.png)
Pendle Drops 7% Amidst Significant On-Chain Movements
The post Pendle Drops 7% Amidst Significant On-Chain Movements appeared on BitcoinEthereumNews.com. Pendle’s value plunged 7% today, coinciding with notable on-chain activities involving major $PENDLE holders. A previously inactive whale moved 755,000 $PENDLE, valued at $3.83 million, to Binance. This whale still holds 4.27 million $PENDLE, worth approximately $21.7 million, with an estimated total profit of $22.8 million, reflecting an 843% gain. Meanwhile, Arthur Hayes (@CryptoHayes) locked 1.65 million $PENDLE, worth $8.4 million, until September 5, just an hour ago. His unrealized profit from these holdings stands at $4.31 million, representing a 113% increase. Big $PENDLE on-chain movements detected: 1. A dormant whale deposited 755K $PENDLE ($3.83M) to #Binance ~33 mins ago. The whale has 4.27M $PENDLE ($21.7M) left with an est. 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 These substantial transactions have likely contributed to Pendle’s price volatility, signaling potential shifts in market sentiment and trading dynamics. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news! Image Source: loft39studio/123RF // Image Effects by Colorcinch Source: https://nulltx.com/pendle-drops-7-amidst-significant-on-chain-movements/
The post Pendle Drops 7% Amidst Significant On-Chain Movements appeared on BitcoinEthereumNews.com.
Pendle’s value plunged 7% today, coinciding with notable on-chain activities involving major $PENDLE holders. A previously inactive whale moved 755,000 $PENDLE, valued at $3.83 million, to Binance. This whale still holds 4.27 million $PENDLE, worth approximately $21.7 million, with an estimated total profit of $22.8 million, reflecting an 843% gain. Meanwhile, Arthur Hayes (@CryptoHayes) locked 1.65 million $PENDLE, worth $8.4 million, until September 5, just an hour ago. His unrealized profit from these holdings stands at $4.31 million, representing a 113% increase. Big $PENDLE on-chain movements detected: 1. A dormant whale deposited 755K $PENDLE ($3.83M) to #Binance ~33 mins ago. The whale has 4.27M $PENDLE ($21.7M) left with an est. 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 These substantial transactions have likely contributed to Pendle’s price volatility, signaling potential shifts in market sentiment and trading dynamics. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news! Image Source: loft39studio/123RF // Image Effects by Colorcinch Source: https://nulltx.com/pendle-drops-7-amidst-significant-on-chain-movements/
What's Your Reaction?
