On-chain data reveals continued PENDLE accumulation by six addresses since March, with withdrawals from Binance contributing to a 44% unrealized profit margin.
On-chain data indicated that whales or institutions withdrew 483,000 PENDLE tokens (~$2.2 million) from Binance in the past hour. Since late March, six addresses have accumulated a total of 4.071 million PENDLE worth approximately $18.56 million, at an average price of $3.16. This accumulation has resulted in $5.7 million in unrealized gains, representing a 44% profit.