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Suspected Polychain Capital wallet transferred out 4,114,000 PENDLE, potentially a loss of 3.25 million USD
According to reports from HashChain, on-chain analyst Yu Yan monitored that between March and September, an entity believed to be Polychain Capital accumulated 4.114 million PENDLE at an average price of $2.98 (worth $12.26 million). These PENDLE were all transferred to FalconX eight hours ago. However, the current price of PENDLE has dropped to $2.19, which means these PENDLE may have resulted in a loss of $3.25 million.
$PENDLE #Cryptocurrency #Blockchain #CryptoLoss #PolychainCapital #FalconX