One hour ago, wallet 0x3dfe (icrypto.ai/wallet/0x3dfed…) withdrew 2.5 million $RNDR, valued at $14.96 million, from OKX and transferred the entire amount through Wormhole to swap to the Solana chain just 10 minutes ago.
This significant movement occurs in the context of $RNDR undergoing a migration to $RENDER.
The token migration updates reveal that major exchanges like Binance, OKX, Kraken, Huobi, MEXC, and Crypto.com are automatically upgrading all users from $RNDR to $RENDER. Coinbase, however, supports $RENDER but does not automatically upgrade users.
1 hour ago, wallet 0x3dfe (https://t.co/Po03aVTahI) withdrew 2.5M $RNDR ($14.96M) from OKX and has jus transferred that entire amount through Wormhole to swap to the Solana chain 10 minutes ago
This movement occurs in the context of $RNDR undergoing a migration to $RENDER.… pic.twitter.com/3ALsLAnsIX
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 12, 2024
Binance Is Not Delisting $RNDR
Despite recent rumors causing a temporary price dip in $RNDR, Binance is not delisting $RNDR. Instead, it will list $RENDER and ensure a seamless transition for holders. The rebranding effort means that everyone holding $RNDR will receive $RENDER tokens at a 1:1 ratio.
Binance is Not Delisting RNDR 🚨
This is fake news, which has caused the $RNDR dump.
RNDR token is rebranding itself to RENDER, so #Binance will delist #RNDR and list RENDER.
Everyone who holds RNDR will get RENDER tokens at a 1:1 ratio. pic.twitter.com/M3599iolW2— Wise Advice (@wiseadvicesumit) July 12, 2024
This migration is part of a strategic rebranding initiative for the token, aimed at enhancing its market presence and aligning with the evolving digital asset landscape. The swift movement of substantial $RNDR holdings and the support from major exchanges indicate strong institutional backing and confidence in the rebranding process.
Overall, the $RNDR to $RENDER transition highlights the dynamic nature of the cryptocurrency market and the importance of staying informed amidst rapid developments. As $RENDER emerges, investors can expect continued support and seamless transitions from leading exchanges, ensuring stability and trust in the new token.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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