Cryptokit earns $ 8.16 million on Pendle token

Editor’s note: not investment advice!

One of the major cryptocurrency investors earned $ 8.16 million on the little-known virtual token Pendle PENDLE $5.32 Pendle -0.97% Market capitalization $0.88 billion VOL. 24 hours $25.9 million , increasing his initial capital by 680%.

According to Coinpedia, the profit from the sale of the token reached almost 7%.

It is reported that in the last 12 hours, this investor has sold 1.295 million Pendle tokens for $ 7.61 million.

It is known that from July 29 to November 11, 2023, the investor purchased 1.595 million Pendle tokens for $ 1.2 million at an average purchase price of $ 0.752.

Currently, he has 300 thousand Pendle tokens worth $ 1.75 million, with a total estimated profit of $ 8.16 million, which corresponds to an increase of 680%.

The No Worries editorial team strongly advises readers not to invest their own money in dubious crypto projects and little-known digital assets!

As of the time of writing, the Pendle token is worth $ 5.39, with a market capitalization of $ 881.68 million and daily contracts worth $ 416.48 million.

Earlier, on October 25, a cryptocurrency trader made a rather unusual transaction and spent 20 Solana (SOL) worth $ 3,500 to purchase more than 47 million ai16z meme coins, and two days later, on October 27, this investment was worth $ 3.2 million.