Pendle (PENDLE) is attracting the attention of crypto investors amid the activity of large investors, notably a significant acquisition by the PEPE whale. This article examines the recent purchase of tokens and its impact on the market.
PEPE Whale Invests in Pendle
Recently, the PEPE whale purchased 607,863 Pendle tokens for 1,016.4 ETH, equivalent to approximately $1.86 million. This event occurred on March 11, 2025, drawing attention from crypto market participants.
Pendle Price Updates
Pendle has recently shown a 16.5% increase over the week and 25.6% over the month. Currently, the token is priced at $3.15, reflecting a 9.3% increase over the previous day. Market participation is increasing, creating favorable conditions for further growth.
Market Trends and Future Predictions
Analysis indicates that Pendle is in an upward trend, and may surpass the resistance at $3.20. The increase in traders’ positions and the formation of a rising wedge pattern also suggest prospects for further upward movement.
In conclusion, the activity of whales and positive price changes in Pendle may indicate the start of a new upward trend in the market. Investors and traders continue to monitor developments.
