It is suspected that the Polychain Capital address has transferred all $11.18 million PENDLE purchased in April to CEX, potentially resulting in a loss of $4.08 million
According to Ember monitoring, a certain whale withdrew 1.709 million PENDLE from CEX at an average price of $6.54 during the high period from 4/6-4/23 (worth about $11.18 million), and transferred all these PENDLE back into CEX six hours ago. It is estimated that if sold, it will realize a loss of $4.08 million (-36%). This address received Gas from a Polychain Capital associated address before transferring PENDLE, so it is very likely that this address belongs to Polychain Capital.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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