Whale Faces $1.96 Million Loss After Potential Liquidation of $PENDLE Tokens
Once again, the unstable cryptocurrency world has demonstrated its unpredictability, with one whale investor heading for a significant financial loss after an attempt to liquidate $PENDLE tokens. This move comes after months of gains, followed by a sharp reversal that has left this whale in a hard place. The account address 0x97e...9D617 made a significant entry into the $PENDLE market eight months ago and is now suspected to have liquidated approximately 851,000 tokens just an hour ago. If the account owner went through with the transaction (likely an obsessive-compulsive effort to reclaim a clean ledger), the liquidation could result in a mind-boggling $1.958 million loss. A Rocky Journey for the Whale's $PENDLE Investment The tale starts eight months back when 0x97e...9D617 took a position in $PENDLE, a decentralized finance (DeFi) token, acquiring the asset at a starting price of $4.39 […]