Pendle Foundation, BitMEX Co-Founder Moving PENDLE To Binance—What’s Going On?

Quick Summary:

Related Reading: Here Is Why The Bitcoin Bull Run Hasn’t Started, According To Analyst Specifically, over the last three weeks, a big chunk of PENDLE transfers have been moved to Binance, the world’s largest crypto exchange, a net negative for sentiment.   On September 16, the foundation’s governance wallet moved 600,000 PENDLE worth over $2.4 million to Binance.

Related Reading: BlackRock Continues To Buy Bitcoin: Holdings Now Reach 358,000 BTC Worth $22 Billion At press time, the token is up 100% from August lows, and buyers are bent on reclaiming the April 2024 highs at around $7.2.

Over the last four days, Hayes has moved more than $6.5 million of the token to Binance.   Hayes is one of the PENDLE whales.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: United KingdomKenya

Topics: Cryptocurrency Market News PENDLEUSDT PENDLE PENDLE whales Binance PENDLE Price Pendle Foundation Arthur Hayes

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 01:30:04 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 388 words

Reading Time: 3 minutes read

Sentences: 74 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22744155

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