On-chain data shows that a certain PENDLE project team or early investor transferred 1.8 million PENDLE tokens (worth approximately $3.83 million) to a major exchange earlier today.



The background of this address is quite interesting—it gradually unlocked these 1.8 million PENDLE tokens through a token vesting contract between April 2022 and April 2023. At that time, the tokens were valued at only $266,000, making them very cheap in comparison.

The key point is that after unlocking, the holder did not rush to sell. Instead, they held onto the tokens, watching their value grow to the current $3.83 million. From $266,000 to $3.83 million, an increase of over 14 times—that's the cost of holding long-term.

Whether today's transfer is a move or just a relocation remains uncertain. But based on historical price comparisons, regardless of what happens next, this PENDLE has already brought significant gains to its holder.
PENDLE0.29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned