A newly created address has withdrawn 981,000 PENDLE from CEX in the past four days, worth approximately US$6.13 million
According to Mars Finance news, on-chain analyst Ember monitors that a newly created address has withdrawn 981,000 PENDLEs (worth approximately US$6.13 million) from Binance in the past four days at a price of approximately US$6.48. The interest rate swap agreement Pendle has benefited from the Ethereum re-hypothecation boom, with TVL rising from $233 million to $4.6 billion now since entering 2024.
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