Render

<ul><li>Kenetic Capital&#39;s significant RNDR token deposits signal confidence in its long-term potential within the digital asset market.</li><li>Despite RNDR&#39;s utility in GPU rendering, its price faced a recent downtrend amidst broader cryptocurrency volatility.</li><li>Institutional players like Kenetic Capital wield considerable influence in shaping the trajectory of cryptocurrencies like RNDR through strategic maneuvers.</li></ul>Kenetic Capital, a prominent proprietary trading and venture capital firm specializing in digital assets, has made significant moves in the Render (RNDR) token market. As highlighted by Spot On Chain, an analytic platform, the firm deposited approximately $20 million worth of RNDR tokens on Binance, the world&#39;s leading cryptocurrency exchange, just six hours ago.The firm&#39;s latest deposit of 4.1 million <a href="https://cryptotale.org/wormhole-executes-1-2b-rndr-token-move-to-solana-for-render-network/" rel="noopener noreferrer nofollow">RNDR tokens </a>adds to its substantial transfer of 6.6 million RNDR tokens to a centralized exchange (CEX) on December 24, 2023. This transfer, totaling around $32.5 million, marked a notable shift in Kenetic Capital&#39;s holdings strategy for RNDR.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d8886b6c20694f28b38301e333c0cab6.png" />Kenetic Capital&#39;s involvement with RNDR extends back to its position as the largest institutional holder of the token. Records indicate that between November 2021 and November 2022, the firm acquired 4.8 million RNDR tokens from exchanges such as Binance and<a href="https://cryptotale.org/cryptocurrency-giant-htx-global-hit-by-8-million-hacker-attack/" rel="noopener noreferrer nofollow"> HTX</a> at an average price of $3.72 per token. Notably, a portion of these tokens was sold back to Binance at a higher cost of $4.67 per token.Read full article at <a href="https://cryptotale.org/breaking-kenetic-capital-makes-bold-move-with-20m-rndr-deposit-on-binance/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Breaking: Kenetic Capital Makes Bold Move with $20M RNDR Deposit on Binance

CryptoTale

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