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The day’s highest rising altcoin has received a significant boost from whale purchases.

In a post dated April 6th, On-chain data and analysis account Lookonchain announced that an altcoin had reached an all-time high (ATH) due to whale purchases.

A newly opened wallet made a $2.67 million purchase of Pendle (PENDLE) today. The whale, who made the purchase on Binance, withdrew a total of 372,752 Pendle tokens.

Pendle, which has doubled in the last 14 days, reached an all-time high parallel to this purchase. Reaching $7.21 according to CoinGecko data, Pendle also became one of the highest rising altcoins of the day with a 24.3% increase in performance today.

During the writing, PENDLE is trading at $7.15.

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