending protocol. Both Uniswap and Aave rank among the best-known DeFi projects on Ethereum, and their tokens have for a long time shown up in big holders�� portfolios. So this UNI sale, followed by the FORM buy, points to a rotation by the whale—maybe a bet on FORM in the near term, or maybe a move to rebalance risk.
And the trade is another example of why traders watch whale activity so closely. Platforms such as Lookonchain track these moves in real time, flagging large token transfers and portfolio shifts as they happen.
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