Uniswap (UNI) Whales Are Back in the Game, Opening a New $3.97M Position

One of Uniswap's (UNI) most legendary whales has re-entered the game after three long years of dormancy, and their first big move is already making waves.

One of Uniswap’s (UNI) most legendary whales has awoken from a three-year slumber and their first move is already turning heads.

As reported by blockchain sleuth @ai_9684xtpa, the whale—who previously cashed out a cool $21.54 million in profits from two strategically timed waves of UNI trading—has just opened a new $3.97 million position. The whale reportedly acquired 662,606 UNI tokens at an average price of $5.99.

The whale’s re-emergence is particularly noteworthy given their past track record. They first bought UNI way back at $3.87 in 2020 and then expertly sold it near the all-time high of $42.88 in 2021, scoring a massive $17.6 million profit. A second successful trading attempt in the $26–$11 price range later netted them an additional $3.95 million profit.

全网都在关注版本之子 James，「2020.09 起 $UNI 波段累计获利 370 万美元巨鲸」已默默浮盈 37 万美元看多了十几亿的杠杆仓位，37 万美元的浮盈都感觉没什么了？—— 他之前的 2154 万美元利润可是靠现货钻石手赚到的

自 05.21 这位聪明钱开启第三次 UNI 波段后（成本 $5.99），币价最高涨至 $7.17，现在已翻倍到 12.7 美元，并且他的杠杆仓位还在开满。$BTC 当时开仓价格 39000 美元，现在已跌至 26000 美元，八千美元的亏损对于十多倍杠杆来说，感觉有些不妙。

不过到目前为止，这笔八千美元的比特币小亏损还没有完全拖垮他的美元净资产，并且在第三次吃满一轮 UNI 后，他的美元净资产不增反减。

从这几点可以看出，James 对得失还是比较淡然的，毕竟都已经开到 10-15 倍的杠杆了，还在担心小浮盈，那之前 2154 万美元的现货利润又是如何得来的呢？

— AI (@ai_9684xtpa) August 10, 2023

Coincidecially, UNI itself is showing fresh strength, already up more than 10% in the past 24 hours to $6.55 at press time. This means the whale’s new address is already sitting on a floating profit of over $370,000—barely a blip compared to his past spot market haul.

On the technical side, Uniswap shows signs of quiet bullish strength with the Accumulation/Distribution indicator curving back upward after several weeks of sideways movement, suggesting fresh accumulation—possibly from institutions or informed traders who’ve noticed the whale’s return.

The MACD Indicator shows that the MACD line (blue) is crossing above the signal line (orange), indicating a bullish momentum shift. Although the histogram is still near zero, the crossover suggests further upside potential in the short term.

Fibonacci Levels Point to Potential UNI Targets Above $10

Zooming out, the Fibonacci retracement and extension levels mapped from the swing low at $5.70 to the recent swing high at $8.70 provide critical levels for both bull and bear scenarios.

A sustained move above the 0.382 Fib level ($6.84) and 0.5 Fib ($7.28) could open the door to 0.786 level at $8.05, 1.618 Fib extension at $10.55, and long-term targets of $13.54, $16.54, and even $18.39 if full bullish momentum returns like in 2021.