Arca Withdraws $8.31 Million Worth of PENDLE Tokens from Binance in Six Days

According to data from EmberCN, digital asset investment firm Arca has executed a significant withdrawal of 2,183,000 PENDLE tokens from Binance over the last six days. The total value of these assets is estimated at approximately $8.31 million, based on a withdrawal price of $3.8 per token. This sizable movement highlights Arca’s strategic asset management within the crypto market. Monitoring such large-scale transactions is crucial for investors seeking insights into institutional behavior and market liquidity. The withdrawal underscores the ongoing dynamics in the digital asset ecosystem, reflecting shifts in portfolio allocations by prominent investment entities.