A whale transferred 10 million POL to Binance; if sold, it could incur a loss of nearly $400,000.

PANews October 10 news, according to Arkham monitoring, a whale address 0x5EC previously bought 25 million POL at a price of about $0.1228, investing about $3.07 million. The address then used POL as collateral on Aave and borrowed about $1.4 million for trading on Binance. However, as the POL price fell, the address withdrew $1.4 million to repay the loan and retrieve the pledged POL, and then transferred 10 million POL to Binance, worth about $987,000. If sold, the loss would be close to $400,000.