Whale Wallet Analysis - UNI 

Whale Wallet Analysis - UNI 

By D3F1 | DeFi Box | 24 Sep 2020


Hello guys, it has been a while since I posted any type of Whale Wallet Analysis but I felt it was important to give you one for UNI - the governance token behind Uniswap that was gifted to Uniswap users.

I have previously conducted a similar analysis for AMPL, SNX, BASED, YFV, YFI, & LINK, and they were quite well received so I would love to continue this series for you.

The UNI rich list is accessible on the Etherscan page for anyone to see. I have ignored all the contract addresses or any exchanges that might have holdings. In addition to this, I have ignored whales that are solely holding UNI as I am more interested in what other DeFi tokens they might be holding. As a result of this, it seems that nobody on the top 50 ranked wallets is holding anything other than UNI.

Following is a list of hand-picked UNI whales that I found - I hope you find it interesting;

#1 Whale 

Rich List: 53rd  
Wallet Address: link
UNI Holdings: 919,814/ $4.2M USD
Total UNI Supply: 0.92% 

Other notable DeFi Holdings: 

- 4K $ETH: ~ $1.5M USD - 
- 427K $USDC: ~ $427K USD - First purchase in December 2018 on Poloniex. Has been loading up ever since. 
- 5.7M $FOAM: ~ $142K USD - First bought FOAM in December 2018 also and has held ever since. Bought some extra in July 2020 from Uniswap/ 
- 5K $STAKE: ~ $111K USD - Bought in September 2020
- 8.8M $CSP: ~ $64.6K USD - Bought in March 2019.

Whale #1 has a substantial holding in UNI, the majority of which were given in the token distribution. On top of this, he owns almost $1.5 million in ETH. The rest of his holdings are quite unknown tokens such as FOAM, STAKE, and CSP - some of which he has held for quite some time.

#2 Whale 

Rich List: 54th
Wallet Address: link
UNI Holdings: 909K/ $4.15M USD
Total UNI Supply: 0.909% 

Other notable DeFi Holdings: 

- 1.2K $ETH: ~ $412K USD - 
- 4M $USDC: ~ $4M USD -
- 166K $USDT: ~ $166K USD - 

Whale #2 has quite a substantial amount of his wealth in UNI, all of which was given to him in the token distribution. Interestingly, he does not own too many other tokens with a large proportion of his wealth in stablecoin assets. He has quite a large fund staked inside the Synthetix network through SNX. On top of this, he owns $2.5 million in debt.

#3 Whale 

Rich List: 55th  
Wallet Address: link
UNI Holdings: 902.5/ $4.1M USD
Total UNI Supply: 0.902% 

Other notable DeFi Holdings: 

- 4.4K $ETH: ~ $1.5M USD - 
- 9.5M $LEV: ~ $774k USD - Started to invest into Leverj in June 2019 and has loaded up in recent months.
- 363K $CEL: ~ $278K USD - Has been purchasing CEL as far back as December 2018 and is still loading up.

Whale #3 received a total of around 1.2M UNI during the token distribution. He has since sold around 100K of them but still holds around $4.1 million in UNI. On top of this he owns around $1.5M in ETH and $774K in LEV.

Whale #3 is also quite a large scale farming with almost $2 million locked inside liquidity pools through 3Pool Curve, Y Curve, and ETH/MKR. 

#4 Whale 

Rich List: 58th
Wallet Address: link
UNI Holdings: 833.6K/ $3.8M USD
Total UNI Supply: 0.0834% 

Other notable DeFi Holdings: 

- 1.7M $LINK: ~ $14.4M USD - 
- 10.8M $USDT: ~ $10.8M USD -
- 5.8M $BUSD: ~ $5.8M USD - 
- 18.9M $ENJ: ~ $3M USD - 
- 105M $MATIC: ~ $2M USD - 
- 1.9M $USDC: ~ $1.9M USD - 
- 4.3M $ZRX: ~ $1.5M USD - 
- 6.48M $BAT: ~ $1.48 USD - 
- 474K $OMG: ~ $1.4M USD - 
- 765.5K $KNC: ~ $703 USD - 
- 4K $COMP: ~ $561K USD - 

As you can see Whale #4 is a MEGA whale with a total of $74 million in total assets. The majority of his wealth is in ETH of which he has over $25 million worth. This is closely followed up by LINK and a handful of stable coins.

Interestingly, he also holds sizeable amounts of top 50 coins such as BAT, ZRX, OMG, and KNC.

His wallet does not show that any of his funds are deployed in DeFi liquidity pools or interest bearing lending platforms.

