Whale Nets $8.16M Profit After PENDLE Surge; Major Holders Offload $22M Amid Price Spike

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In the past five hours, Whale 0x41d made a profitable exit from PENDLE, selling 1.295 million tokens for 7.613 million USDT at an average rate of $5.878. This strategic sale follows the whale’s initial investment of 1.595 million PENDLE, bought between July 29 and November 11, 2023, with just $1.2 million in USDT and USDC at an average price of $0.752 per token. Following this sale, the whale retains 300,000 PENDLE, valued at around $1.75 million. With an estimated profit of $8.16 million, this transaction reflects a remarkable 680% return. Notably, PENDLE’s price has surged by 42% in the last

The post Whale Nets $8.16M Profit After PENDLE Surge; Major Holders Offload $22M Amid Price Spike appeared first on The Merkle News.

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