$PENDLE Pumps Hard And It’s Not Just Hype

PENDLE ripped +27.7% in 24h while the market crawled +3%.

The move is backed by fresh catalysts:

1. Big Wallet Move: A @Pendle multisig sent 900K PENDLE ($4.65M) to Binance. Usually a sell signal, but the wallet still holds $135M+, hinting it’s more about liquidity or partnerships than dumping.

2. Yield Loop Mania: @Ethena Labs USDe now makes up 60% of Pendle’s $5.2B TVL. This unlocks crazy “infinite loop” yields, and the 5% fee on Principal Tokens directly fuels PENDLE demand.

3. Bottom line: Strong fundamentals + reflexive yield demand + bullish chart = not just a pump.

Pendle’s showing it might be the king of yield this cycle.