🔥🔥A Whale Started to Unload the Altcoin That the Team Created Selling Pressure With Profit! 🔥🔥

According to the Twitter post of Lookonchain, an on-chain data platform, dated November 12, a whale sold 1 million 295 thousand Pendle (PENDLE) in a short time and earned $7 million 610 thousand. This whale had bought 1 million 595 thousand Pendle for only $1 million 200 thousand between July 29 and November 11, 2023. Now, he has 300 thousand Pendles worth $1 million 750 thousand in his hands, making a total profit of $8 million 160 thousand.

In parallel with the 42% increase in the Pendle price in the last 7 days, 4 major investors, including three team-affiliated wallets and the whale mentioned above, offered a total of 3 million 920 thousand Pendles for sale for $22 million via Binance and decentralized exchanges (DEX).

In parallel with these sales movements, the Pendle team also transferred 1.4 million PENDLE tokens (worth approximately $7.74 million) to Binance. It is estimated that there may be significant selling pressure in this rising altcoin and the price may experience a correction accordingly.

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