PendleFinance
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Binance Labs inv in #PendleFinance on 2023-08-23. â
đ #Binance
âïž Pendle Finance is a permissionless yield-trading protocol enabling diverse yield-management strategies.
âïž The investment underlines Binance Labs' dedication to pioneering projects shaping the future DeFi landscape.
âïž Invested funds will expand Pendle Finance across blockchains, granting broad DeFi yield access to retail and institutional users.
Exciting $PENDLE chart; preparation for growth
đđ
Don't forget to explore
$ARB
$SEI
âïž Pendle Finance is a permissionless yield-trading protocol enabling diverse yield-management strategies.
âïž The investment underlines Binance Labs' dedication to pioneering projects shaping the future DeFi landscape.
âïž Invested funds will expand Pendle Finance across blockchains, granting broad DeFi yield access to retail and institutional users.
Exciting $PENDLE chart; preparation for growth
đđ
Don't forget to explore
$ARB
$SEI
đ Cryptocurrency on-chain analyst Ember CN reports that the Pendle Finance ecosystem fund address recently deposited approximately $2.19 million worth of PENDLE tokens to Binance. This follows previous transactions, with a cumulative 3.5 million PENDLE (about $5.83 million) deposited to Binance from the same address, which received an unlocked volume of 23 million PENDLE on October 8th last year. đȘđŒ #PendleFinance #cryptoanalysis đđ
Pendle announced that the Ethena sUSDe pool has been capped at 100 million in response to user demand to allow for more capital inflows.
The sUSDe pool is set to expire on July 25, offering 20 times Sats plus USDe staking income daily. sUSDe is Ethena's staking version of synthetic USDe, with the initial cap on minting volume set at 50 million.
#PendleFinance #pendleupdate #pendle #PendlePower #sUSDe
The sUSDe pool is set to expire on July 25, offering 20 times Sats plus USDe staking income daily. sUSDe is Ethena's staking version of synthetic USDe, with the initial cap on minting volume set at 50 million.
#PendleFinance #pendleupdate #pendle #PendlePower #sUSDe
PENDLE Faces FUD Storm: Spartan Group's Massive Withdrawals Trigger Market Uncertainty
Date: January 30, 2024
In a noteworthy move within the crypto space, Spartan Group, a major player in the digital asset landscape, has initiated a significant transfer of #PendleFinance tokens to Binance. This development, while capturing attention, raises questions about its potential implications for the market. Let's delve into the details:
Substantial PENDLE Transfer:
Spartan Group, identified by the address 0x68fd0a0518b3120d844c5fb8a6f6defa4cad42c5, is poised to deposit a substantial amount of 477,862 PENDLE tokens (equivalent to $1.31 million) to Binance. The transaction is expected to occur at a rate of $2.735 per PENDLE.
Historical Withdrawals and Profitability:
It's worth noting that Spartan Group has a history with PENDLE, having withdrawn 1.97 million PENDLE ($1.248 million) from Binance between July 25 and September 18, 2023, at an average price of $0.631. However, the current move signals a change in strategy.
As of now, Spartan Group has realized a substantial profit, with a total Profit and Loss (PnL) of $4.15 million (+332%) after holding the tokens for a span of four months.
Current Holding and Wallets:
Spartan Group currently boasts a substantial PENDLE holding of 2.93 million tokens ($8.05 million) across two wallets:
- 0x825d968a786badd6b06ca5853eaeb176919c47d4: Holding 1.43 million PENDLE ($3.925 million), vested from the project.
- 0x68fd0a0518b3120d844c5fb8a6f6defa4cad42c5: Holding 1.5 million PENDLE ($4.080 million).
Market Movement:
In the past 24 hours, PENDLE has experienced a significant pump of 22.27%, reflecting positive market sentiment around the token.
Conclusion:
The move by Spartan Group to deposit a substantial amount of PENDLE to Binance signals confidence and a potentially bullish outlook. The strategic shift and the profitable history suggest a positive stance towards the token. As the crypto community observes this development, it will be interesting to see how the market responds to this substantial PENDLE deposit.
Disclaimer: Cryptocurrency investments are subject to risks, and readers are advised to conduct their research before making any investment decisions.
