COINOTAG News reports that, per on-chain analyst Yu Jin, secondary investment arm Trend Research of LD Capital moved 1,000,000 PENDLE tokens (approximately $4.78 million) to Binance ten minutes ago, a transaction observable on public ledgers.
Earlier updates show Trend Research routed 203,105 ENS tokens (around $4.72 million) to Binance five minutes prior; those ENS holdings were withdrawn from the exchange on July 23 at a cost basis of $28.82 per token, implying a potential realized loss of roughly $1.133 million if liquidated at current levels.
The combined on-chain transfers represent about $9.5 million in Ethereum-ecosystem exposure; market participants and institutional desks are advised to monitor on-chain flows and order-book depth for execution and liquidity implications.