Trader earns $1.59M on UNI and LIT longs, with 991% return on UNI
- —10x leveraged long of 265,200 UNI: value $2.26 million, profit $1.125 million
- —The UNI position returned 991.1% over roughly 25 days
- —3x leveraged long of 267,000 LIT: profit $466,000, return 161.2%
- —UNI at $8.56: +26.6% in 24 hours and +272.1% from a low of about $2.3 in June
Why it matters: Large unrealized profits on UNI longs reflect the sharp rally in the Uniswap token and elevated risk appetite in the DeFi sector.
Source: TokenPost