UXLINK-Linked Wallet Closes 30,000 ETH Long at $1.106M Loss

By Tom Whitfield

A wallet associated with the UXLINK hack closed a 30,000 ETH long at a $1.106 million loss, according to on-chain analyst Ai姨, who monitored the trade. The nearly three-month position had shown nearly $16.8 million in unrealized gains at its peak.

The wallet executed the close through time-weighted average price (TWAP) trades at an average of $2,135.20 per ETH. At that average price, the closed long represented $64.056 million in gross notional value.

This amount covers only the 30,000 ETH position that the wallet closed. It does not represent the wallet's full portfolio or the broader set of positions valued at about $148 million in TokenPost's earlier report.

How did the wallet close the position?

TWAP execution splits an order across multiple trades over a set period rather than relying on one immediate fill. The method can reduce the market impact of a large order, although the reported average does not identify the price secured in any individual trade.

For the UXLINK-linked wallet, the reported $2,135.20 average applied to the full 30,000 ETH long. The wallet therefore removed that ETH exposure through the reported time-spread execution, which Ai姨 monitored.

The source does not provide individual fill prices, execution intervals, fees or slippage. The $2,135.20 figure is therefore an average across the reported trades, not an independently disclosed single-trade price or confirmed break-even level.

What changed between the peak gain and final loss?

The wallet moved from nearly $16.8 million in unrealized gains to a $1.106 million realized loss. Based on those reported figures, the final loss erased roughly 93.4% of the position's peak paper gain.

That reversal shows the gap between a marked-to-market gain and a completed trade. An unrealized gain can change as ETH trades, while a realized loss fixes the economic result of the position when the wallet finishes selling.

The wallet held the long for nearly three months before closing it. The source does not identify the entry date, the exact closing date or the wallet address, so the holding period cannot be converted into a precise calendar timeline.

How large was the broader unwind?

TokenPost earlier reported the start of an unwind involving a 30,282 ETH long. That earlier figure formed part of a broader set of positions valued at about $148 million, while the completed transaction covered 30,000 ETH.

The two reported long sizes differ by 282 ETH. The source does not state whether that difference reflects an earlier partial reduction, separate positioning or a change in the scope of the tracked wallet.

The $148 million valuation applies to the broader position set, not specifically to the closed 30,000 ETH long. It also does not establish how much exposure remained after this closure or whether the broader unwind had finished.

What happens next?

The confirmed operational step is complete: the wallet closed the 30,000 ETH long at the reported $1.106 million loss using TWAP trades. The broader $148 million position set remains the relevant monitoring point because the source does not describe it as fully unwound.

The next checkpoint is any additional on-chain activity from the wallet, particularly further TWAP sales tied to the wider position set. No deadline was disclosed, so completion of the broader unwind cannot be assigned a fixed date from the available record.