Polychain Capital allegedly transfers 4.114 million PENDLE tokens to FalconX, causing a loss of 3.25 million USD

Analyst Yu Jin noted that between March and September, the suspected Polychain Capital institution accumulated 4.114 million PENDLE tokens.

Following the transfer to FalconX, the dip in PENDLE’s price from 2.98 USD to 2.19 USD has led to a significant financial loss.