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PANews says that after UNI fell, address 0xd42B used 1500000 USDC to buy 159,698 UNI at a price of 9.39 USD.
A whale buys about 1500000 USD worth of UNI
PANews reported on September 24 that, according to Lookonchain monitoring, after the UNI price fell, whale 0xd42B spent 1500000 USDC in a single transaction to buy 159,698 UNI at a price of 9.39 USD.
Source: https://www.panewslab.com/zh/articles/01a0d114-7ac4-7490-9cc1-a33999640064
PANews cited Lookonchain monitoring as saying that the purchase occurred after the UNI price fell.
Address 0xd42B spent 1500000 USDC in a single transaction.
The address bought 159,698 UNI at a price of 9.39 USD.
The following is analysis, separate from reported facts. Verify important claims independently.
The report describes an address labeled a whale using USDC to buy a large amount of UNI in one transaction. USDC is the asset used for payment, while UNI is the asset purchased.
The transaction value and purchase quantity are substantial and may attract attention, but the source does not state what effect it had on the UNI price.
Beginners can understand this as an address making a large token purchase; a transaction by one address does not amount to a market trend or investment advice.
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An individual, institution, or organization that holds a large amount of a particular cryptocurrency and may significantly influence market prices through large-volume buying or selling.
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