Lookonchain's data shows that three whales dumped 2.03M UNI tokens, equivalent to $20M, causing a price drop of approximately 17%. This was triggered by Uniswap Labs receiving a Wells Notice from the SEC. Two whales, known as 0x2F8b and 0x3555, deposited 1.25M UNI tokens ($11.7M) received from Binance on March 3, 2023, back to Binance. If they sell, they stand to make around $3.5M. Another whale, 0x4A0B, sold 472,691 UNI for 4.59M USDC at $9.71, making a profit of $1.67M. Additionally, six wallets deposited 316,430 UNI ($3.16M) to Binance.

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