According to Foresight News, an on-chain analyst @ai_9684xtpa has reported that a crypto whale has accumulated 800,000 PENDLE tokens, valued at approximately $4.72 million. The tokens are locked until April 9, 2026. By locking up PENDLE, the whale will receive governance tokens known as vePENDLE. This will grant them voting rights within the community and a share of the protocol's revenue. This mechanism is similar to that of veCRV.
Whale Accumulates 800,000 PENDLE Tokens Worth Approximately $4.72 Million
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