Pendle (PENDLE) Whale Alert: $3.8M Dumped on Binance

• Whale deposited 755,000 PENDLE, equivalent to $3.83 million to Binance for profit.
• The same whale withdrew 5.02 million PENDLE, worth $2.73 million on August 18, 2023.
• Arthur Hayes locked 1.65 million PENDLE worth $8.4 million until September 5, 2024.

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.

A whale deposited 755K $PENDLE($3.83M) to #Binance for profit 1 hour ago.

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

— Lookonchain (@lookonchain) June 11, 2024

According to Lookonchain, the same whale withdrew 5.02 million PENDLE, worth $2.73 million, from Binance on August 18, 2023, when PENDLE traded at $0.54. After the recent transfer to Binance, the whale still holds 4.27 million PENDLE, equivalent to $2.17 million, with a total profit of $22.8 million, representing an…

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