Pendle Investor or Team Address Transfers 1.8 Million PENDLE to Bybit, Worth Approximately $3.83 Million

Odaily News, according to on-chain analyst Yu Jin's monitoring, a Pendle investor or team address transferred 1.8 million PENDLE (approximately $3.83 million) to Bybit 7 hours ago. This address received these 1.8 million PENDLE from the Pendle token vesting contract between April 2022 and April 2023, when they were worth only $266,000. After unlocking, the address did not sell immediately but held them until now, with the value growing from $266,000 to $3.83 million.