Large Amount of Render (RNDR) Transferred to Binance Exchange

The cryptocurrency market continues to move sideways, but Render (RNDR) has made headlines again with a drop in price.

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According to information from Lookchain, a wallet called Kenetic Capital transferred 4.68 million dollars worth of Render (RNDR) tokens to Binance exchange. Following this transfer, the RNDR token price, which was $5 during the day, dropped to $4.4.

As you know, the RNDR token was one of the rising assets in the recent period. In addition, Render Network had made an agreement with Apple Vision Pro. According to this agreement, the crypto company acted as an infrastructure provider for Apple products.

In addition, Render Network is of significant importance as the only company that Apple integrates with and uses its infrastructure for cryptocurrencies.

However, this serious decline has once again shown how risky the cryptocurrency market is.