Recent Transfers Bring Over 2 Million PENDLE Tokens to Binance

According to recent on-chain data from EtherScan, the Pendle team has completed two notable transactions sending large quantities of PENDLE tokens to Binance.

Cryptocurrency exchange Binance has received a total of 2.025 million PENDLE tokens, worth about $11.11 million, following two large transactions.

According to recent on-chain data from EtherScan, the Pendle team has completed two notable transactions sending large quantities of PENDLE tokens to Binance.

The recent transfers include 1.4 million PENDLE tokens, valued at roughly $7.74 million, and an earlier transaction brought an additional 525,000 PENDLE—about $3.37 million—to the market.

These moves to Binance in a brief period total 2.025 million PENDLE tokens (worth about $11.11 million).

Meanwhile, as of writing, the PENDLE token is changing hands at about $5.59; it has increased 3.38% over the last 24 hours and impressively 25.28% over the last 7 days.

Current events and market strategic orientation are driving a growing PENDLE interest, which is consistent with this price increase.

Adding one more layer to this momentum, a prior CNF article revealed that BitMEX founder Arthur Hayes returned to PENDLE market activity following a three-month break.

Renowned for his calculated actions in the crypto market, Hayes has moved 350,010 PENDLE tokens to Binance and Bybit.

Breaking a period of relative dormancy, this represents his first transaction since June 21, 2024. Hayes has a sizable 1.66 million PENDLE token ownership valued at roughly $5.93 million despite the recent move, indicating a belief in the asset’s potential nonetheless.

In another action meant to affect the liquidity and visibility of the token, Upbit, the biggest crypto exchange in South Korea, has revealed new trading pairings for PENDLE in the Korean Won and Bitcoin markets, according to CNF.

Especially in Asia, this addition of the PENDLE-Won and PENDLE-Bitcoin pairs on a prominent exchange is expected to offer new chances for investors.