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While the decline in Bitcoin (BTC) and altcoins deepened before the FED decision, whales and large investors also got active.
Accordingly, large on-chain movements were detected in the altcoin named PENDLE.
According to Spot o Chain's post, a sleeping giant PENDLE whale deposited 755 thousand PENDLE worth $ 3.83 to Binance.
Whale withdrew 5.02 million PENDLE ($2.73 million at the time) from Binance on August 18, 2023, when the price was $0.54.
The whale was left with 4.27 million PENDLE worth $21.7 million, with an estimated total profit of $22.8 million (+843%).
Apart from the giant whale, former BitMEX CEO Arthur Hayes, a major PENDLE investor, also locked 1.65 million worth $8.4 million by September 5.
Related News: <a href="https://en.bitcoinsistemi.com/arthur-hayes-made-his-second-purchase-in-the-altcoin-he-praised-for-months-amazing-profit-after-acquisition-of-9-4-million-dollars/" target="_blank" rel="noopener noreferrer nofollow">Arthur Hayes Made His Second Purchase in the Altcoin He Praised for Months! Amazing Profit After Acquisition of 9.4 Million Dollars!</a>
Hayes also has $4.31 million (+113%) unrealized profit in PENDLE.
PENDLE, which has decreased by 3.8% in the last 24 hours, continues to be traded at $ 5.13 at the time of writing.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Big <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PENDLE</a> on-chain movements detected:
 1. A dormant whale deposited 755K <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PENDLE</a> ($3.83M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> ~33 mins ago.
 The whale has 4.27M <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PENDLE</a> ($21.7M) left with an est. total profit of $22.8M (+843%).
 2. Arthur Hayes (<a href="https://twitter.com/CryptoHayes?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CryptoHayes</a>) locked 1.65M <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PENDLE</a> ($8.4M) until Sep 5… <a href="https://t.co/61Ew5uFFAx" rel="noopener noreferrer nofollow">pic.twitter.com/61Ew5uFFAx</a>
 — Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1800446295842427170?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 11, 2024</a>
</blockquote>
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*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/whales-suddenly-became-active-in-this-altcoin-they-made-a-transaction-of-12-million-dollars/" rel="noopener noreferrer nofollow">Whales suddenly became active in this altcoin! They Made a Transaction of 12 Million Dollars!</a>

Whales suddenly became active in this altcoin! They Made a Transaction of 12 Million Dollars!

Bitcoin Sistemi EN

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