A wallet suspected to belong to Polychain Capital transferred 4.114 million PENDLE tokens to FalconX, potentially resulting in a loss of $3.25 million.
2025-12-13 02:34
According to Odaily Planet Daily, based on monitoring by on-chain analyst Yu Jin, the institution that accumulated 4.114 million PENDLE tokens (worth $12.26 million) at an average price of $2.98 between March and September is likely Polychain Capital. These PENDLE tokens were all transferred to FalconX eight hours ago, but the price of PENDLE has now fallen to $2.19. This means these PENDLE tokens resulted in a loss of $3.25 million.
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