#PENDLEUSDT $PENDLE #crypto #FUD #Write2Earn
Guys we need your support ! Just $1 tip for a galaxy of ideas. Your pocket change, our research game changer. Let's tip the scales together!đđ
In a noteworthy move within the crypto space, Spartan Group, a major player in the digital asset landscape, has initiated a significant transfer of #PendleFinance tokens to Binance. This development, while capturing attention, raises questions about its potential implications for the market. Let's delve into the details:
Substantial PENDLE Transfer:
Spartan Group, identified by the address 0x68fd0a0518b3120d844c5fb8a6f6defa4cad42c5, is poised to deposit a substantial amount of 477,862 PENDLE tokens (equivalent to $1.31 million) to Binance. The transaction is expected to occur at a rate of $2.735 per PENDLE.
Historical Withdrawals and Profitability:
It's worth noting that Spartan Group has a history with PENDLE, having withdrawn 1.97 million PENDLE ($1.248 million) from Binance between July 25 and September 18, 2023, at an average price of $0.631. However, the current move signals a change in strategy.
As of now, Spartan Group has realized a substantial profit, with a total Profit and Loss (PnL) of $4.15 million (+332%) after holding the tokens for a span of four months.
Current Holding and Wallets:
Spartan Group currently boasts a substantial PENDLE holding of 2.93 million tokens ($8.05 million) across two wallets:
- 0x825d968a786badd6b06ca5853eaeb176919c47d4: Holding 1.43 million PENDLE ($3.925 million), vested from the project.
- 0x68fd0a0518b3120d844c5fb8a6f6defa4cad42c5: Holding 1.5 million PENDLE ($4.080 million).
Market Movement:
In the past 24 hours, PENDLE has experienced a significant pump of 22.27%, reflecting positive market sentiment around the token.
Conclusion:
The move by Spartan Group to deposit a substantial amount of PENDLE to Binance signals confidence and a potentially bullish outlook. The strategic shift and the profitable history suggest a positive stance towards the token. As the crypto community observes this development, it will be interesting to see how the market responds to this substantial PENDLE deposit.
Disclaimer: Cryptocurrency investments are subject to risks, and readers are advised to conduct their research before making any investment decisions.
#PENDLEUSDT $PENDLE #crypto #FUD #Write2Earn
Guys we need your support ! Just $1 tip for a galaxy of ideas. Your pocket change, our research game changer. Let's tip the scales together!đđ
Binance Invests in Pendle Finance
Binance Labs, Binance's investment arm, announced that it has invested in Pendle Finance, a DeFi platform that allows users to tokenize and trade their yields.
This investment move reflects Binance Labs' belief in the future of DeFi projects and its commitment to supporting those projects.
What is Pendle Finance?
Pendle Finance is a DeFi platform that allows users to tokenize and trade their yields. This enables users to swap their tokens with other users to obtain liquidity and yields.
Pendle Finance is currently available on the Ethereum and Avalanche blockchains. However, it plans to expand access to different blockchain platforms with its initiative called "Project Fylde."
What Does Binance's Investment Mean?
Binance's investment in Pendle Finance is intended to strengthen Binance's leadership in the DeFi space. This investment is part of Binance's efforts to bring DeFi to a wider user base.
Will Warren, co-founder and CEO of Pendle Finance, commented on Binance's investment as follows:
"Binance's investment in Pendle Finance is a great honor for our team. Binance is a global leader in the DeFi space, and their investment will support Pendle Finance's efforts to bring DeFi to a wider user base."
Pendle Finance's Token Value Increases by 30%
Immediately after Binance's announcement regarding Pendle Finance, the value of Pendle's token increased by 30%. This increase reflects investors' confidence in Pendle Finance's potential.
In Summary
Binance's investment in Pendle Finance is a major development in the DeFi space. This investment will support Binance's efforts to bring DeFi to a wider user base.
The amount of the investment was not disclosed. However, it is believed to be a significant investment that will enable Pendle Finance to continue to develop its platform and expand its reach.
#ProjectFylde #PendleFinance #Pendle $PENDLE #BinanceLabs #Binance
This investment move reflects Binance Labs' belief in the future of DeFi projects and its commitment to supporting those projects.
What is Pendle Finance?
Pendle Finance is a DeFi platform that allows users to tokenize and trade their yields. This enables users to swap their tokens with other users to obtain liquidity and yields.
Pendle Finance is currently available on the Ethereum and Avalanche blockchains. However, it plans to expand access to different blockchain platforms with its initiative called "Project Fylde."
