Pendle token (PENDLE) experienced a further decline of 5% in its value today, adding to recent losses in its price. Amidst this downturn, on-chain reports from Lookonchain shed light on trading activity associated with the token, revealing insights into recent transactions and holder behavior. According to the data, a wallet linked to Arca was observed depositing 549,000 PENDLE tokens, valued at $2.66 million, into Binance approximately 7 hours ago. This move was interpreted as a stop-loss strategy, resulting in a loss of $940,000 for the wallet. Notably, the trading history of this wallet suggests a lack of success in trading
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