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Looking for DeFi Yield? Pendle Offering 12%+ APR on Stablecoins Right Now


by Anisha Pandey
for CoinEdition
Pendle Whales Accumulate: $8M PENDLE Leaves Binance Weekly
  • Pendle sees surge in whale withdrawals from Binance (~$8M in 5 days) per Lookonchain
  • Project offers high DeFi yields (12%+) contrasting low market average (5.8%)
  • PENDLE price (~$2.95) shows slight gain; needs to hold $2.60 EMA support

Pendle (PENDLE), a DeFi protocol focused on tokenized yield trading, drew attention recently due to a reported surge in large whale transactions associated with its token. 

According to data from on-chain analytics provider Lookonchain, five newly created wallets collectively withdrew 2.66 million PENDLE tokens from Binance.

This amount was valued near $7.9 million over the past five days, as reported by Lookonchain. This significant off-exchange movement suggests growing confidence among large holders and sets up a bullish price movement for PENDLE if accumulation continues.

Historically, large wi…

The post Looking for DeFi Yield? Pendle Offering 12%+ APR on Stablecoins Right Now appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Looking for DeFi Yield? Pendle Offering 12%+ APR on Stablecoins Right Now


by Anisha Pandey
for CoinEdition
Pendle Whales Accumulate: $8M PENDLE Leaves Binance Weekly
  • Pendle sees surge in whale withdrawals from Binance (~$8M in 5 days) per Lookonchain
  • Project offers high DeFi yields (12%+) contrasting low market average (5.8%)
  • PENDLE price (~$2.95) shows slight gain; needs to hold $2.60 EMA support

Pendle (PENDLE), a DeFi protocol focused on tokenized yield trading, drew attention recently due to a reported surge in large whale transactions associated with its token. 

According to data from on-chain analytics provider Lookonchain, five newly created wallets collectively withdrew 2.66 million PENDLE tokens from Binance.

This amount was valued near $7.9 million over the past five days, as reported by Lookonchain. This significant off-exchange movement suggests growing confidence among large holders and sets up a bullish price movement for PENDLE if accumulation continues.

Historically, large wi…

The post Looking for DeFi Yield? Pendle Offering 12%+ APR on Stablecoins Right Now appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin at $112K, XRP, SOL Steady as Rate Cuts Sentiment Lingers Ahead of Jobs Report

Bitcoin at $112K, XRP, SOL Steady as Rate Cuts Sentiment Lingers Ahead of Jobs Report

“A $100K+ floor makes Bitcoin feel less like a high-beta trade and more like a global...
Bitcoin Bulls Should Keep an Eye Out for Spike In Key Bond Market Index

Bitcoin Bulls Should Keep an Eye Out for Spike In Key Bond Market Index

The MOVE index, an indicator of bond market volatility, has surged, signaling potenti...