Whale 0x1389: Buys 600K UNI Despite Market Drop

Lookonchain flagged that wallet 0x1389 withdrew 600,005 $UNI worth $4.28M from Binance in the latest leg of accumulation, bringing the three-day total to 1.29M $UNI ($9.6M).

At $6.99 the token sits below both the EMA50 at $7.84 and EMA200 at $7.71, confirming the bearish structure while the MACD death cross at -0.16 keeps downside pressure intact. RSI at 25.93 has reached oversold territory exactly as price tests the lower Bollinger band support near $7.08, creating a short-term volatility exhaustion setup that could produce a relief bounce toward the $7.84 EMA50 before the broader downtrend resumes.