Two major holders of the Pendle token liquidated their positions, sending the price of the token down by 12% in the past 24 hours and 33% in the past 7 days

A noteworthy transaction involving a major holder of Pendle tokens has emerged in the cryptocurrency market. Yesterday, an early investor deposited

A large transaction involving the second-biggest holder of Pendle (PENDLE) tokens has been spotted on the crypto scene.

The wallet, which once held 4,272,241 PENDLE, has just transferred 720,000 tokens to Binance. This transaction, if sold, could net the holder a tidy sum of $2,275,000.

The second-largest $PENDLE holder is now moving 720k $PENDLE to Binance (could be a sell-out if sold at once).

If sold, the profit will be $2,275,000.

This whale bought 4,272,241 $PENDLE in batches at an average price of $0.35 between Feb 8 – Oct 20, 2023. He still has 1.37M $PENDLE left.

(Via https://t.co/I160xooCt2) pic.twitter.com/rkV8cgsGl1

— Ai 姨 (@ai_9684xtpa) July 8, 2024

The wallet acquired the tokens in several tranches at an average price of $0.35 between February 8 and October 20, 2023. Notably, the holder still has 1,370,667 PENDLE remaining.

This transaction comes as the price of PENDLE has dropped by 12% in 24 hours and 33% over the past seven days. Notably, large transactions by major holders can significantly impact a token’s price.

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