Whales Spark Activity in Altcoin with 12 Million Transaction

Cryptocurrency News
Altcoin
Whales Stir Up Activity in PENDLE with a Massive $12 Million Transaction!
Whales have suddenly sprung into action in the altcoin known as PENDLE, making a significant transaction of $12 million!
Author:
Elif Azra Güven
11.06.2024 – 11:42
Update:
6 seconds ago
0
As Bitcoin (BTC) and other altcoins experienced a downturn ahead of the FED decision, whales and prominent investors have also entered the fray.
Significant on-chain movements have been observed in the PENDLE altcoin.
According to a report from Spot on Chain, a dormant PENDLE whale made a deposit of 755 thousand PENDLE valued at $3.83 million to Binance.
This whale withdrew 5.02 million PENDLE (equivalent to $2.73 million at the time) from Binance on August 18, 2023, when the price stood at $0.54.
After the transaction, the whale was left with 4.27 million PENDLE valued at $21.7 million, resulting in an estimated total profit of $22.8 million (+843%).
In addition to this significant whale, former BitMEX CEO Arthur Hayes, a key PENDLE investor, also secured 1.65 million PENDLE worth $8.4 million by September 5.
Related News
Arthur Hayes Makes Another Major Investment in PENDLE, Garnering an Impressive $9.4 Million Profit!
Hayes currently holds an unrealized profit of $4.31 million (+113%) in PENDLE.
PENDLE, which has experienced a 3.8% decrease in the last 24 hours, is currently trading at $5.13.
Big on-chain movements detected in $PENDLE:
1. A dormant whale deposited 755K $PENDLE ($3.83M) to #Binance ~33 minutes ago. The whale now holds 4.27M $PENDLE ($21.7M) with an estimated total profit of $22.8M (+843%).
2. Arthur Hayes (@CryptoHayes) locked 1.65M $PENDLE ($8.4M) until Sep 5…
pic.twitter.com/61Ew5uFFAx
— Spot On Chain (@spotonchain)
June 11, 2024
*This is not investment advice.
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