For this $UNI swing, patience may be his only lifeline. Swing trading doesn’t always go as planned — and wallet 0x4B56fdE8006DeF65252a38a4B20b13Ae03990AFA is finding that out the hard way.

Back on 08.13, during ETH’s uptrend, the trader swapped 1,090 ETH for 415,005 UNI. But when prices turned against him, the position sank. Fourteen hours ago, he doubled down, buying another 115,005 UNI to average down.

Now sitting on a total of 530,010 #UNI — worth about $6.26M — his average cost stands at $11.82. On paper, that leaves him with a floating loss of $535K.