Pendle

Token

Maker

Notable

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/record-breaking-surge-for-pendle-token-as-team-engages-in-notable-exchange-transactions" rel="noopener noreferrer nofollow">Record-Breaking Surge for Pendle Token as Team Engages in Notable Exchange Transactions</a><br></p>
<p style="text-align: justify">The native asset of the Pendle protocol, PENDLE, has achieved a new milestone by reaching an all-time high (ATH) of $2.70. This surge in price coincides with the protocol’s team transferring a significant amount of PENDLE tokens to the Binance exchange. Pendle is known for its innovative approach to tokenizing and trading future yield, marking its significance in the decentralized <a href="https://en.bitcoinhaber.net/public-crypto-companies-outperform-bitcoin-in-2023" rel="noopener noreferrer nofollow">finance</a> (DeFi) sector.</p>
<h2 id="team-s-strategic-token-movements">Team’s Strategic Token Movements</h2>
<p style="text-align: justify">Spot On Chain, an on-chain data platform, highlighted the movement of approximately 477,211 PENDLE tokens, valued at around $1.27 million, to Binance by two wallet addresses likely associated with the Pendle team. This transfer occurred as the token’s value hit a new ATH, suggesting potential sales by the team.</p>
<p style="text-align: justify">Historical data reveals that these wallets had acquired over a million PENDLE tokens in 2022 and 2023 when the price was a mere $0.146. Currently, these wallets still hold 487.5 thousand PENDLE, now worth $1.3 million, indicating a significant return on investment.</p>
<p style="text-align: justify">Pendle’s unique Automated Market Maker (AMM) system facilitates the trading of time-decaying assets, offering users innovative options to manage future yields. This feature has made Pendle a popular choice within the DeFi community.</p>
<p style="text-align: justify">The recent price performance of PENDLE shows a 41.16% increase in the past 24 hours, with a 43.86% rise over the last week and an impressive 131.20% growth in the past month. If the current trend persists, PENDLE may continue to set new records and potentially exceed the $3 mark in the near future.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/record-breaking-surge-for-pendle-token-as-team-engages-in-notable-exchange-transactions" rel="noopener noreferrer nofollow">Record-Breaking Surge for Pendle Token as Team Engages in Notable Exchange Transactions</a></h5>

Record-Breaking Surge for Pendle Token as Team Engages in Notable Exchange Transactions

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