2.5 million RNDR were unlocked and transferred out from the Render managed allocation wallet 28 hours ago, and transferred to CEX in batches in the past 24 hours

According to on-chain analyst Ember, 2.5 million RNDR (about $20.8 million) were unlocked and transferred from the Render Network custodial allocation wallet to the 0x5B9 address 28 hours ago, and then entered Binance and Coinbase through multiple recharge addresses in the past 24 hours. Among them, 312,000 were transferred to Binance through the Binance recharge address of market maker GSR. There are still 147 million RNDR (about $1.14 billion) in the Render Network custodial allocation wallet that have not been unlocked and put into circulation, accounting for 27.7% of the total RNDR.