Kenetic Capital, one of the largest institutional investors of Render (RNDR), caused a decline with its multi-million dollar transfer to Binance.
The corporate whale of the artificial intelligence-focused cryptocurrency project Render Kenetic Capitalafter a long time to Binance made the transfer.
Reported by on-chain analysis platform Lookonchain to data According to Kenetic Capital, which took action on February 5, $4.68 million worth 1 million RNDR sent it to the cryptocurrency exchange Binance.
Company November 2021 and November 2022‘also Binance And from Huobi $17.88 million worth 4.8 million RNDR had bought it. Kenetic Capital last transferred to Binance on December 24, 2023, at an average price of $4.67. $11.68 million worth 2.5 million RNDR He attracted attention by transferring.
Still in the hands of the corporate whale $18.12 million worth 4.1 million RNDR is available.
According to CoinGecko data, in parallel with RNDR transfer transactions, which were badly affected by the news flow. 8% losing value $4.80 from level $4.41 decreased by . RNDR at the time of writing from $4.43 is being traded.