Whale 0x97e Makes a Move: Withdraws $3.73M in PENDLE After 6 Months of Inactivity

Key Details:

Whale: 0x97e

Withdrawal: 851,298 PENDLE ($3.73M) from Binance Hot Wallet

Transaction: 0x8eafb42070586b68b3c6af3979fcb54462cf606b755694f70df578662a8741eb

Address: 0x97e2096c62785d3c166db86db7660dcf19f9d617

Background:

Previous Withdrawals: Since December 4, 2023, the whale has withdrawn 1.703M PENDLE from Binance at an average price of $2.787 (estimated cost: $4.75M).

Current Holdings: The whale holds all 1.703M PENDLE ($7.51M) across two wallets with an unrealized profit of $2.76M (+58.2%).

Other PENDLE-holding Address: 0xec0e2b645008b916315c208ae5f6e65f547b19ea

Market Impact:

$PENDLE Price Surge: The PENDLE price has pumped 13.71% in the past 24 hours.

This significant activity by Whale 0x97e, especially after a prolonged period of inactivity, could signal a strategic play. Stay updated for more insights into whale movements and market shifts!