After holding a massive UNI and COMP 😭 position for nearly 10 months, wallet 0xfa93 appears to be capitulating and starting to sell.
Around 3 hours ago, the whale deposited 2.705M
$UNI worth roughly $9.23M and 114,352
$COMP worth about $2.31M into Binance , a move that often signals intent to sell or reduce exposure.
What makes it brutal is the scale of the drawdown.
At peak accumulation, the wallet bought roughly 5.41M
#UNI (worth around $51.53M at the time) and 228,704
#COMP (worth about $11.3M at the time). Now, after months of holding through volatility, the position is reportedly sitting on losses exceeding $39.7M.
Sometimes even whales stop believing in the comeback story.
Address: 0xfa9389e80Cd9dd9b0B429287Fd4D1d08185FEB58