Polychain Capital related addresses transferred 1.709 million PENDLE to Binance, with a cumulative loss of 4.08 million US dollars

Odaily News According to on-chain analyst Ember, a whale withdrew 1.709 million PENDLE (worth about $11.18 million) from Binance at an average price of $6.54 between April 6 and April 23, and transferred all of these PENDLE to Binance 6 hours ago. It is estimated that if sold, the loss is expected to be $4.08 million (-36%). The address received Gas from the Polychain Capital-related address before transferring PENDLE, so it is likely to belong to Polychain Capital.