The Pendle team address transferred 400,000 PENDLE to Binance 1 hour ago
According to on-chain analyst Yu Jin, as reported by Jinse Finance, a Pendle team ownership address transferred 400,000 PENDLE tokens (worth 2.7 million USD) to Binance one hour ago.
This address unlocked 900,000 PENDLE tokens on April 29, 2022, and will continue to unlock 225,000 PENDLE tokens every quarter for the next year, accumulating a total of 1.8 million PENDLE tokens.
Based on the unlocking time period for PENDLE tokens, this address belongs to the Pendle team (the PENDLE team token unlocking rules: after the token was launched in April 2021, it will be unlocked quarterly for 2 years, with a 1-year cliff period).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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