$512.4K
Upbit: Cold Wallet
0x131b2070814623cee8de6054240c9158c007c0a5
->
Upbit: Hot Wallet
0x2e25a4aa2942027aa6c3fe89a16648dc6cbbf646
Capital shifting between wallets, neutral flow change. $512.4K PENDLE moved from Upbit: Cold Wallet to Upbit: Hot Wallet on Ethereum. Monitor follow-up routing to distinguish internal treasury rotation, market-maker rebalancing, bridge settlement, and true directional position change. Low priority whale flow: treat as context unless similar transfers repeat.