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"The Proposal to Burn 1 Billion UNI Tokens" Final Vote Approaches: On-chain UNI's Largest Short Squeeze to Lock in Profits by 40%"
BlockBeats News, December 19, Under the influence of Uniswap's "Unification" proposal entering the final voting stage, several on-chain traders have started to make moves. According to HyperInsight monitoring, the largest UNI bear whale, known as the "Shanzhai Bear Air Force," has liquidated over 40% of their UNI short position since yesterday at 13:00, with the current holding size reduced to $2.79 million, unrealized profit of $1.22 million (437%), an average price of $7.46, and a liquidation price of $5.19.
It is worth noting that the whale "0x413c," who had already set up a long position in UNI on the 17th, boldly added to their position at an average price of $4.9 just two hours before the final vote. At one point, their unrealized profit exceeded 50%. However, faced with this morning's price drop, they ultimately chose to close the position at breakeven, ending this round of operation with only a small profit of about $36,000.
According to on-chain data, once this news was released, the "Yes" option on the Polymarket prediction market regarding whether the "Uniswap protocol fee switch will be activated by December 31, 2025," surged by 69%. Over 20 addresses bought this option, and the current implied probability has risen to 85%.
As of 4:00 pm yesterday, it was reported that the "Unification" proposal submitted by Uniswap founder Hayden Adams has entered the final governance voting stage. Voting will begin at 11:30 on December 20 (Beijing time) and will end on December 26. If the proposal is approved, it will be directly implemented after a 2-day lockup period: 1 billion UNI will be burned, and the mainnet v2/v3 fee switch will be activated, with the related fees being used for ongoing UNI burns. In response to this news, UNI saw a short-term 10% price increase.
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