A significant pattern of accumulation has emerged surrounding the DeFi protocol PENDLE. An unknown whale or institutional entity is amassing large quantities of the token, and many analysts view this as a calculated long-term play. In fact, over the past month, the entity has not only been buying PENDLE but also removing it from centralized exchanges (CEXes) — in this case, Binance. Overall, a massive deficit is appearing on CEXes. And because this play involves a DeFi protocol, it’s worth noting that the tokens are not being sent back to anyone involved with Binance. As per the data from on-chain
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]]>Whale activity in the cryptocurrency market is intensifying, and a recent player making waves is identified as wallet address 0xe86. In the past 14 hours, this whale has invested a massive $2.41 million into a diverse selection of decentralized finance (DeFi) tokens, including MKR, PENDLE, and HYPE. Whales have been showing elevated interest in these tokens—especially PENDLE. Is this whale making an early bet on a big DeFi move? The recent acquisition spree of the whale includes MKR, PENDLE, HYPE, and millions of dollars’ worth of other tokens. Right now, the DeFi segment of the crypto market is continuing to
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]]>The past few days have seen the attention of the cryptocurrency community caught by large-scale withdrawals from the Binance exchange. A remarkable 2.452 million $PENDLE tokens—worth around $7.03 million—has been pulled from the platform, and it’s pretty clear that three addresses (probably linked to the same whale or institution) are responsible for the withdrawals. The event has given rise to some intriguing speculation, not least because pulling that amount of $PENDLE from Binance is bound to have some sort of effect on the price. A Strategic Accumulation Across Multiple Addresses In the last four days, three new addresses have been
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]]>Whale activity around $PENDLE is intensifying, with significant accumulation taking place. Notably, the wallet 0xB757 withdrew another 400,000 $PENDLE (valued at $1.98 million) from Binance just 10 minutes ago. Over the past 10 days, this whale has withdrawn a total of 1.28 million $PENDLE, worth approximately $6.37 million. https://twitter.com/lookonchain/status/1874046560394502598?t=iPoYnhbuuK2qpNPhJUBMKQ&s=19 This surge in whale interest comes as Pendle Finance unveils Boros, a cutting-edge platform designed to redefine yield trading by enabling margin trading with unparalleled capital efficiency. Formerly known as Pendle V3, Boros represents a transformative upgrade within the Pendle ecosystem, placing a strong emphasis on funding rates—an underexplored yet critical
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]]>In a significant development, cryptocurrency whales have been aggressively accumulating $PENDLE tokens, sparking speculation that the asset may be grossly undervalued. According to recent data, two major whales, identified by their wallet addresses 0xe1f5 and 0xB757, have withdrawn a staggering 1.76 million $PENDLE tokens (valued at $9.24 million) from Binance over the past seven days. What’s noteworthy is that these whales have opted to lock their $PENDLE holdings until December 17, 2026, indicating a long-term investment strategy. This move has led analysts to question whether $PENDLE is being unfairly undervalued, particularly given its position as the number one yield trading
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]]>In the past five hours, Whale 0x41d made a profitable exit from PENDLE, selling 1.295 million tokens for 7.613 million USDT at an average rate of $5.878. This strategic sale follows the whale’s initial investment of 1.595 million PENDLE, bought between July 29 and November 11, 2023, with just $1.2 million in USDT and USDC at an average price of $0.752 per token. Following this sale, the whale retains 300,000 PENDLE, valued at around $1.75 million. With an estimated profit of $8.16 million, this transaction reflects a remarkable 680% return. Notably, PENDLE’s price has surged by 42% in the last
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]]>Earlier today, an address identified as belonging to the Pendle team made a significant transfer of 625,000 $PENDLE tokens, valued at around $3.37 million, to Binance. According to Pendle’s unlocking rules, these tokens were accumulated during the April 2022 to April 2023 vesting period, confirming the address as a team-associated wallet. Pendle, a DeFi platform focused on unlocking yield opportunities, has been making waves across the crypto landscape with impressive growth metrics and milestones. Recently, the platform reached a total value locked (TVL) milestone of $3 billion, with $145 million added in the past day alone. This growth reflects increasing
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]]>A notable transaction has taken place as address 0xd7c…e9730 opened a substantial position of 505,000 $PENDLE, valued at approximately $2.24 million, just two hours ago. This same address previously participated in a PENDLE trade during the token’s peak four months ago, acquiring it at $6.19 and selling at $5.14, leading to a loss of about $108,000. This recent move seems to signal a change in strategy for the investor. 地址 0xd7c…e9730 两小时前建仓了 50.5 万枚 $PENDLE ，价值 224 万美金 该地址曾在四个月前币价高点时做过一次 PENDLE 波段，$6.19 建仓 $5.14 清仓，共亏损 10.8 万美金；怎么看起来是个反指呀hhh
近七天 PENDLE 涨幅达 23%，现价 $4.29；钱包地址 https://t.co/BdF7nqc6BW pic.twitter.com/XeWvpVaHoX — Ai 姨 (@ai_9684xtpa) September 26, 2024
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]]>Crypto magnate Arthur Hayes, known for his influential market moves, is transitioning his investments from $PENDLE to $ATH. Over the past three days, Hayes deposited 1.595 million $PENDLE, valued at approximately $5.61 million, into Binance and Bybit. Shortly after, he withdrew 16.478 million $ATH, worth around $1.02 million, from OKX, Bybit, and KuCoin through his wallet, 0x75b. Arthur Hayes (@CryptoHayes) is shifting from $PENDLE to $ATH after all. In the last 3 days, he deposited 1.595M $PENDLE ($5.61M) to Binance and Bybit, then withdrew 16.478M $ATH ($1.02M) from OKX, Bybit, and KuCoin via wallet 0x75b. Arthur Hayes now holds:• 62.257M
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]]>Like many altcoins, Pendle ($PENDLE) saw impressive gains during Monday’s trading session, hitting a 50-day high of $3.68. This surge followed the opening of bitcoin-linked liquidity pools with Lombard Finance and Use Corn, offering fixed annualized yields of just over 10% and floating yields as high as 45%. The move has strengthened Pendle’s fundamentals, attracting more attention to the platform. DeFi platform @Pendle_fi has opened bitcoin-linked pools with @Lombard_Finance and @use_corn offering just over 10% in fixed annualized yields and floating yields of as high as 45% in a move that expands the product’s fundamentals.https://t.co/55NgaBtVzh — CoinDesk (@CoinDesk) September 14,
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