Add as a preferred source on GoogleWallet Transfers 10 Million POL to Binance After $3.07 Million Purchase
The wallet bought 25 million POL at $0.1228 each, used the tokens as Aave collateral and later transferred part of the holdings to Binance.
A crypto wallet transferred 10 million POL to Binance after buying 25 million POL for about $3.07 million, with the latest transfer valued at roughly $987,000.
The wallet purchased the tokens at about $0.1228 each before depositing them on Aave as collateral. It borrowed approximately $1.4 million and used the funds for trading on Binance.
As POL declined, the wallet withdrew the borrowed funds, repaid the Aave loan and recovered its collateral. It then transferred 10 million POL to Binance.
At the stated value, the transfer would imply a loss of about $241,000 based on the reported purchase price of $0.1228 per token. The transfer itself does not establish that the tokens were sold.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.