Web3vc: Deposits 1.79M UNI to Binance
Lookonchain reports that trader web3vc withdrew 1.79M UNI worth $13.18M from Venus Protocol and sent it to Binance, marking a potential exit after buying at an average of $9 a year ago and facing nearly $3M in unrealized losses.
SourceAnalysis
Web3vc pulled 1.79M UNI ($13.18M) from Venus Protocol and sent the tokens straight to Binance one hour ago, according to Lookonchain. The trader accumulated the position at roughly $9 over the past year, briefly moved into profit days earlier, then opted against selling and now appears ready to exit at a nearly $3M loss.
On the 4h chart UNI trades at $7.34 inside a bearish structure with EMA50 at $8.21 acting as resistance and EMA200 at $7.77 as the next support layer. RSI(14) sits at 28.9 in oversold territory while MACD prints a bullish golden cross at -0.35, yet price remains capped by the upper Bollinger Band at $8.42 and finds immediate floor at the lower band near $6.88; any bounce into the $8.42 resistance zone would likely stall and retrace toward the $7.77 EMA200 before further downside tests.
Lookonchain
@lookonchainLooking for smartmoney onchain