According to on-chain analyst Ember, the investment firm Arca appears to have invested in PENDLE again: over the past six days, they have withdrawn a total of 2.183 million PENDLE (worth $8.31 million) from CEXs at a price of $3.8 per token. In fact, Arca has made three previous investments in PENDLE over the past year, incurring a loss of approximately $960,000.