A significant whale, previously the second-largest holder of $PENDLE, has begun selling their holdings at an accelerated pace.
In the past 12 hours, this whale transferred 489,000 PENDLE tokens (approximately $1.96 million) to Binance, netting an estimated profit of $1.78 million, with a cost basis of $0.35 and a transfer price of $4.
曾经 $PENDLE 持仓排行第二的巨鲸开始加速卖卖卖了？
过去 12 小时，他再次向 #Binance 充值 48.9 万枚 PENDLE（约 196 万美金），预计获利 178 万美金（成本 $0.35，充值价格 $4）
但 Ai 姨发现出货地址 0xb26…81ED0 曾与灰度有过资金往来，这位 PENDLE 大概率是个机构了🤔 https://t.co/Cjrsh4dG9d pic.twitter.com/EpQW8MXu4k
— Ai 姨 (@ai_9684xtpa) July 25, 2024
Further analysis by Aunt Ai revealed that the address 0xb26…81ED0, responsible for these transactions, had financial interactions with Grayscale, suggesting that the seller might be an institutional entity. Over the past three months, this institution has offloaded a total of 3.44 million PENDLE tokens, valued at $15.38 million.
该机构在过去三个月已累计抛售 344 万枚代币，总价值 1538 万美金
建仓地址 https://t.co/I160xooCt2
出货地址 https://t.co/jnikXkjAzU— Ai 姨 (@ai_9684xtpa) July 25, 2024
Investment firm Arca is also suspected of liquidating its recent holdings in $PENDLE, $LDO, and $BNB, purchased two weeks ago. If sold, these transactions would yield a combined profit of $636,000.
投资机构 Arca(@arca) 疑似清仓两周前买入的 $PENDLE / $LDO / $BNB ，若卖出将获利 63.6 万美金🤠
– LDO：108 万枚，建仓价 $1.63，出货价 $1.67
– PENDLE：50.8 万枚，建仓价 $3.73，出货价 $3.88
– BNB：8699 枚，建仓价 $532，出货价 $591钱包地址：https://t.co/TgQD3aPhe1 https://t.co/5Wh2Y2Hy9w pic.twitter.com/i0SEJI7q35
— Ai 姨 (@ai_9684xtpa) July 25, 2024
The specifics of Arca’s transactions are as follows:
- LDO: 1.08 million tokens, purchased at $1.63 and sold at $1.67, yielding a profit of $43,000.
- PENDLE: 508,000 tokens, purchased at $3.73 and sold at $3.88, generating a profit of $76,000.
- BNB: 8,699 tokens, purchased at $532 and sold at $591, resulting in a profit of $516,000.
清仓的三个山寨币总价值高达 892 万美金，每个代币的营收情况如下👇
– LDO：获利 4.3 万美金
– PENDLE：获利 7.6 万美金
– BNB：获利 51.6 万美金其中 LDO 和 PENDLE 都是 7 小时前充值进交易所的，而 BNB 早在五天前就已完成充值；这行情炒山寨还能赚钱不容易啊😂
— Ai 姨 (@ai_9684xtpa) July 25, 2024
The total value of these liquidated altcoins amounts to $8.92 million. Notably, the LDO and PENDLE tokens were transferred to the exchange seven hours ago, while the BNB tokens were transferred five days ago.
This wave of selling activity by major holders and suspected institutions highlights a bearish sentiment around $PENDLE, $LDO, and $BNB, potentially impacting market dynamics. The swift liquidation by these entities suggests strategic profit-taking, reinforcing the need for investors to stay vigilant in monitoring whale movements and institutional activities in the cryptocurrency market.
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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Image Source: hryshchyshen/123RF // Image Effects by Colorcinch