Binance, the world's largest cryptocurrency exchange, announced that it has listed the altcoin named Pendle (PENDLE) in the Innovation zone today morning.
Binance said in its statement that withdrawals for PENDLE will begin on 04.07.2023 at 10 UTC.
Following the Binance listing announcement, it added PENDLE to Launchpool and announced that PENDLE is its 35th Project in Binance Launchpool.
After these announcements by Binance, whale movements started in PENDLE.
Popular cryptocurrency platform Lookonchain said in its post that three whales deposited significant amounts of PENDLE into Binance after Binance listed PENDLE.
Pointing out that there is sales pressure on PENDLE, Lookonchain stated that these whales will probably sell.
“Watch out for the selling pressure on PENDLE!
The 3 whales have deposited a total of 5.6 million PENDLE ($6.5 million) in the last 2-3 hours and will likely sell after the trade opens.
The whale named Hashkey invested 2.4 million PENDLE worth $2.8 million on Binance. The average cost of this whale was $0.04.
Whale 0x5542 invested 2.19 million PENDLE worth 2.54 million dollars on Binance. The cost of the whale was $0.06.
Finally, the whale named 0xa9E9 deposited 1 million PENDLE with a value of $ 1.16 million from the Vesting Distributor wallet to Binance.”
https://twitter.com/lookonchain/status/16775788321732308993
PENDLE continues to trade at $1.03 at the time of writing.
*Not investment advice.
