Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»PENDLE’s 108% monthly rise – Will we follow this whale and hold on?
ALTCOIN NEWS

PENDLE’s 108% monthly rise – Will we follow this whale and hold on?

By Crypto FlexsApril 5, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
PENDLE’s 108% monthly rise – Will we follow this whale and hold on?
Share
Facebook Twitter LinkedIn Pinterest Email
  • PENDLE holders benefited from the exponential surge.
  • The price rise can be linked to a surge in deposits on parent platform Pendle Finance.

PENDLE, the native token of decentralized finance (DeFi) protocol Pendle Finance, has emerged as a hot commodity due to its astronomical rise in value over the past few weeks.

Why is PENDLE in the news?

The altcoin is up nearly 50% in a week and a whopping 108% in a month, according to CoinMarketCap. Since the beginning of the year, PENDLE’s value has increased more than five-fold, boasting a market capitalization of more than $1 billion at press time.

This upward trend has resulted in a rapid increase in profitability for coin holders. In fact, according to AMBCrypto’s analysis of Santiment data, approximately 99.73% of PENDLE’s total supply was profitable at press time.

Additionally, the average PENDLE holder can realize a 50% return on their investment, as seen in the 30-day MVRV ratio.

pendle profitability

Source: Santiment

Moreover, holders are already finding it difficult to resist such temptations. For example – according to Spot on Chain, an on-chain tracking platform, traders have been seen moving a significant portion of their PENDLE holdings to cryptocurrency exchange Binance.

Investors transferred 200,000 tokens worth $1.25 million as of press time on Thursday. Just four days before this transaction, they deposited 162,000 tokens worth $919,000. Both transfers took place when PENDLE was at its peak.

Interestingly, they purchased this token in 2022-23, when the price of PENDLE was $0.147. There are still 200,000 PENDLE left in the whale’s wallet, so further price rises are expected.

Pendle Finance’s TVL surges

PENDLE is the governance token of Pendle Finance, a unique platform that allows users to trade and price tokenized yielding assets. The rally could be linked to a surge in deposits on the platform, which stood at nearly $4 billion at the time of press.

Commute Finance TVLCommute Finance TVL

Source: DeFiLlama

A closer look at AMBCrypto shows that the recent increase in TVL is due to large inflows of USDe, Ethena Labs’ so-called synthetic stablecoin. The asset appeared to offer a 37% annual return at the time of press, encouraging users to deposit it into Pendle to increase their income.

Next: Polygon & MATIC – Are You Really Doing Well? Should I be worried?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Add A Comment

Comments are closed.

Recent Posts

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025

Lombard Liquid Bitcoin Summary Summary

October 3, 2025

Easily Earn $5588+ In Passive Income Every Day With PlanMining Cloud Mining

October 3, 2025

The reason why hyper clicade wins aster with Perp DEX, which can be most invested.

October 3, 2025

Psy Protocol Testnet Combines Internet Scale And Speed With Bitcoin-Level Security

October 2, 2025

Eightco Holdings Inc. ($ORBS) Expands Investor Access With Options Trading

October 2, 2025

How To Use A Bitcoin Heatmap For Smarter Trading Decisions

October 2, 2025

Pioneer the future of digital innovation throughout Web2 and Web3

October 2, 2025

Codego Launches Whitelabel Devices Bringing Tokens Into Daily Life

October 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025
Most Popular

BTC price level expected for Bitcoin whales to ‘lure’ the market to $42,000

December 4, 2023

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025

XRP Outperforms Crypto Markets with 17% Pump — What’s Driving the Rally?

November 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.