Interesting on-chain activity has occurred. A large holder sold 798,700 UNI at a price of $5.33 five days ago, cashing out $4.26 million. Subsequently, the market adjusted, and the price dropped to $4.83. This player didn't sit idle — just five hours ago, they bought back 757,600 UNI at a cost of $3.66 million.

The logic behind this operation is quite clear: sell high, buy low. The time difference and price gap between the two transactions are quite interesting — from $5.33 to $4.83, a decline of nearly 10%. Buying back more UNI with less money, this is the digital game played by on-chain whales. Of course, this also reflects the recent market volatility of UNI and the sharp reactions of participants.