HashKey’s strategic PENDLE transactions highlight long-term market confidence and trading expertise.
PENDLE remains a top DeFi protocol despite recent TVL challenges.
Lookonchain revealed a major transaction by hki.eth, a HashKey-owned wallet, who bought $2.21 million for 583,074 PENDLE tokens. HashKey has shown a sharp ability to acquire PENDLE at cheap prices and sell it at high prices, previously earning around $9.96 million from PENDLE deals.
Binance received all 624,804 PENDLE tokens from HashKey at the end of May. Since then, the token’s price has fallen, but there has been significant whale activity, signaling long-term optimism in the probable revival of altcoin bull markets.
hki.eth(#HashKey) bought 583,074 $PENDLE($2.21M) again 20 minutes ago!#HashKey is very good at buying $PENDLE at low prices and selling at highs, making a total profit of ~$9.96M on $PENDLE before!https://t.co/sZ2cKsPmUC pic.twitter.com/56wY5UtQoF
— Lookonchain (@lookonchain) July 26, 2024
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