UNI fell 10% after 3.72 million tokens valued at $12.63 million were transferred to major exchanges over the past 23 hours, a flow tracked by on-chain analyst Ember CN. The tokens were moved via Cumberland, a market maker (firm that provides trading liquidity), to Binance, Coinbase, OKX and Bybit. During the move, UNI dropped from $3.59 to $3.22, suggesting the market was reacting to fresh exchange inflows, which traders often watch as a potential sign of rising sell-side supply.