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

• 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.

Whales are accumulating $PENDLE!

5 newly created wallets withdrew 2.66M $PENDLE($7.9M) from #Binance in the past 5 days.

Address:
0x21fBA58b20f62397c015bc1f5a15f742ad430dFA
0x2EB48c60F4ea75fa0a0Ff5BB017EBD9f5981b8F5
0x11DFEDf01B3FA824BbCB138159B2e6AFE43692a3… pic.twitter.com/hnnXVeUqUY

— Lookonchain (@lookonchain) April 2, 2025

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…

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