The institution that accumulated 4.114 million $PENDLE (worth $13 million) at an average price of $3.16 from March to September should be Polychain Capital.

All of these PENDLE were transferred to FalconX 8 hours ago, but the current PENDLE price has dropped to $2.19. This means that they have incurred a loss of $3.99 million on these PENDLE.