🏦 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 𝗦𝗲𝗰𝗿𝗲𝘁𝗹𝘆 𝗕𝘂𝘆𝗶𝗻𝗴 𝗣𝗘𝗡𝗗𝗟𝗘? $𝟴.𝟯𝗠 𝗪𝗵𝗮𝗹𝗲 𝗧𝗿𝗮𝗰𝗸𝗲𝗱
🚨 A wallet tied to investment firm Arca just made a big move—buying over $8.3 million worth of PENDLE tokens from Binance in just 6 days.
📦 What happened?
2.183 million PENDLE withdrawn from Binance
Avg. buying price: $3.81
Wallet is already $100K in unrealized profit
💼 Why It Matters
Big institutional wallets moving assets off exchanges usually signals strong confidence. They're not looking to flip — they’re holding.
Despite having a past loss of ~$960K on PENDLE, Arca appears to be doubling down. Their method of gradual accumulation over days shows a smart and strategic play, likely to avoid pumping the price during buys.
📈 What It Means for Traders
Institutions don’t ape in without research.
✅ This is a bullish signal for long-term holders.
✅ Lower supply on exchanges can support future price growth.
✅ Keep watching on-chain activity — whales often move before the news.
TL;DR: A major wallet linked to Arca just scooped millions in PENDLE. It’s a classic sign of institutional belief in the project — and possibly a sign of what’s coming next.
#PENDLE