๐ฆ ๐๐ป๐๐๐ถ๐๐๐๐ถ๐ผ๐ป๐ ๐ฆ๐ฒ๐ฐ๐ฟ๐ฒ๐๐น๐ ๐๐๐๐ถ๐ป๐ด ๐ฃ๐๐ก๐๐๐? $๐ด.๐ฏ๐ ๐ช๐ต๐ฎ๐น๐ฒ ๐ง๐ฟ๐ฎ๐ฐ๐ธ๐ฒ๐ฑ
๐จ A wallet tied to investment firm Arca just made a big moveโbuying over $8.3 million worth of PENDLE tokens from Binance in just 6 days.
๐ฆ What happened?
2.183 million PENDLE withdrawn from Binance
Avg. buying price: $3.81
Wallet is already $100K in unrealized profit
๐ผ Why It Matters
Big institutional wallets moving assets off exchanges usually signals strong confidence. They're not looking to flip โ theyโre holding.
Despite having a past loss of ~$960K on PENDLE, Arca appears to be doubling down. Their method of gradual accumulation over days shows a smart and strategic play, likely to avoid pumping the price during buys.
๐ What It Means for Traders
Institutions donโt ape in without research.
โ This is a bullish signal for long-term holders.
โ Lower supply on exchanges can support future price growth.
โ Keep watching on-chain activity โ whales often move before the news.
TL;DR: A major wallet linked to Arca just scooped millions in PENDLE. Itโs a classic sign of institutional belief in the project โ and possibly a sign of whatโs coming next.