Whale Transfers 10 Million POL to Binance, Potential Loss Near $400K If Sold

PANews, October 10 - According to Arkham monitoring, a whale address 0x5EC previously purchased 25 million POL at approximately $0.1228 each, investing about $3.07 million. The address then used POL as collateral on Aave, borrowing approximately $1.4 million for trading on Binance. However, as POL's price declined, the address withdrew $1.4 million to repay the loan and retrieve the collateralized POL, subsequently transferring 10 million POL, worth approximately $987,000, to Binance. If sold, the potential loss would be close to $400,000.