Shift

Value

<p>­Recently, a significant whale event has taken place in the crypto market. Lookonchain, a well-known on-chain analytics provider, has highlighted the activities of an altcoin whale that has transacted a huge amount of $PENDLE tokens. The analytics platform took to its official account on X to provide the details of this event.</p>
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   <p lang="en" dir="ltr">A whale transferred out 1.1M <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PENDLE</a>($3.8M) in the past hour(will deposit it into <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> for sale), leaving 1M <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PENDLE</a>($3.5M).<br><br>This whale bought 3.44M <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PENDLE</a> from CEX and DEX from Feb 9 to Apr 27, 2023, with an average price of only $0.32.<a href="https://t.co/xnGArUHzYJ" target="_blank" rel="noopener noreferrer nofollow">https://t.co/xnGArUHzYJ</a> <a href="https://t.co/QdsXxNbNFn" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/QdsXxNbNFn</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1810152704129564708?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 8, 2024</a>
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<h2 class="wp-block-heading" id="a-whale-shift-1-1m-pendle-altcoin-to-deposit-into-binance">A Whale Shift 1.1M $PENDLE Altcoin to Deposit into Binance</h2>
<p>In its latest X post, <a href="https://www.lookonchain.com/" target="_blank" rel="noopener noreferrer nofollow">Lookonchain</a> noted that the amount of the transaction equals 1.1 million $PENDLE coins. The respective figure reportedly accounts for up to $3.8 million. According to Lookonchain, the respective transaction has taken place in the recent hour. In line with the expectation, the whale will deposit these tokens to the well-known crypto exchange Binance for sale.</p>
<p>Irrespective of the massive transaction, the whale even now holds an amount of nearly 1M $PENDLE. This figure equals approximately $3.5 million. In line with this activity, it seems that the whale has a remarkable stake in the $PENDLE token. Apart from that, it reflects the whale’s strategic trading and investment maneuvers. The whale reportedly started dealing with $PENDLE earlier in 2023.</p>
<h2 class="wp-block-heading" id="the-activity-reveals-the-whale-s-confidence-in-pendle-s-long-term-value">The Activity Reveals the Whale’s Confidence in $PENDLE’s Long-Term Value</h2>
<p>It obtained a cumulative 3.44M $PENDLE coins from February 9 to April 27 last year. The whale carried out these acquisitions via <a href="https://blockchainreporter.net/glossary/decentralized-exchange-dex/" data-type="glossary" data-id="21007" rel="noopener noreferrer nofollow">decentralized</a> and <a href="https://blockchainreporter.net/glossary/centralized-exchange-cex/" data-type="glossary" data-id="21004" rel="noopener noreferrer nofollow">centralized exchanges</a> at $0.32 as an average price. This move is noteworthy in line with some reasons. The transaction of such a big $PENDLE amount into Binance signifies a continuous interest in the respective asset. This potentially suggests the whale’s confidence in $PENDLE’s long-term value.</p>

Altcoin Whale Transacts 1.1M $PENDLE to Deposit into Binance

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