Lookonchain, an on-chain analytics platform, has detected significant trades involving PENDLE, the native cryptocurrency of the Pendle protocol. The platform identified a whale who deposited 755,000 PENDLE, equivalent to $3.83 million, to Binance for profit-taking.
It’s captured below:
A whale deposited 755K $PENDLE($3.83M) to #Binance for profit 1 hour ago.
— Lookonchain (@lookonchain) June 11, 2024
The whale withdrew 5.02M $PENDLE($2.73M at the time) from #Binance on Aug 18, 2023, when the price was $0.54.
He currently has 4.27M $PENDLE($21.7M) left, with a total profit of $22.8M(+834%)!… pic.twitter.com/hfmtvOEwsc
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