A certain PENDLE whale has once again deposited 489,000 PENDLE to CEX in the past 12 hours

According to on-chain analyst @ai_9684xtpa, the whale that once ranked second in PENDLE holdings has recharged 489,000 PENDLE (about $1.96 million) to CEX in the past 12 hours. It is expected to make a profit of $1.78 million (cost $0.35, recharge price $4). The shipping address starting with 0xb26 has had financial dealings with Grayscale before, so this PENDLE whale is likely an institution.