Uniswap: Whale Withdraws 1.29M UNI From Binance

Uniswap token UNI slid 13% in two days as one address pulled 1.293 million tokens worth $9.59 million from Binance at roughly $7.42, according to on-chain data shared by @EmberCN.

The withdrawal address 0x138941e97233Eac820946EC8c1F0399156073b4D now holds the position after the move completed over the past 48 hours.

UNI trades at $6.99 on the four-hour chart inside a bearish structure defined by the EMA50 at $7.81 and EMA200 at $7.70. Momentum remains weak with MACD at -0.18 after the death cross, yet RSI at 25.93 shows clear oversold conditions. Price is pressing the lower Bollinger Band support at $7.01 while the upper band sits at $7.95, creating a tight volatility band that often precedes short-term exhaustion. Institutional desks watching the setup note that repeated tests of the $7.01-$7.10 zone with RSI this depressed have historically produced relief bounces toward the EMA50 before the larger downtrend resumes.