What Does Binance's Investment Mean?
Binance's investment in Pendle Finance is intended to strengthen Binance's leadership in the DeFi space. This investment is part of Binance's efforts to bring DeFi to a wider user base.
Will Warren, co-founder and CEO of Pendle Finance, commented on Binance's investment as follows:
"Binance's investment in Pendle Finance is a great honor for our team. Binance is a global leader in the DeFi space, and their investment will support Pendle Finance's efforts to bring DeFi to a wider user base."
Pendle Finance's Token Value Increases by 30%
Immediately after Binance's announcement regarding Pendle Finance, the value of Pendle's token increased by 30%. This increase reflects investors' confidence in Pendle Finance's potential.
In Summary
Binance's investment in Pendle Finance is a major development in the DeFi space. This investment will support Binance's efforts to bring DeFi to a wider user base.
The amount of the investment was not disclosed. However, it is believed to be a significant investment that will enable Pendle Finance to continue to develop its platform and expand its reach.
#ProjectFylde #PendleFinance #Pendle $PENDLE #BinanceLabs #Binance
How do you decide to take a trade? Building on my earlier thread on identifying strong coins: https://twitter.com/TheJaFung/
Now that you know the coins you want to trade, lets look at the decision process in taking a trade:
1. Understand that perfect conditions rarely exists to take a good trade. All you're looking for is confluence between several criteria, and your goal is to enter "near" the local bottom.
2. I'll walk through an example with $PENDLE , a coin that's been up-only despite BTC volatility. Lets start off with looking at patterns with PA on the 2H. Draw fib levels from bottom to top wick on its every move and see how far it retraces. After every move up, it likes to do several minor retraces to the 0.5 area before a major retrace to the .786. On every minor retrace, it wicks between the 50 & 100EMA, and on major retraces it wicks into or below the 200EMA.
3. Looking at where price is currently, I will assume that it's currently going through a minor retrace. Hence, I'm expecting price to come down to the 100EMA as it lines up perfectly with the 0.5 fib level. See blue horizontal line in chart below.
4. Lets look for more confluence using RSI. We see that on every major retrace, RSI gets to 30. On a minor retrace, RSI gets to 40. RSI is currently at 44 and Stoch RSI has not bottomed yet.
5. I'll be taking a long when price drops to ~$2.23 if the RSI is near 40. I hope you find this simple method of entering a trade valuable!
#PendleFinance #TradeNTell #PENDLE #altcoins
Consider liking and following me on X: @TheJaFung
Now that you know the coins you want to trade, lets look at the decision process in taking a trade:
1. Understand that perfect conditions rarely exists to take a good trade. All you're looking for is confluence between several criteria, and your goal is to enter "near" the local bottom.
2. I'll walk through an example with $PENDLE , a coin that's been up-only despite BTC volatility. Lets start off with looking at patterns with PA on the 2H. Draw fib levels from bottom to top wick on its every move and see how far it retraces. After every move up, it likes to do several minor retraces to the 0.5 area before a major retrace to the .786. On every minor retrace, it wicks between the 50 & 100EMA, and on major retraces it wicks into or below the 200EMA.
3. Looking at where price is currently, I will assume that it's currently going through a minor retrace. Hence, I'm expecting price to come down to the 100EMA as it lines up perfectly with the 0.5 fib level. See blue horizontal line in chart below.
4. Lets look for more confluence using RSI. We see that on every major retrace, RSI gets to 30. On a minor retrace, RSI gets to 40. RSI is currently at 44 and Stoch RSI has not bottomed yet.
5. I'll be taking a long when price drops to ~$2.23 if the RSI is near 40. I hope you find this simple method of entering a trade valuable!
#PendleFinance #TradeNTell #PENDLE #altcoins
Consider liking and following me on X: @TheJaFung
Updated
2 February 2024
I am re-entry shorting PENDLE
Entry 2.88~2.91$
Will DCA if hit 3$
SL : 3.2$
___________
$PENDLE #PendleFinance
#pendle been bullish lately and keep making HH upon HH is this 2.71$ is the last HH?
Nobody knows, but I think its safer to short PENDLE around 2.71$ and ready if this coin liquidated short to 2.8$.