#5 Whale 

Rich List: 63rd  
Wallet Address: link
UNI Holdings: 670K/ $3M USD
Total UNI Supply: 0.067% 

Other notable DeFi Holdings: 

- 506M $cBAT: ~ $2.3M USD - Started to lend BAT to COmpound in June 2020 to earn interest.
- 19.2M $cUSD: ~ $408K USD - Began lending USDC to Compound in April 2019 to earn interest.

Whale #5 received 866K worth of UNI through the distribution phase, of which he has 670K remaining. In total, he has around $6 million in total assets with a total of $1.189 million in debt through borrowed DAI and borrowed USDT.

This whale has also deposited around $75K into the UNI/WETH liquidity Pool alongside all of his deposits in Compound which total around $2.8 million.

#6 Whale 

Rich List: 68th  
Wallet Address: link
UNI Holdings: 458K/ $2M.1 USD
Total UNI Supply: 0.0458% 

Other notable DeFi Holdings: 

- 1.3K $ETH: ~ $458K USD - 
- 10.4K $PICKLE: ~ $370K USD - Bought Pickle Token on Uniswap in September 2020.
- 293.89 $SAFE: ~ $104K USD - 

Whale #6 received around 229.8K UNI tokens during the distribution and has since loaded up with over 200K more of them. On top of this, he owns a sizable amount in an unknown token called PICKLE as well as the new insurance mining project $SAFE.

In total, he owns around $8 million in assets. Almost $5 million of this is deposited onto the Aave platform through YFI.

#7 Whale 

Rich List: 70th  
Wallet Address: link
UNI Holdings: 432K/ $1.9M USD
Total UNI Supply: 0.0433% 

Other notable DeFi Holdings: 
- 6K $ETH: ~ $2M USD - 

Whale #7 seemed to have either mined or bought all of his UNI as they were not given to him in the distribution (unless they came from a secret wallet). In total, his wallet holds around $4.1 million with none of this being lent to any type of DeFi protocol.

#8 Whale 

Rich List: 106th  
Wallet Address: link
UNI Holdings: 379K/ $1.8M USD
Total UNI Supply: 0.0379% 

Other notable DeFi Holdings: 

- 3.6M $yyDAI+yUSD: ~ $4.2M USD - 
- 1.7K $MKR: ~ $777K USD -
- 200K $DAI: ~ $202L USD - 

Whale #8 is also quite a big fish with a total of $28.5M in assets - $5.8 million of this is debt. He received just 400 UNI in the token distribution and went on to buy 378K more the day later.

Interestingly, he has deposited around $25.6 million into interest bearing platforms. $20 million of this is locked in ETH in a Maker vault with the rest split in a y Curve Vault and a yETH Vault.

His debt comes from the Maker Vault which totals $5.8 million.

#9 Whale 

Rich List: 108th
Wallet Address: link
UNI Holdings: 357K/ $1.7M USD
Total UNI Supply: 0.0357% 

Other notable DeFi Holdings: 

- 1K $ETH: ~ $340K USD - 
- 2.1M $TKN: ~ $782K USD - Started buying TKN way back in June 2017 and has loaded up ever since.

Whale #9 received his entire holdings of UNI through the distribution phase and has not touched his tokens. His total assets equal around $3.5 million with around $670K trapped inside the TKN/WETH Uniswap Liquidity Pool.

#10 Whale 

Rich List: 109th  
Wallet Address: link
UNI Holdings: 355K/ $1.7M USD
Total UNI Supply: 0.0355% 

Other notable DeFi Holdings: 

- 4M $LEND: ~ $2M USD - 
- 2.5K $CREAM: ~ $253K USD -
- 101K $DAI: ~ $101K USD - 
- 238 $SAFE: ~ $83K USD - 

Whale #10 also did not receive any tokens from the distribution phase and has either mined or bought his UNI over the week following the launch.

In total, this whale still has around $16.8 million in assets. $7.5 million of this is locked inside the Aave YFI lending pool. On top of this he has around $5 million locked in the USDC/WETH Liquidity Pool on Uniswap and has a total of around $500k debt through borrowing DAI and ETH from Aave.

Conclusion

It seems that UNI whales are quite diverse once we get past the top 50 wallets. Lots of these whales have their fingers inside many different DeFi pies with not too many common interests amongst them.

One thing I did notice that was coming up a little more than other tokens was the new Insurance mining platform $SAFE. Some of the whales owned small amounts of safe which I did not list but there is a common interest here.

On top of this, all of the whales (Except #4 + #7) have lent their assets to different DeFi protocols either though farming or lending.


D3F1
D3F1

Yet another defi fan


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