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Wallet suspected to belong to Polychain Capital transfers 4.114 million PENDLE to FalconX, potentially losing $3.25 million

Summary: According to on-chain analyst Yu Jin, an institution that accumulated 4.114 million PENDLE (worth $12.26 million) at an average price of $2.98 from March to September, likely Polychain Capital, transferred all these PENDLE to FalconX 8 hours ago. However, the current price of PENDLE has dropped to $2.19, resulting in a potential loss of $3.25 ...

According to on-chain analyst Yu Jin, an institution that accumulated 4.114 million PENDLE (worth $12.26 million) at an average price of $2.98 from March to September, likely Polychain Capital, transferred all these PENDLE to FalconX 8 hours ago. However, the current price of PENDLE has dropped to $2.19, resulting in a potential loss of $3.25 million.

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