A whale wallet has transferred 10 million POL tokens, worth approximately $987,000, to Binance amid declining prices. Arkham data indicates the address faces a potential loss of nearly $400,000 if these holdings are sold at current market rates.
The investor originally acquired 25 million POL for roughly $3.07 million at an average price of $0.1228. After using the tokens as collateral on Aave to borrow $1.4 million for trading, the whale repaid the loan following the price drop and moved a portion of the recovered collateral to the exchange.
Whale Transfers 10M POL to Binance Facing Potential $400K Loss
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