After countless hours of research, I found their next BIG step!
Don't miss this unique chance again!
Over the past week, I've been doing a lot of research on whale movements using various Dune dashboards and other tools. Exploring different wallets, I found very interesting whales that made huge profits.
How is this possible given the recent market crash and altcoin drop of almost 30% in 24 hours?
The fact is that I studied whales, which are somehow connected with $PENDLE, since its price has increased by more than 100% in the last month.
Alphascan
That's how I got down this rabbit hole.. Let's see what I found 👀
I always start with a dashboard @defi_mochi and consider the most profitable wallets. Some of them are contracts or exchange addresses, so you have to be careful here!
I immediately found this whale, which recently received a good profit.
He no longer keeps his $PENDLE , as I exchanged them for a good profit. But more interesting is what he did after that or when he buys again $PENDLE. That's what I've been keeping a close eye on since added it to the list of whales.
Since then, the whale has not done anything special, just froze some $ETH V Lido and sent some $cbETH on Coinbase, which I received from Binance, is definitely an interesting move.
Moreover, he replenished his remaining $ETH V aave, but hasn't done anything yet.
I I will follow him and keep you updated!
Now let's move on to the next candidate. I found it with Bubblemaps, as this is the most convenient way to look for whales.
Looks like there's a whole group of these whales here holding over 1% of the total volume. $PENDLE
This group is very interesting., since they are not make a lot of transactions, but they are followed by many wallets on @DeBankDeFi.
I found a wallet that I started to buy $PENDLE in 2022, when no one else was talking about it!
Then the price and TVL were ten times less than now. The purchase occurred just before the start of active growth.
This whale was really early and still holding part of his package (894 thousand $PENDLE at the moment and 64K as LP on SushiSwap).
Keith isn't doing many transactions right now, so let's move on.
This whale's friends are even more interesting. Our whale sent some $PENDLE to your friend on Arbitrum, making this wallet one of the biggest holders $PENDLE on Arbitrum.
Let's see what else this wallet does!
He holds a lot of altcoins, as well as some $USDC . Biggest Bets:
🔵 $PENDLE
🔵 $ARB
🔵 $VELO
🔵 $KWENTA
Plus he looks like a big fan. @LevelFinance because the whale has related portfolios. Definitely worth keeping an eye on this projectm because @crypto_linn also mentioned it several times.
Now let's move on to the next friend of this group. Wallet replenished with a huge 1.25 million $PENDLE from the first whale. Let's find out what this wallet does, this is where things get even more interesting.
Keith froze 400,000 $PENDLE on $vePENDLE (we'll see why later). Another part on Arbitrum is also held, with small sales occurring every week, so the whale recorded part of the profit.
Keith is also a big fan @ChronosFi_since he has a big LP package there, but not much $CHR (about $250). Rewards with LP exceed the amount $CHR .
Another project this whale has heavily invested in is @solidlizardfi . Not a very popular DEX, but definitely worth exploring in more detail, I will share more information about it in upcoming info posts.
In conclusion, only a small part $PENDLE , held by the whales, has been sold, most of them are still holding it, and some are even freezing it to increase their LP returns.
Other interesting projects worth exploring are Level, Chronos and SolidLizard, all of which are DEX models with Ve(3,3), which is very interesting, and I will look at them in the next info post, see what their whales do and what they do.
Instis
I also managed to find some projects that also invested in $Pendle and deserve attention. It was a bit difficult to find and classify them, but I managed to get the best.
0xAcid made 300 $ETH to the Pendle pool and I was able to find their address.
They hold over $9 million different LSDs and I definitely recommend them to buy some $PENDLE to increase the profitability of the pool, this is an obvious move.
It looks like Kleros is using Pendle pools for their strategies. Brought over $1.6 million LSD.
Again, I don't see why they shouldn't block some $PENDLE to significantly increase the yield of the LP they have contributed. Maybe this will create some increase in demand for $PENDLE , We'll see.
Finally
I hope you enjoyed my little research on what whales do. $PENDLE . I'll continue this series as we've just discovered a lot of new projects and we can take a look at their whales.
The most important conclusion for me is that almost all whales continue to hold their positions, and more and more projects join the ecosystem @pendle_fi , which makes me even more optimistic about his prospects for a couple of years ahead.
Translation author thread: Inna
