A significant amount of PENDLE was deposited on the Binance exchange by a crypto whale known as 0xb26. This whale has been actively trading the PENDLE token and has made a substantial profit from these transactions. Data show that the network purchased and sold PENDLE at different prices, resulting in profit. Despite selling a portion of the tokens, the whale still holds a considerable amount with an unrealized profit.

Market Sentiment and Recent FUD

Recently, there has been fear, uncertainty, and doubt (FUD) surrounding PENDLE due to misinformation spread about its allocation from the @eigenlayer project. However, the team clarified that the 10% allocation for DeFi farming protocols in Phase 1 is strategic, and more rewards are planned for subsequent phases to reassure investors.

Analyzing the Investment Potential

Amid the market fluctuations, PENDLE has shown resilience and has the potential to attract value from various sources. Despite a decrease in price, Prithvir believes in PENDLE as a solid investment due to its trading capabilities and current market price. The fluctuation in PENDLE's price can be attributed to large-scale transactions by the whale and temporary market concerns, but the project's fundamentals and transparent communication can present a buying opportunity for long-term supporters.