A wallet suspected to belong to Polychain Capital transferred 4.114 million PENDLE to FalconX, potentially incurring a loss of 3.25 million dollars
According to on-chain analyst Yu Jin's monitoring, an institution, likely Polychain Capital, accumulated 4.114 million PENDLE (worth $12.26 million) at an average price of $2.98 from March to September. All of these PENDLE were transferred to FalconX eight hours ago, but the current PENDLE price has dropped to $2.19. This means these PENDLE have incurred a loss of $3.25 million.
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