In a significant development reported by COINOTAG on December 31st, the analytics platform LookIntoChain has observed a substantial transaction involving the withdrawal of 400,000 PENDLE tokens, equivalent to $1.98 million, from Binance by address 0xB757. This latest movement marks a continuation of a notable trend, as this particular whale entity has extracted a total of 1.28 million PENDLE tokens, valued at approximately $6.37 million, from the Binance exchange within the past ten days. Such large withdrawals may indicate strategic positioning or liquidity adjustments by high-net-worth investors within the cryptocurrency market.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024