If you look a bit closer at the UNY numbers for the last 10 days on Livecoin, you'll notice that the trading volume was insignificant during the brief downtrend, so I wouldnt worry much about it. I would have bought the dip heavily if I had more BTC available in time.

Whily UNY went up hard and fast, the daily volume on BTC market of Livecoin alone was around 25 - 55 million UNY up until 0.00001285 BTC per UNY. According to coinmarketcap, that Livecoin BTC market is about 66% of all UNY trading, so the actual daily volume peak was about 90 million UNY on the top uptrend day - which is like half the circulating supply!
 
During the zigzag / downtrend in the last 2 days the volume was only 2-4 million per day, which is next to nothing. Ronnie Moas recommended not doing any trading during the swap (which btw seems delayed!), other than maybe take a little profit at will, which sounds like sound advice. So a few people took profits, most people will simply wait at least the 30-90 days it should take for everything to take off.

Uninformed and scared people sold since they thought it's a pump and dump, or because there are other uncertainty factors, like C-CEX being mostly a scam operations these days, and there being so little official information, which wasn't even supposed to be published yet.