TechFlow reports, according to on-chain analyst Yujing's monitoring, that a smart money investor bought PENDLE at last year's June low point and sold it recently around the time of its Binance listing, realizing a 16x return (approximately $680,000 in value).
It is understood that this smart money investor spent 43,052 USDC last June to purchase 877,874 PENDLE tokens at an average price of $0.049; from April 16 to July 3, they gradually transferred PENDLE to MEXC and Bitget, possibly selling at an average price of $0.79, achieving a profit of $680,000 (16x return).
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