The altcoin with the highest increase of the day gained even more strength thanks to whale purchases.
In a post on April 6th, on-chain data and analysis account Lookonchain announced that an altcoin had reached its all-time high (ATH) thanks to a whale purchase.
A newly opened wallet made a purchase of $2.67 million in Pendle (PENDLE) today. The whale, who made the purchase through Binance, withdrew a total of 372,752 Pendle.
Pendle, which had already doubled in the last 14-day period, reached its all-time high parallel to this purchase. Reaching $7.21 according to CoinGecko data, Pendle also became one of the day’s top-performing altcoins with a 24.3% increase it displayed today.
PENDLE is currently trading at $7.15.