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According to recent data, two major whales, identified by their wallet addresses 0xe1f5 and 0xB757, have withdrawn a staggering 1.76 million $PENDLE tokens (valued at $9.24 million) from Binance over the past seven days.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 protocol.
With a fully diluted valuation (FDV) of $1.2 billion, @pendle_fi appears to be trading at a significant discount compared to its peers. Furthermore, $PENDLE boasts an impressive ranking among the top six cryptocurrencies in terms of holder revenue. As the market continues to evolve, it’s likely only a matter of time before $PENDLE catches up with its counterparts, making it an intriguing prospect for investors.
https://twitter.com/splinter0n/status/1872182006664282152?t=HniVU06UYEhU0LlzI1ggIg&s=19
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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