Kenetic Capital Deposits $20M Worth of RNDR Tokens to Binance

• Kenetic Capital has deposited the last of its RNDR holdings on Binance. 
• The VC firm is expected to sell its last 4.1 million RNDR (around $20.4 million).
• Kenetic previously transferred a total of 6.6 million RNDR on December 24.

Kenetic Capital, a proprietary trading and VC investment firm focused on digital assets, has deposited around $20 million worth of Render (RNDR) tokens on Binance, the world’s largest crypto exchange by trading volume.

As per the data provided by Spot On Chain, Kenetic Capital, which is the largest institutional holding address for RNDR, deposited the last 4.1 million RNDR (approximately $20.4 million) into Binance on February 14. 

The VC firm transferred a total of 6.6 million RNDR (approximately $32.5 million) on December 24, 2023. According to Colin Wu, a prominent journalist in the digital asset community, the institutional firm has gained $15.95 million from RNDR. 

On the other hand, the price of RNDR has been up 1.2% in the past 24 hours, as per the data from CoinMarketCap. The trading volume of the cryptocurrency has doubled in the same period, while the …

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