A Trader's Impressive PENDLE Profits

Lookonchain's data shows that a savvy trader recently made a deposit of 1.2M PENDLE (equivalent to $6.74M) into Binance. This trader still has 2.23M PENDLE (worth $12.3M) remaining. From February 9 to April 22, 2023, they used 869,757 USDC to purchase 3.21M PENDLE at $0.27 each. On April 27, they withdrew 111,055 PENDLE (valued at $226K) from Gateio at a price of $0.49 per PENDLE. The total profit made from these PENDLE transactions is approximately $18M, representing an impressive ROI of 1841%.

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