Arthur Hayes acquired 284,102 UNI tokens over two days, with 244,400 tokens purchased on Sunday and 39,700 on Monday. The total value of this position is estimated at over $2 million. The wallet labeled as Hayes's also contains approximately 8,013 Ethereum.
The investor avoids open markets for large orders, instead withdrawing assets from Galaxy Digital, Cumberland, and FalconX. This strategy was previously used in August to rebuild a position in Ether.fi after an earlier exit.
Uniswap's token UNI currently trades near $7.18, marking a 76.8% increase over the past month. Despite this growth, the token remains 84% below its all-time high of $44.92 reached in May 2021. The current market value of the token is approximately $4.47 billion, ranking it 22nd overall.
The recent price climb was largely driven by Robinhood Chain. According to an August fee breakdown, the Arbitrum Orbit network, launched in July, accounted for 66% of Uniswap's total earnings across 47 chains.
Other large holders show mixed behavior. While Nansen-labeled whales increased their holdings from 3.20 million to 3.46 million UNI on September 2, they became net sellers of $130,256 on decentralized exchanges.
