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OnchainLens Detects Trend Research Wallets Depositing $9.5 Million in Crypto to Binance

Two wallets linked to Trend Research transfer 1 million PENDLE and 203,100 ENS, incurring losses of over $1.9 million in total.

ENS
PENDLE

Summary

On Sept. 1, OnchainLens identified two wallets associated with Trend Research depositing 1,000,000 PENDLE (~$4.8M) and 203,100 ENS (~$4.73M) to Binance. The transactions incurred losses of approximately $1.12M on PENDLE and $808,000 on ENS. The wallet addresses involved are 0x8b0e4a56b3bc5ecbbaff8c64b06967c25af1f319 and 0x4F62bF3A8ef0383a2df8Effe08c6595433f4BC2E.

Terms & Concepts
  • PENDLE: A governance token of the Pendle Protocol, which allows the tokenization and trading of tokenized future yield.
  • ENS: The Ethereum Name Service (ENS) is a decentralized naming system that maps human-readable names to Ethereum addresses.