Suspected Polychain Capital Address Transfers 411.4k PENDLE to FalconX, Unrealized Loss of Approximately $3.99M

BlockBeats News, December 13th, according to on-chain data analyst Yu Jin's monitoring, an address suspected to belong to Polychain Capital transferred all of its holdings, 4.114 million PENDLE, to FalconX 8 hours ago. The institution had previously accumulated approximately $13 million worth of PENDLE at an average price of $3.16 from March to September. Currently, the PENDLE price has fallen to $2.19, resulting in a paper loss of approximately $3.99 million for this position.