Pendle sees surge in whale withdrawals from Binance (~$8M in 5 days) per Lookonchain Project offers high DeFi yields (12%+) contrasting low market average (5.8%) PENDLE price (~$2.95) shows slight gain; needs to hold $2.60 EMA support Pendle (PENDLE), a DeFi protocol focused on tokenized yield trading, drew attention recently due to a reported surge in large whale transactions associated with its token. According to data from on-chain analytics provider Lookonchain, five newly created wallets collectively withdrew 2.66 million PENDLE tokens from Binance. Whales are accumulating $PENDLE ! 5 newly created wallets withdrew 2.66M $PENDLE ($7.9M) from #Binance in the past 5 days. Address: 0x21fBA58b20f62397c015bc1f5a15f742ad430dFA 0x2EB48c60F4ea75fa0a0Ff5BB017EBD9f5981b8F5 0x11DFEDf01B3FA824BbCB138159B2e6AFE43692a3… pic.twitter.com/hnnXVeUqUY — Lookonchain (@lookonchain) April 2, 2025 This amount was valued near $7.9 million over the past five days, as reported by Lookonchain. This significant off-exchange movement suggests growing confidence among large holders and sets up a bullish price movement for PENDLE if accumulation continues. Historically, large wi… The post Looking for DeFi Yield? Pendle Offering 12%+ APR on Stablecoins Right Now appeared first on Coin Edition .
