According to Loononchain data, a whale cryptocurrency wallet appears to have made an extremely profitable transaction on Binance.
According to analysts, the whale in question deposited 1.2 million Pendle (PENDLE) tokens to Binance approximately 4 hours ago. The value of these tokens at the time of writing this article is around 6.74 million dollars. However, the whale wallet still has 2.23 million PENDLE, that is, 12.3 million dollars worth of tokens.
The whale wallet in question collected 3.21 million PENDLE tokens, a portion of its PENDLE tokens, between February 9 and April 22, 2023, when the PENDLE price was $ 0.27. These tokens were purchased by the whale by paying 869,757 USDC, and a total of 3.21 million PENDLE tokens were transferred to the wallet. Then, in his next transaction, on April 27 last year, he bought 111,055 PENDLE tokens through Gateio, paying 226 thousand dollars, when the PENDLE price was 0.49 dollars.
The intriguing whale's total profit level from PENDLE trades is thought to be $18 million. This means that the whale made a profit of 1841%.
*This is not investment advice.