Entry : 2.71$
TP1 : 2.62$
TP2 : 2.56$
TP3 : 2.37$
2 February 2024
I am re-entry shorting PENDLE
Entry 2.88~2.91$
Will DCA if hit 3$
SL : 3.2$
___________
$PENDLE #PendleFinance
#pendle been bullish lately and keep making HH upon HH is this 2.71$ is the last HH?
Nobody knows, but I think its safer to short PENDLE around 2.71$ and ready if this coin liquidated short to 2.8$.
Entry : 2.71$
TP1 : 2.62$
TP2 : 2.56$
TP3 : 2.37$
Trader who made $18M with altcoin investment deposits funds in Binance. đ„
In the fast-paced world of cryptocurrency, success stories often emerge from unexpected corners. Recently, headlines were ablaze with the news of a trader who raked in a staggering $18 million profit through an altcoin investment on Binance. Let's dive into the details of this remarkable feat.
The trader's journey to fortune began with a strategic move into the world of decentralized finance (DeFi), specifically through the platform Pendle Finance. Here, they seized the opportunity to invest in PENDLE tokens, known for their potential for high returns.
Their initial investment was bold: depositing 1.2 million PENDLE tokens valued at $6.74 million into their Binance account, while retaining an additional $12.3 million worth of PENDLE tokens in their wallet. This move set the stage for what would become a lucrative venture.
Pendle Finance, with approximately $4.12 billion in assets, offers users a playground for developing various yield management strategies within its trading protocol. Armed with this platform, our trader embarked on a journey marked by careful planning and calculated risk-taking.
Between February 9 and April 22, 2023, the trader acquired 3.21 million PENDLE tokens for $869,757 USDC, at $0.27 per token. On April 27, they withdrew 111,055 PENDLE tokens from Gate.io exchange at $0.49 each, marking the turning point in their success.
The trader's strategic moves led to an $18 million profit, showcasing altcoin investment potential. This success emphasizes timing and strategic decisions in crypto trading. It also highlights opportunities in decentralized finance, like Pendle Finance. It's both inspiring and cautionary, showing the need for foresight, courage, and planning in crypto investments.
#PendleFinance #Pendle #trader #PendleDeFi #Megadrop
In the fast-paced world of cryptocurrency, success stories often emerge from unexpected corners. Recently, headlines were ablaze with the news of a trader who raked in a staggering $18 million profit through an altcoin investment on Binance. Let's dive into the details of this remarkable feat.
The trader's journey to fortune began with a strategic move into the world of decentralized finance (DeFi), specifically through the platform Pendle Finance. Here, they seized the opportunity to invest in PENDLE tokens, known for their potential for high returns.
Their initial investment was bold: depositing 1.2 million PENDLE tokens valued at $6.74 million into their Binance account, while retaining an additional $12.3 million worth of PENDLE tokens in their wallet. This move set the stage for what would become a lucrative venture.
Pendle Finance, with approximately $4.12 billion in assets, offers users a playground for developing various yield management strategies within its trading protocol. Armed with this platform, our trader embarked on a journey marked by careful planning and calculated risk-taking.
Between February 9 and April 22, 2023, the trader acquired 3.21 million PENDLE tokens for $869,757 USDC, at $0.27 per token. On April 27, they withdrew 111,055 PENDLE tokens from Gate.io exchange at $0.49 each, marking the turning point in their success.
The trader's strategic moves led to an $18 million profit, showcasing altcoin investment potential. This success emphasizes timing and strategic decisions in crypto trading. It also highlights opportunities in decentralized finance, like Pendle Finance. It's both inspiring and cautionary, showing the need for foresight, courage, and planning in crypto investments.
#PendleFinance #Pendle #trader #PendleDeFi #Megadrop
Investors Rush to Binance: 477,211 PENDLE Tokens Worth $1.27M Transferred Amid Record Highs.
Investors Swiftly Transfer 477,211 PENDLE to Binance Amid Record Highs
OUTFLOW
Related Addresses:
- [0xd2b62ffee42b707cdfe3eb8da5dba9cc152a499f]
- [0x76caee5d27d333d8f68a1dfc9d60e29a25741621]
Total Tokens Transferred:
Token: Pendle
477.211K
PENDLE
Related Transactions:
1. Wallet 0xd2b deposited 327,211 PENDLE ($874K) at $2.67:
- [Transaction: 0xc2c352ec73988761dc0910c0c5eca3aca6f435ba98bc448b9248499367850440]
- [Address: 0xd2b62ffee42b707cdfe3eb8da5dba9cc152a499f]Notably, wallet 0xd2b:
- Vested 625K PENDLE ($91.6K) from April 29, 2022, to April 28, 2023.
