Whale 0xfa7 just deposited 1.5M RNDR ($8.43M) to Coinbase at $5.62 after 8 months of inactivity:

• transaction: 0x816e3f9b37976b87a94c075c8ccbf1f11a7c39c479afc84b54a918a0bc02dc6d
• address: 0xfa71aaf7514a0524acb85be5e9bf6f50d2c12b7d

Currently, the whale:

• withdrew 3.706M RNDR from Coinbase at $2.169 on average (estimated cost: $8.04M) on May 17 and 18, 2023;
• has deposited 3.485M RNDR to Coinbase at $3.814 on average ($13.3M) on May 23, 2023, and February 19, 2024, realizing an estimated profit of $5.73M (+75.8%);
• transferred the remaining RNDR to a new wallet after each deposit;
• now still holds 220,996 RNDR ($1.24M), with another $833K in unrealized profit, in wallet 0xea09a6ac5de2926976c9246fd30eb2fe0b70c6f2.

The RNDR price surged nearly 8% in the past 24 hours.

Fig 1. Whale 0xfa7's overall RNDR trading history.