Recently, an on-chain analysis expert revealed a secret investment operation that lasted for six months. An unidentified large-scale investor quietly began a strategic layout for PENDLE Token at the end of March this year.
This investor's approach is extremely cautious and systematic. Starting when the price of PENDLE was just $2.7, they adopted a strategy of gradually transferring Tokens from the Binance exchange to an on-chain wallet. This behavior has continued for several months, demonstrating the investor's long-term optimism for the PENDLE project.
The latest data shows that on September 3rd, this investor transferred approximately 2.2 million USD worth of 483,000 PENDLE from the exchange. By tracking six associated wallet addresses, analysts discovered that this mysterious whale has accumulated a total of 4.071 million PENDLE tokens, which is worth nearly 19 million USD at current market prices.
What's more striking is that the investor's average buying cost is only around $3.16. Considering the current market price of PENDLE, this means they have already realized a paper profit of over $5.7 million, with a return on investment as high as 44%.
Experts point out that such long-term and continuous funding is clearly not a short-term speculative behavior. The persistent buying and transferring of tokens on-chain over the past six months clearly demonstrates investors' strong confidence in the future development prospects of PENDLE. Choosing to transfer tokens from centralized exchanges to the blockchain not only indicates the intention of long-term holding but also prepares for possible participation in staking and governance activities within the PENDLE ecosystem in the future.
The continuous inflow of this 'smart money' undoubtedly brings positive signals for PENDLE's market prospects. With the exposure of this important investment behavior, the market generally holds an optimistic attitude towards PENDLE's future trends. However, the inherent high-risk characteristics of the cryptocurrency market still exist, and investors need to remain cautious and consider all factors comprehensively when making decisions.
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TokenomicsTrapper
· 21h ago
classic whales accumulating before the dump... seen this movie before smh
Reply0
HashRateHermit
· 09-05 18:56
To be fair, it has to be the pro who understands it well.
View OriginalReply0
ImpermanentPhilosopher
· 09-03 12:50
Bull Large Investors! Just love to see this kind of new suckers.
View OriginalReply0
MidnightMEVeater
· 09-03 12:50
Good morning, the Cut Loss feast has started on time.
Recently, an on-chain analysis expert revealed a secret investment operation that lasted for six months. An unidentified large-scale investor quietly began a strategic layout for PENDLE Token at the end of March this year.
This investor's approach is extremely cautious and systematic. Starting when the price of PENDLE was just $2.7, they adopted a strategy of gradually transferring Tokens from the Binance exchange to an on-chain wallet. This behavior has continued for several months, demonstrating the investor's long-term optimism for the PENDLE project.
The latest data shows that on September 3rd, this investor transferred approximately 2.2 million USD worth of 483,000 PENDLE from the exchange. By tracking six associated wallet addresses, analysts discovered that this mysterious whale has accumulated a total of 4.071 million PENDLE tokens, which is worth nearly 19 million USD at current market prices.
What's more striking is that the investor's average buying cost is only around $3.16. Considering the current market price of PENDLE, this means they have already realized a paper profit of over $5.7 million, with a return on investment as high as 44%.
Experts point out that such long-term and continuous funding is clearly not a short-term speculative behavior. The persistent buying and transferring of tokens on-chain over the past six months clearly demonstrates investors' strong confidence in the future development prospects of PENDLE. Choosing to transfer tokens from centralized exchanges to the blockchain not only indicates the intention of long-term holding but also prepares for possible participation in staking and governance activities within the PENDLE ecosystem in the future.
The continuous inflow of this 'smart money' undoubtedly brings positive signals for PENDLE's market prospects. With the exposure of this important investment behavior, the market generally holds an optimistic attitude towards PENDLE's future trends. However, the inherent high-risk characteristics of the cryptocurrency market still exist, and investors need to remain cautious and consider all factors comprehensively when making decisions.