- Deposited 327,211 PENDLE ($874K) to Binance at $2.67 for the first time recently.
- Still holds 300K PENDLE ($807K) and is gaining $1.59M (x17.3) thanks to holding the token for over 2 years.
![Wallet 0xd2b's overall PENDLE fund movements.]
2. Wallet 0x76c deposited 150,000 PENDLE ($393K) at $2.62:
- [Transaction: 0xb1d8c1e4cc65b556839f3921e6270b41f6733fb6c9fe6c6b5e8ab7a5c42ec9a6](https://etherscan.io/tx/0xb1d8c1e4cc65b556839f3921e6270b41f6733fb6c9fe6c6b5e8ab7a5c42ec9a6)
- Address: 0x76caee5d27d333d8f68a1dfc9d60e29a25741621
Notably, wallet 0x76c:
- Vested 437.5K PENDLE ($64.1K) from April 29, 2022, to April 28, 2023.
- Has deposited 327,211 PENDLE ($624K) to Binance at $2.497 on average on January 28 and 30, 2024.
- Still holds 187.5K PENDLE ($503K) and is gaining $1.06M (x16.6) thanks to holding the token for over 2 years.
![Wallet 0x76c's overall PENDLE fund movements.]
As PENDLE price surged 20% in 24H to its new ATH, two wallets (likely investors of Pendle Finance) deposited 477,211 PENDLE ($1.27M) to Binance.
#pendle #PendleFinance #deposit #investor #profit
$PENDLE $BNB
Guys we need your support ! Just $1 tip for a galaxy of ideas. Your pocket change, our research game changer. Let's tip the scales together!đđ
OUTFLOW
Related Addresses:
- [0xd2b62ffee42b707cdfe3eb8da5dba9cc152a499f]
- [0x76caee5d27d333d8f68a1dfc9d60e29a25741621]
Total Tokens Transferred:
Token: Pendle
477.211K
PENDLE
Related Transactions:
1. Wallet 0xd2b deposited 327,211 PENDLE ($874K) at $2.67:
- [Transaction: 0xc2c352ec73988761dc0910c0c5eca3aca6f435ba98bc448b9248499367850440]
- [Address: 0xd2b62ffee42b707cdfe3eb8da5dba9cc152a499f]Notably, wallet 0xd2b:
- Vested 625K PENDLE ($91.6K) from April 29, 2022, to April 28, 2023.
- Deposited 327,211 PENDLE ($874K) to Binance at $2.67 for the first time recently.
- Still holds 300K PENDLE ($807K) and is gaining $1.59M (x17.3) thanks to holding the token for over 2 years.
![Wallet 0xd2b's overall PENDLE fund movements.]
2. Wallet 0x76c deposited 150,000 PENDLE ($393K) at $2.62:
- [Transaction: 0xb1d8c1e4cc65b556839f3921e6270b41f6733fb6c9fe6c6b5e8ab7a5c42ec9a6](https://etherscan.io/tx/0xb1d8c1e4cc65b556839f3921e6270b41f6733fb6c9fe6c6b5e8ab7a5c42ec9a6)
- Address: 0x76caee5d27d333d8f68a1dfc9d60e29a25741621
Notably, wallet 0x76c:
- Vested 437.5K PENDLE ($64.1K) from April 29, 2022, to April 28, 2023.
- Has deposited 327,211 PENDLE ($624K) to Binance at $2.497 on average on January 28 and 30, 2024.
- Still holds 187.5K PENDLE ($503K) and is gaining $1.06M (x16.6) thanks to holding the token for over 2 years.
![Wallet 0x76c's overall PENDLE fund movements.]
As PENDLE price surged 20% in 24H to its new ATH, two wallets (likely investors of Pendle Finance) deposited 477,211 PENDLE ($1.27M) to Binance.
#pendle #PendleFinance #deposit #investor #profit
$PENDLE $BNB
Guys we need your support ! Just $1 tip for a galaxy of ideas. Your pocket change, our research game changer. Let's tip the scales together!đđ
