Whale Who Spent $62M on Uniswap and Compound Tokens Is Now Selling at a $39.7M Loss

A wallet labeled 0xfa93 accumulated 5.41 million UNI and 228,704 COMP in July 2025, spending $62.83 million at average prices of about $9.52 for UNI and $49.41 for COMP. About ten months later, the holdings declined sharply, with UNI down roughly 64% to around $3.36 and COMP down roughly 59% to around $20.21. The combined loss exceeded $39.7 million. The wallet then deposited 2.705 million UNI worth $9.23 million and 114,352 COMP worth $2.31 million into Binance, representing about half of the original holdings. Such exchange deposits are commonly interpreted as preparation for open-market selling. UNI and COMP remain under pressure despite governance-related developments.

"Wallet 0xfa93 is offloading 5.41M UNI and 228,704 COMP bought for $62.83M in July 2025, down $39.7M. The whale deposited 2.705M UNI ($9.23M) and 114,352 COMP ($2.31M) into Binance on May 25, 2026. UNI is trading close to $3.40 today, roughly 64% below the whale's $9.52 entry price from 10 months ago. A $62 Million Bet That Went Wrong In July 2025, a wallet identified as 0xfa93 made a concentrated bet on two of decentralized finance's ( DeFi) most established governance tokens."

"First, the wallet accumulated 5.41 million UNI, the governance token of Uniswap, the largest decentralized exchange by trading volume (at approximately $9.52 per token and spending roughly $51.53 million). It then bought 228,704 COMP, the governance token of the Compound lending protocol, at approximately $49.41 per token, shelling out a further $11.30 million and bringing its total outlay to $62.83 million. Image source: X However, just ten months later, the position has gone deep underwater, with onchain data showing that the wallet is capitulating."

"Earlier today, it deposited 2.705 million UNI worth $9.23 million and 114,352 COMP worth $2.31 million into Binance. UNI has fallen roughly 64% from the trader's $9.52 entry to approximately $3.36 today, while COMP has shed approximately 59% from $49.41 to around $20.21. The combined loss on the full position has exceeded $39.7 million. The Binance deposits represent approximately half of the original holdings, meaning the remaining lot may follow in the near future."

"Moreover, exchange deposits of this size are widely interpreted as a sign of potential open-market selling rather than custody transfers, especially given that Binance is the world's largest spot trading venue. DeFi Governance Tokens Remain Under Pressure Uniswap remains the dominant decentralized exchange by volume, and its UNIfication governance proposal, approved in December 2025, activated a fee switch that redirects a portion of trading fees toward buying back and burning UNI to"

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