BlockBeats News, August 31st, according to on-chain analyst Yujin Monitoring, Trend Research, a secondary investment institution under LD Capital, transferred 1 million PENDLE tokens (worth $4.78 million) purchased a week ago to Binance 10 minutes ago. They may be planning to sell off the Ethereum ecosystem tokens they had been hoarding.
Previously reported, Trend Research transferred 203,105 ENS tokens (worth $4.72 million) to Binance. These tokens were withdrawn from Binance on July 23rd at a price of $28.82. If sold, it would result in a loss of $1.133 million.