Key Points:
HashKey Group withdraws 178,126 PENDLE tokens from Binance within 30 minutes.
Firm capitalizes on market drop, achieving 297% profit increase.
HashKey now holds 624,804 PENDLE tokens worth $2.74 million.
HashKey Group has executed a strategic withdrawal of 178,126 PENDLE tokens from the renowned exchange, Binance.
The value of this transaction is estimated to be around US$771,000, with each token priced at approximately US$4.33. This maneuver comes on the heels of a significant market event, as the withdrawal swiftly followed a sharp 17% drop in the token's price, triggered by news of the EigenLayer airdrop.
https://twitter.com/spotonchain/status/1785206303041921354
HashKey Group's actions underscore their adept navigation of the volatile crypto landscape. With their keen timing, the venture capital firm capitalized on the price dip, seizing an opportunity to bolster their holdings while prices were favorable. Currently, HashKey Group boasts a substantial portfolio, holding a staggering 624,804 PENDLE tokens, valued at approximately $2.74 million.
Firm's Market Maneuver Yields 297% Profit Surge
HashKey's investment strategy has yielded impressive results, exemplified by their recent profit surge in the PENDLE market. Through their calculated approach of buying low and selling high, the firm has reaped significant rewards, accruing a remarkable profit of approximately $8.46 million. This staggering increase of 297% underscores HashKey Group's prowess in navigating and capitalizing on market fluctuations.
HashKey Group's strategic maneuvers serve as a testament to their shrewd investment acumen. With their ability to seize opportunities amidst market turbulence, the firm remains a formidable player in the ever-changing world of digital assets.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
