Whales’ Hoarding Soars as PENDLE Withdraws Over $8.3M from Binance Amid New Regulatory Expectations
Despite declining funding rates and weak technical conditions, addressable activity and transactions show an increase in adoption and acceptance.
Over 2.18 million PENDLE worth $8.31 million were withdrawn from Binance in six days, which could be a sign of growing interest from institutional investors, especially as SEC regulations on DeFi (DeFi) protocols are reshaping the cryptocurrency market.
This withdrawal is in line with the SEC’s push for fairness in DeFi regulation, which could prompt traditional investors to explore more law-abiding Yield protocols. Currently, PENDLE is trading around $3.82, up 1.24% over the past 24 hours.
With growing interest from both governments and institutional investors, the market is closely watching moves that could create a breakthrough in DeFi adoption.
Address Growth Analysis: Is It a Signal of Sustainable Demand?
Pendle’s on-chain development program has shown clear strength recently, especially among retail users. Over the past 7 days, new addresses increased by 10.89%, while active addresses increased by a slight 1.08%.
This lack of signs of decline indicates continued active user engagement, reflecting healthy protocol activity and the potential for growing organic demand.
While the token price may be volatile in the short term, the network is still attracting new users, showing that Pendle's utility in the DeFi space has reached a wider crypto audience.
Pendle's long-term growth potential will be further supported if regulations continue to open the door to traditional investors.
Source: IntoTheBlock
What does the 300% increase in shark trades reflect about market confidence?
The 300% spike in deals worth between $1 million and $10 million shows a clear shift in market dynamics. These large deals, likely driven by institutional investors, were accompanied by a surge in mid-tier deals in the $1–$100 range, up 184.11%.
This trend shows that Pendle has attracted the attention of all levels of investors, from whales to retail investors. The diversity in trading activity may reflect the market's growing confidence in Pendle's role in the DeFi yield ecosystem.
However, if this capital is primarily speculative rather than a reflection of sustained confidence, short-term volatility may remain high.
Source: IntoTheBlock
Does Pendle's Value Exceed On-Chain Activity?
The NVT (market value to on-chain transaction volume) index rose to 865 before falling to 37.67 – indicating temporary overvaluation relative to network capacity.
Such spikes often reflect a temporary imbalance between price and volume. Traders should be cautious of the possibility of a short-term price correction.
The decline in NVT after the peak also suggests increased usage or a decline in market capitalization – both of which could help Pendle’s valuation correct in the short term. The token may need to enter an accumulation phase before it prepares for a stronger rally.
Source: Santiment
Is PENDLE's Bullish Structure Broken or Just a Healthy Retest?
Technically, PENDLE has broken out of its previous bullish channel, with the price hovering around $3.82, with key support at $3.69. The RSI stands at 45.61 – indicating neutral but weak bullish momentum. The Parabolic SAR dots have moved above the price, reinforcing the short-term bearish view.
However, if the bulls reclaim the $4.40 high, the structure could return to bullish momentum. In the long term, when regulations and whales are more balanced, PENDLE may move into a consolidation state, waiting for the stimulus to break out again in the DeFi sector.
Source: TradingView
While PENDLE’s short-term structure is fragile, institutional accumulation and positive SEC sentiment highlight the project’s long-term viability.
If regulations continue to become clearer, Pendle could become a strategic tool to diversify profits from legitimate Yield channels in the ever-expanding DeFi market.
So, despite the technical pressures, the fundamentals still show confidence in the growth of the decentralized cryptocurrency market.
Source: https://tintucbitcoin.com/pendle-sec-and-the-future-of-defi-bien-dong/
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