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Uniswap's "Burn 1 Billion UNI" Proposal Implemented Ahead of Schedule, On-chain UNI Whale's Maximum Long Position Scores 156% Unrealized Gain
BlockBeats News, December 22nd, the "Unification" proposal of Uniswap has been approved. On-chain data shows that the current support for the proposal has exceeded 69 million votes, far surpassing the required threshold of 40 million votes, with nearly 100% community support. Meanwhile, according to Hyperliquid data, UNI has been on a continuous uptrend since the 20th, reaching a high of $6.5, a 25% increase, and is currently trading at $6.16.
Additionally, according to HyperInsight monitoring, the largest UNI whale on Hyperliquid (0x10a) opened a 10x leveraged UNI long position at an average price of $5.2 before the start of voting on the 19th. The position is currently realizing a profit of $870,000 (154%), with a position size of approximately $5.6 million. Furthermore, it has placed take-profit orders in the range of $6.52 to $10 and has not yet closed the position, maintaining a bullish outlook.
In addition, this new whale address deposited approximately $1.8 million into Hyperliquid on the 19th, subsequently dollar-cost averaging into several tokens at different stages. The overall account is currently realizing a profit of $1.87 million, achieving a doubling of the account's funds.
Previously, Uniswap founder Hayden Adams's "Unification" proposal entered the final governance voting stage, with voting starting on December 20th at 11:30 (Beijing time) and ending on December 26th. If the proposal is approved, it will directly initiate after a 2-day locking period: burning 1 billion UNI tokens and activating the mainnet v2/v3 fee switch, with the related fees used for continuous UNI burning.
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