According to COINOTAG on August 23 and on-chain monitoring by Onchain Lens, secondary investment arm Trend Research of LD Capital withdrew 1,000,000 PENDLE tokens from Binance, a transfer timestamped about 15 minutes before the report and valued at roughly $5.83 million based on prevailing market prices at the time of the observation.

The verified on-chain movement highlights a notable liquidity shift and wallet consolidation event; such withdrawals may reduce centralized exchange depth and alter short-term order-book dynamics. Market participants are advised to rely on authenticated on-chain data and continued tracking of PENDLE flows and Binance custody levels rather than conjecture about intent or strategy.