While the decline in Bitcoin (BTC) and altcoins deepened before the FED decision, whales and large investors also got active.
Accordingly, large on-chain movements were detected in the altcoin named PENDLE.
According to Spot o Chain's post, a sleeping giant PENDLE whale deposited 755 thousand PENDLE worth $ 3.83 to Binance.
Whale withdrew 5.02 million PENDLE ($2.73 million at the time) from Binance on August 18, 2023, when the price was $0.54.
The whale was left with 4.27 million PENDLE worth $21.7 million, with an estimated total profit of $22.8 million (+843%).
Apart from the giant whale, former BitMEX CEO Arthur Hayes, a major PENDLE investor, also locked 1.65 million worth $8.4 million by September 5.
Hayes also has $4.31 million (+113%) unrealized profit in PENDLE.
PENDLE, which has decreased by 3.8% in the last 24 hours, continues to be traded at $ 5.13 at the time of writing.
Big $PENDLE on-chain movements detected:
1. A dormant whale deposited 755K $PENDLE ($3.83M) to #Binance ~33 mins ago.
The whale has 4.27M $PENDLE ($21.7M) left with an est. total profit of $22.8M (+843%).
2. Arthur Hayes (@CryptoHayes) locked 1.65M $PENDLE ($8.4M) until Sep 5… pic.twitter.com/61Ew5uFFAx
— Spot On Chain (@spotonchain) June 11, 2024
*This is not investment advice.
