🔄💸 Pendle Finance's Ecosystem Fund Withdraws $PENDLE from Crypto.com! 📈

📜 Transaction Details:

Transaction ID: 0xe2cdd3d0574563cddb2af0313127d4e4dbdf8b08a84b9e9b2652fc1644f2756e

Address: 0x399be606db281a054e359eb709df9f21e922ec9a

Withdrawal: 999,990 PENDLE ($3.42M) from Crypto.com

🔍 Key Observations:

Recent Movement: In the past 7 days, the project's wallet:

Moved 1M PENDLE to Binance at $4.02 ($4.02M) on July 4, 2024.

Withdrew back 1M PENDLE from Crypto.com at a lower price of $3.42 ($3.42M) .

Current Holdings: Pendle Finance's Ecosystem Fund currently holds 19.16M PENDLE ($65.53M).

💡 Notable Insight:

This is the first PENDLE withdrawal from a CEX by the project's wallet in 2024, indicating potential strategic adjustments in their asset management.