The day’s most rising altcoin soared to new heights thanks to whale purchases.
In a post on April 6, on-chain data and analysis account Lookonchain announced that an altcoin reached an all-time high (ATH) thanks to whale purchases.
A newly opened wallet made a $2.67 million purchase in Pendle (PENDLE) today. The whale, purchasing through Binance, bought a total of 372,752 Pendle.
Pendle, which has dazzled with 2x growth in the last 14 days, hit an all-time high in parallel with the purchase. Reaching $7.21 according to CoinGecko data, Pendle also became one of the day’s highest rising altcoins with a performance of 24.3% today.
PENDLE is currently trading at $7.15 at the time of writing.