On-chain analyst Yu Jin reports a $6.44 million transfer of PENDLE tokens from Pendle’s multisig wallet to Binance, adding to the growing market activity surrounding the token.
On September 19, Pendle’s multisig wallet transferred 1.2 million PENDLE tokens, valued at approximately $6.44 million, to Binance, as observed by on-chain analyst Yu Jin. This transfer marks a significant movement of the token, following a strong market performance where Pendle surged above $5 amidst record trading volumes and DeFi TVL figures.