Key Highlights
- Crypto Trader Fibonacki bought 37.45% of the UNC supply when the token market cap was only around $6,000.
- The trader airdropped 33.85% of the supply to over 2,000 on-chain wallets, including active traders, with top allocations worth about $200,000 each.
- After the airdrop and trading activity, UNC’s value jumped, with the airdrop now worth about $6.4 million and the market cap rising to around $20 million.
A crypto whale known as Fibonacki is making headlines on X after buying a large share of the UNC token supply and then distributing most of it to thousands of traders on-chain.
According to on-chain data shared by Arkham, he purchased 37.45% of the UNC supply in a single transaction when the token’s market cap was around $6,000.
Early purchase at micro-cap stage
The purchase happened very early in the token’s life, at a stage where the project was still valued at micro-cap levels. Fibonacki took an entry, which is an early position seen in UNC, with a single wallet taking control of more than one-third of the total supply in one move.
Instead of holding the full position, Fibonacki moved a large portion of tokens into an airdrop. Data from Arkham shows that 33.85% of the total supply was sent out to more than 2,000 on-chain addresses. The recipients were active traders across the blockchain ecosystem,
Arkham noted that the distribution also included structured sizing. The largest allocation was 1% of total supply, given to 22 traders, with each of those allocations now worth close to $200,000 based on current market value. Smaller allocations were spread across thousands of other wallets, creating a wide distribution across the community.
Price movement after airdrop
After the airdrop, the value of the UNC token increased significantly from its early stage. At the time of writing, the token now trades for $0.019, when paired with SOL, representing a 141% surge in the last 24 hours.
Akhram also reported that the airdropped portion is worth about $6.4 million in total, reflecting how the token grew in value after it started circulating more widely among traders. Based on this, the total market size of UNC is estimated to be around $20 million.
The retained portion held by Fibonacki, which is about 3.6% of supply, is now valued at approximately $680,000, according to the same on-chain breakdown.
The trading activity has also highlighted how the tokens were selected for distribution. Instead of random wallets, the airdrop targeted active on-chain participants. This included traders with visible histories of blockchain activity, suggesting the tokens were placed into wallets likely to interact with the market rather than remain inactive.
UNC memecoin itself started as a very low-value token with minimal liquidity, where early buyers often enter before wider attention builds. In this case, the token moved from a $6,000 market cap stage into a $20 million valuation after the distribution event and subsequent trading activity.
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