The suspected Polychain Capital address transferred all the $11.18 million PENDLE positions built in April to Binance, resulting in a loss of $4.08 million

BlockBeats reported that on July 24, according to Ember’s monitoring, a whale withdrew 1.709 million PENDLE (worth approximately $11.18 million) from Binance at an average price of $6.54 during the high period between 4/6 and 4/23, and transferred all of these PENDLE to Binance 6 hours ago. It is estimated that if sold, a loss of $4.08 million (-36%) will be realized.

This address received Gas from a Polychain Capital-related address before transferring PENDLE, so it is likely that this address belongs to Polychain Capital.