Just 4 hours ago, Pendle Finance’s Governance Multisig 0x8119ec16f0573b7dac7c0cb94eb504fb32456ee1 deposited 600K PENDLE (worth $3.31M) to Binance.
Here’s a quick look at the action:
Since October 25, 2023, this multisig wallet has sent a total of 4.32M PENDLE ($15.4M) to Binance, averaging around $3.572 per token across 8 deposits (including today’s). Historically, PENDLE’s price dipped after each heavy deposit, especially between January 31 and March 16, when there was frequent unloading. However, as deposits slowed, the price stabilized. As of now, the multisig wallet still holds 10.35M PENDLE ($56.63M).
On another front, Tether Treasury has been busy, injecting 460M USDT into various exchanges on Ethereum in the last 12 hours.
Here’s the breakdown:
205M USDT went directly to Bitfinex and Kraken.255M USDT was routed via wallet 0x1dbbbc3fdb2c4fabd28fd9b84ed99ceb84bfbec5 (likely managed by Cumberland DWR), with 175.5M USDT going to Coinbase, 37.2M USDT to Kraken, 25M USDT to Binance, and 17.3M USDT to OKX.
Tether Treasury's address: 0x5754284f345afc66a98fbb0a0afe71e0f007b949
In total, over the past 2 days, Tether Treasury has infused 2.326B USDT into the Ethereum-based crypto market, leaving 243.68M USDT in reserve.
These moves point to substantial capital shifts, with Pendle Finance managing its Binance holdings and Tether actively increasing liquidity across exchanges.
