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A certain whale bought more on the day of the UNI burn proposal, currently with an unrealized loss of approximately 580%.
On December 15, according to HyperInsight monitoring, the whale that previously opened a long position on UNI in the early morning of November 11 is currently experiencing an unrealized loss of 1.93 million USD (-580%), with a position size of approximately 3.31 million USD, an average price of 8.5 USD, making it the largest long on UNI on Hyperliquid. Additionally, this address currently holds a total position of about 18.33 million USD, and also holds a MON long position of approximately 445,000 USD, with an unrealized loss of 220,000 USD (-253%). On November 11, Uniswap Labs and the Uniswap Foundation jointly launched a governance proposal aimed at enabling the protocol fee switch to facilitate UNI burn. On the same day, the price of UNI continued to rise, breaking above 10 USD at its high, and is now quoted at approximately 5.38 USD.