Arca, Additional Acquisition of Pendle (PENDLE)... Withdraws $8.31 million in the Past Six Days
Doohyun Hwang
Summary
- Arca announced it has additionally acquired approximately $8.31 million worth of Pendle (PENDLE) from Binance in the past six days.
- This latest PENDLE acquisition is Arca's fourth investment in the past year, with the average purchase price reported at $3.8.
- The overall investment yield remains negative, with cumulative losses reaching about $960,000.
Crypto asset (cryptocurrency) investment firm Arca has reportedly made an additional acquisition of decentralized finance (DeFi) Pendle (PENDLE).
On the 20th, on-chain data analyst Yu Jin stated via his X account, "Arca has withdrawn a total of 2,183,000 PENDLE (worth about $8.31 million) from Binance over the last six days." The average purchase price was around $3.8 each.
Over the past year, Arca has already made three rounds of PENDLE purchases. This acquisition marks their fourth investment. However, the overall investment yield to date remains negative, with cumulative losses estimated at about $960,000. On this day, Pendle was trading at $3.88 on the Binance Tether (USDT) market, up 3% from the previous day.
Doohyun Hwang
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