PENDLE has emerged as a top-performing cryptocurrency this Wednesday, surging nearly 8% as bullish whale transactions and exchange listings fuel investor confidence. The latest on-chain data reveals that large-scale investors have accumulated approximately $8 million worth of PENDLE, signaling heightened demand for the token.
Whale Transactions Drive PENDLE Price Surge
As of press time, PENDLE is trading at $3.05, marking an 8% increase over the past 24 hours. The token’s daily low and high have been recorded at $2.84 and $3.07, respectively. A significant factor behind this price jump is the increasing whale activity observed in recent days. Blockchain tracker Lookonchain reported that five newly created wallets have collectively amassed $8 million worth of PENDLE in the past five days.
Whales are accumulating $PENDLE!
— Lookonchain (@lookonchain) April 2, 2025
5 newly created wallets withdrew 2.66M $PENDLE($7.9M) from #Binance in the past 5 days.
Address:
0x21fBA58b20f62397c015bc1f5a15f742ad430dFA
0x2EB48c60F4ea75fa0a0Ff5BB017EBD9f5981b8F5
0x11DFEDf01B3FA824BbCB138159B2e6AFE43692a3… pic.twitter.com/hnnXVeUqUY
Whale Addresses Identified:
- 0x21fBA58b20f62397c015b1f5a15f742ad430dFA
- 0x2EB48c60F4ea75fa0a0Ff5BB017EBD9f5981b8F5
- 0x11DFEDf01B3FA824BbCB138159B2e6AFE43692a3
- 0x981D8856f572Fb076626265114EAD67697dA5501
- 0x6478C8681ADC3E7a0C17Aa1E1F0Ff16d1A61a8f6
Coinbase Listing Fuels Market Optimism
Adding to the bullish sentiment, leading cryptocurrency exchange Coinbase recently listed PENDLE at the end of March. Historically, major exchange listings have been catalysts for price surges, as they increase liquidity and attract new investors. Similar trends have been observed in past token listings, such as BROCCOLI and TUT, which experienced price rallies following their introduction on Binance. The increased accessibility of PENDLE via Coinbase is likely contributing to the current whale accumulation.
Can PENDLE Sustain Its Bullish Momentum?
Market analysts remain optimistic about PENDLE’s future price trajectory. Notably, crypto analyst AMCrypto recently pointed out a bullish “inverse head and shoulders” pattern forming on PENDLE’s price chart. This technical pattern typically signals a potential trend reversal from bearish to bullish.
According to AMCrypto, a decisive break above the $3 level could pave the way for a significant rally. With PENDLE already trading above this threshold, traders and investors are closely monitoring the token for further bullish momentum. As whale accumulation continues and exchange exposure grows, PENDLE could be poised for further gains in the coming weeks.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Pendle Crypto Price Soars 64% To $4.08 Despite $6.91M Whale Sell-Off – Will It Break $5 Next?
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
