🚨🚨3.8 Millions worth $PENDLE to binance 🚨🚨

Recently, a notable crypto investor transferred $3.8 million worth of PENDLE tokens to Binance, sparking attention in the market. The transaction involved 1.1 million PENDLE tokens, leaving the investor with 1 million tokens valued at approximately $3.5 million. Since February 2023, this investor has steadily accumulated PENDLE, amassing a total of 3.44 million tokens at an average cost of $0.32 per token.

This move coincided with significant price movements for PENDLE, which surged from $0.92 to an all-time high of $7.50 in April 2024, currently trading around $3.54. Despite recent market fluctuations, including a 40% decline in Total Value Locked (TVL) due to expirations, Pendle Finance maintains a robust TVL of $3.66 billion, marking a remarkable 1,141% increase year-to-date.

Pendle Finance stands out in the DeFi sector with its innovative Principal Tokens and Yield Tokens, allowing users to trade while earning yields. Industry figures such as Arthur Hayes have lauded Pendle as a promising advancement in decentralized finance.

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