Render

Spot

Coin

<ul class="news-points"> 
 <li>Kenetic Capital has deposited the last of its RNDR holdings on Binance.&nbsp;</li> 
 <li>The VC firm is expected to sell its last 4.1 million RNDR (around $20.4 million).</li> 
 <li>Kenetic previously transferred a total of 6.6 million RNDR on December 24.</li> 
</ul> 
Kenetic Capital, a proprietary trading and VC investment firm focused on digital assets, has deposited around $20 million worth of Render (RNDR) tokens on Binance, the world’s largest crypto exchange by trading volume. 
As per the <a href="https://platform.spotonchain.ai/en/entity/164" target="_blank" rel="nofollow">data</a> provided by Spot On Chain, Kenetic Capital, which is the largest institutional holding address for RNDR, deposited the last 4.1 million RNDR (approximately $20.4 million) into Binance on February 14.&nbsp; 
The VC firm <a href="https://etherscan.io/token/0x6de037ef9ad2725eb40118bb1702ebb27e4aeb24?a=0xf265faa1fe24e94f955321d9966e932732e3eb65" target="_blank" rel="nofollow">transferred</a> a total of 6.6 million RNDR (approximately $32.5 million) on December 24, 2023. According to Colin Wu, a prominent journalist in the digital asset community, the institutional firm has gained $15.95 million from RNDR.&nbsp; 
On the other hand, the price of RNDR has been up 1.2% in the past 24 hours, as per the<a href="https://coinmarketcap.com/currencies/render/" target="_blank" rel="nofollow"> data</a> from CoinMarketCap. The trading volume of the cryptocurrency has doubled in the same period, while the …
The post <a href="https://coinedition.com/kenetic-capital-deposits-20m-worth-of-rndr-tokens-to-binance/">Kenetic Capital Deposits $20M Worth of RNDR Tokens to Binance</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Kenetic Capital Deposits $20M Worth of RNDR Tokens to Binance

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