PANews reported on December 13th that, according to on-chain analyst Yu Jin, the institution that accumulated 4.114 million PENDLE tokens (worth $12.26 million)PANews reported on December 13th that, according to on-chain analyst Yu Jin, the institution that accumulated 4.114 million PENDLE tokens (worth $12.26 million)

A wallet suspected to belong to Polychain Capital transferred 4.114 million PENDLE tokens to FalconX, potentially resulting in a loss of $3.25 million.

2025/12/13 10:31

PANews reported on December 13th that, according to on-chain analyst Yu Jin, the institution that accumulated 4.114 million PENDLE tokens (worth $12.26 million) between March and September at an average price of $2.98 was likely Polychain Capital. These PENDLE tokens were all transferred to FalconX eight hours ago, but the price of PENDLE has now fallen to $2.19. This means these PENDLE tokens resulted in a loss of $3.25 million.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.