$PENDLE Dormant Whale Stakes $5M in Pendle
After nearly three months of inactivity, whale 0xa945e9 has resurfaced with a bold move — withdrawing 1M $PENDLE worth $5.05M from Binance and locking it directly into Pendle Finance’s vePendle staking contract.
This decision signals long-term conviction, as staking in vePendle typically ties up tokens for yield optimization and governance influence, rather than short-term trading. By choosing to commit such a large allocation, the whale is effectively betting on Pendle’s ecosystem growth and the sustainability of its yield mechanics.
🔎 The timing is notable: Pendle has been gaining traction as institutions and whales explore tokenized yield strategies. Such large-scale staking activity could strengthen market confidence, especially if more whales follow suit.
👉 Watch closely: whale staking moves often foreshadow reduced circulating supply, which can shift the balance of market dynamics.
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