🎁🎁Corporate Whale Can Sell the Altcoin It Collected 3 Months Ago on Binance: 40 Percent Loss! 🎁🎁

A wallet owned by Polychain Capital transferred 1.71 million PENDLE to Binance, risking losses of approximately $4.4 million.

According to the latest posts shared by Lookonchain and Spot On Chain on Twitter, a wallet belonging to the cryptocurrency-focused venture capital company Polychain Capital transferred 1.71 million Pendles worth $6.97 million to Binance, the world's largest cryptocurrency exchange. PENDLE) transferred. This transfer brings with it the risk of major losses.

The wallet owned by Polychain Capital purchased 1.71 million PENDLE from Binance for $11.4 million at an average price of $6.7 between April 6 and April 23, 2024. If these tokens are sold at their current prices, the investor will lose 4.4 million dollars at a rate of 39.1% after waiting for approximately 3 months.

Pendle lost 24% of its value in the last 30-day period, but is showing signs of recovery in parallel with the rise in Bitcoin. PENDLE is currently selling for $4.12.

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