Whale Awakened After 6 Months with Large Binance Purchase, Altcoin Price Jumped Up!

6 months later, Balina played a major role in the price increase by 15% by withdrawing a large amount of Pendle from Binance.

According to the post shared by on-chain data and analysis platform Spot On Chain on Twitter on July 15, a whale withdrew 851,298 Pendles (PENDLE) worth $3.73 million from Binance, the world's largest cryptocurrency exchange, after 6 months of inactivity. In parallel with the transfer in question, the PENDLE price recovered by approximately 15%.

The whale in question currently holds 1.703 million Pendles worth $7.51 million. Whale has also made unrealized profits worth $2.76 million, corresponding to 58.2% in this position.

This large-scale transaction and the subsequent price movement aroused great interest in PENDLE specifically. Analysts predict that this transfer may create more volatility on the market and encourage other investors to take similar steps.

According to CoinGecko data, it is trading at $4.44 at the time of writing, showing an upward performance of 14.1% in the last 24 hours.