Significant Activity on Render Network and Move to Binance

Data provider Spot On Chain revealed the transfer of millions of dollars worth of RNDR tokens from the Render Network (RNDR) ecosystem to an anonymous wallet address and Binance exchange. Approximately 2.5 million RNDR, valued at $20.8 million, was transferred, and then the transfer of 1.65 million RNDR to Binance caught attention. This high volume transfer created concern among the RNDR community and investors. Details of 1.65 Million RNDR Transfer to Binance According to Spot On Chain’s report, this amount is stated to be worth about $13.4 million. The transfer of this large amount to Binance may indicate possible selling pressure in the market. Unlocking of Approximately 761 Thousand RNDR Additionally, approximately 0.2% of Render Network’s circulating supply, around 761 thousand RNDR, will be released today. This further strengthens the expectation that RNDR’s price may decline even more. Useful Information for Readers The significant transfer of RNDR tokens to Binance […]

Significant Activity on Render Network and Move to Binance

Data provider Spot On Chain revealed the transfer of millions of dollars worth of RNDR tokens from the Render Network (RNDR) ecosystem to an anonymous wallet address and Binance exchange. Approximately 2.5 million RNDR, valued at $20.8 million, was transferred, and then the transfer of 1.65 million RNDR to Binance caught attention. This high volume transfer created concern among the RNDR community and investors.

Details of 1.65 Million RNDR Transfer to Binance

According to Spot On Chain’s report, this amount is stated to be worth about $13.4 million. The transfer of this large amount to Binance may indicate possible selling pressure in the market.

Unlocking of Approximately 761 Thousand RNDR

Additionally, approximately 0.2% of Render Network’s circulating supply, around 761 thousand RNDR, will be released today. This further strengthens the expectation that RNDR’s price may decline even more.

Useful Information for Readers

The significant transfer of RNDR tokens to Binance could create selling pressure.
The entry of approximately 761 thousand RNDR into circulation could create downward pressure on the price.
Market observers and investors should closely monitor such large transfers and unlockings.

Finally, it is reported that RNDR decreased by 6.14% in the last 24 hours, trading at $7.98, and its weekly loss was 13.84%. This information could be critical for RNDR investors.

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