{"id":27111,"date":"2020-08-11T13:27:23","date_gmt":"2020-08-11T10:27:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27111"},"modified":"2025-08-26T18:50:42","modified_gmt":"2025-08-26T15:50:42","slug":"uniswap-user-buys-40000-eth-at-2m-premium-to-the-market","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/uniswap-user-buys-40000-eth-at-2m-premium-to-the-market\/","title":{"rendered":"Uniswap user buys 40,000 ETH at $2m premium to the market"},"content":{"rendered":"<p>An anonymous investor bought more than 40,000 ETH on the decentralised exchange Uniswap. As a result of his actions, the cryptocurrency&#8217;s price on the platform surged by 13%, causing him to overpay by almost $2 million.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Welp, someone just bought $15mn worth of ETH via Uniswap. <a href=\"https:\/\/t.co\/FXcuSYYrjf\">pic.twitter.com\/FXcuSYYrjf<\/a><\/p>\n<p>\u2014 eric.eth (@econoar) <a href=\"https:\/\/twitter.com\/econoar\/status\/1292884942637027329?ref_src=twsrc%5Etfw\">August 10, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The total value of the trade across a series of swaps amounted to $17.9 million. Against this backdrop, the ETH price on Uniswap at one point reached $450. With Ethereum&#8217;s mid-market price around $400, the buyer paid $1.9 million more.<\/p>\n<p>The deal drew interest from the cryptocurrency community. RealT chief operating officer David Hoffman suggested that the investor knowingly bought ETH at an inflated price because he wanted to open a long position without undergoing verification.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">Either<\/p>\n<p>\u2014 It was a single part of a greater DeFi arbitrage transaction<\/p>\n<p>\u2014 Someone wants a no-KYC long-ETH position<\/p>\n<p>\u2014 DavidHoffman.eth \ud83c\udff4 (@TrustlessState) <a href=\"https:\/\/twitter.com\/TrustlessState\/status\/1292885631920558080?ref_src=twsrc%5Etfw\">August 10, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The most impressive part here is the slippage wasn\u2019t actually that bad! Don\u2019t get me wrong it was a lot but no DEX could have handled that slippage a year ago<\/p>\n<p>\u2014 Adam Cochran (@AdamScochran) <a href=\"https:\/\/twitter.com\/AdamScochran\/status\/1292910266850652164?ref_src=twsrc%5Etfw\">August 10, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Among similar platforms, Uniswap ranks first with a daily volume of $252 million. The exchange accounts for 56.2% of turnover in the DEX sector, according to the portal <a href=\"https:\/\/explore.duneanalytics.com\/public\/dashboards\/c87JEtVi2GlyIZHQOR02NsfyJV48eaKEQSiKplJ7\" target=\"_blank\" rel=\"noopener noreferrer\">Dune Analytics<\/a>.<\/p>\n<p>In early August Uniswap <a href=\"https:\/\/u1f987.com\/en\/news\/uniswap-the-largest-non-custodial-exchange-raised-11-million-in-investment\">raised<\/a> $11 million from 12 unnamed investors. A few days later the number of daily transactions on the exchange first <a href=\"https:\/\/u1f987.com\/en\/news\/uniswap-daily-transaction-count-tops-110000\">exceeded<\/a> 110,000.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An anonymous investor bought more than 40,000 ETH on the decentralised exchange Uniswap. As a result, the cryptocurrency price on the platform jumped by 13%, causing him to overpay by almost $2 million.<\/p>\n","protected":false},"author":1,"featured_media":27112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[787,1391],"class_list":["post-27111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dex","tag-uniswap-uni"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=27111"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27111\/revisions"}],"predecessor-version":[{"id":27113,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27111\/revisions\/27113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/27112"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=27111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=27111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=27111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}