🤔 #IntoTheBlock : #MVRV , or Market Value to Realized Value, compares an asset's purchase value to its total market capitalization.

The MVRV indicator for Pendle, a protocol facilitating the tokenization and trading of future yields, has spiked to 4.26.

Additionally, the coin has experienced a 53% increase in the last 30 days.

Historically, an MVRV above 3 suggests a selling point. Whether this trend holds true for $PENDLE remains to be seen, only time will tell.