According to Golden Finance, according to the monitoring of on-chain analyst @ai_9684xtpa, the whale that once ranked second in PENDLE holdings recharged 489,000 PENDLE (about 1.96 million US dollars) to Binance in the past 12 hours, with an estimated profit of 1.78 million US dollars (cost 0.35 US dollars, recharge price 4 US dollars). The shipping address starting with 0xb26 has had financial transactions with Grayscale. The PENDLE whale is most likely an institution.