A crypto whale that dropped $62.83 million on Uniswap (UNI) and Compound (COMP) governance tokens last July has started dumping them at a loss exceeding $39.7 million. The address, labeled 0xfa93, still holds roughly half of the original position — meaning more selling could be on the way.
How the trade soured
The whale bought into UNI and COMP in July 2025, a time when governance tokens were drawing heavy interest. But the market shifted. Now the same tokens are worth far less. The realized loss on what's been sold so far tops $39.7 million — a brutal reversal for a whale that moved with conviction.
What's still on the table
About half of the original $62.83 million position remains, according to on-chain data. That's still a sizable chunk of both tokens. If the whale keeps selling, it could add downward pressure on prices. No one knows yet if the remaining tokens will be dumped in one go or trickled out.
Timing isn't great
The sell-off comes nearly a year after the initial buy. The broader crypto market has seen ups and downs since then, but governance tokens haven't been the darlings they were in mid-2025. For the whale, the timing of the exit compounds the pain.
The big question: how much more will 0xfa93 offload, and at what price? The answer could ripple through UNI and COMP liquidity in the coming days.
