Pendle

Millions

Spartan

Shiba Inu

Spot

<p>Major activity seems afoot in the decentralized future yield tokenization protocol Pendle based on the latest on-chain data and transaction flows.</p> 
<p>Over the past day, analysts at Spot On Chain <a href="https://twitter.com/spotonchain/status/1752544247746871640" target="_blank" rel="noreferrer noopener nofollow">detected </a><strong>4.043 million PENDLE tokens worth $10.97 million deposited to Binance</strong> from large institutions like Spartan Group.</p> 
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<p>1.98 million PENDLE was moved by Spartan Group, and 600,000 PENDLE was likely done by the Pendlefi team.</p> 
<p>An <strong>additional 23.92 million PENDLE tokens worth $64.3 million are</strong> remaining in four wallets for potential distribution.</p> 
<p>Further stirring volatility, a separate <a href="https://platform.spotonchain.com/en/signal-details/whale-dumped-all-pepe-22663" target="_blank" rel="noreferrer noopener nofollow">report </a>showed an Ethereum whale dumping <strong>1.731 trillion PEPE tokens worth $1.74 million</strong> to realize an 85% profit overnight. Sharp upticks in distribution flows tend to pressure prices in the short run.</p> 
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<p>So while positive tailwinds lifted Pendle recently around adoption milestones, the amplified activity by prominent holders forewarns of turbulence ahead. With bases loaded on major exchanges, the stage looks set for heavy price swings on both sides.</p> 
<p>Pendle specifically remains prone to aggressive volatility, given its still-limited liquidity profile in the crypto market. Traders must prepare by implementing disciplined risk measures for navigating the newly choppy conditions.</p> 
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<p>The post <a href="https://captainaltcoin.com/whales-dump-millions-in-pepe-and-this-altcoin/">Whales Dump Millions in PEPE And This Altcoin</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Whales Dump Millions in PEPE And This Altcoin

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