There is barely no pumping price in price in Crypto, but Pendle may be an exception. In fact, pumping the price of the pendant 12 % today and more than 25 % on a monthly scheme, is now circulating at $ 3.20.
So, beyond this pump and why the Pendle price is pumped when almost everything decreases? Let’s discover.
What drives the high prices of Bandal
The “Dexu Ai” encryption analyzed a tweet on X, which explains the reason for the height of Pendle. The analyst noted that Pendle is the only sector that displays green in an open attention to Binance. This means that merchants open more positions on Pendle from their closure.
Pendle also has the highest positive financing rates in its sector. When financing rates are positive, people who hold long positions are pushing those who have short positions. This usually means the market morale of the bullish.
Given the open attention to each sector, we note that our sweet sector is the only green sector.
We look closely at the sector, we see a huge increase in OI On $ Pendle Pendle_fi (Also the highest positive financing rates in the sector).
additional… pic.twitter.com/jehmxzdkpo
– Dexu Ai (_dexuai) April 3, 2025
Binance whales are betting on Pendle despite the current bear market. Many things make Pendle attractive now. It was recently included on Coinbase, which usually brings more exposure. Pendle also expands to berachain and lives on Sonic.
The project offers many stable return options through products like Susda and Slvlusd. Founding players such as Vasanara digital also participate. Many people on Crypto Twitter talk about the Pendle connection to Hyperevm, with a member of TN_pendle score on the team.
The large money is transferred to Pendle
Onchain lens reported some of the main whale activity around Pendle. In the past three days, the whale has spent more than 1,016 ETH (about $ 1.86 million) the purchase of 607,863 meat symbols at about 3 dollars each.
This whale sold 281.21 billion PEPE for 1,060.53 ETH to finance these purchases. They may buy more Pendle soon.
When someone buys this a lot of distinctive symbol in a short time, it creates a strong purchase pressure. This is possible that this helped raise the price of Pendle. As the whale purchase continues, the price may continue to rise, especially when most other encryption assets decrease.
In the last three days, a $ Pepe The whale spent 1016.4 $ ETH ($ 1.86 million) to buy 607,863 $ Pendle At a price of $ 3 each.
The whale sold 281.21 b $ Pepe For 1,060.53 $ ETH To buy $ Pendle You will likely buy more.
Address: 0x373704E394EF150241aee836115d78aba3fc5c76
Data @NANSEN_AI pic.twitter.com/laaxwoxv49
Onchain (onchainals) lens April 4, 2025
Based on the current momentum, Pendle may continue to pay a higher -term payment. The purchase of the last whale and the positive essentials can take it to test the $ 3.50 mark soon.
If market morale improves, Pendle price It can reach $ 4 in the coming weeks. This is especially possible if the whale continues to buy or if more institutional players are involved. However, if Bitcoin takes another diving, it may struggle to make its gains. It will be important to see support levels about $ 2.80 and $ 2.50.
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