🚨💥 A significant crypto whale moved $3.8 million worth of PENDLE tokens to Binance earlier today.

This transaction involved 1.1 million PENDLE tokens, according to Lookonchain. The whale retains 1 million PENDLE, valued at approximately $3.5 million.

This whale’s activity extends beyond recent transfers. Between February 9 and April 27, 2023, the whale accumulated 3.44 million PENDLE tokens from centralized and decentralized exchanges. The average purchase price during this period was $0.32 per token.

These transactions imply the whale plans to sell a portion of their holdings. Large sales by whales can impact market prices and sentiment. Other market participants watch these movements closely, anticipating possible price shifts.