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


by Anisha Pandey
for CoinEdition
Pendle Whales Accumulate: $8M PENDLE Leaves Binance Weekly
  • 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.

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…

The post Looking for DeFi Yield? Pendle Offering 12%+ APR on Stablecoins Right Now appeared first on Coin Edition.

Read the article at CoinEdition

Read More

ALPACA Prediction for April 27th Hinges on Battle Between Squeezed Shorts and Overbought Signals

ALPACA Prediction for April 27th Hinges on Battle Between Squeezed Shorts and Overbought Signals

Alpaca Finance (ALPACA) stunned the crypto market with an unexpected surge, when the ...
XRP to Target $2.50 Resistance If It Breaks Key $2.20 Level This Sunday, April 27th

XRP to Target $2.50 Resistance If It Breaks Key $2.20 Level This Sunday, April 27th

XRP has started showing signs of momentum shift after a relatively stagnant trading s...
MainNewsLooking for ...

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


by Anisha Pandey
for CoinEdition
Pendle Whales Accumulate: $8M PENDLE Leaves Binance Weekly
  • 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.

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…

The post Looking for DeFi Yield? Pendle Offering 12%+ APR on Stablecoins Right Now appeared first on Coin Edition.

Read the article at CoinEdition

Read More

ALPACA Prediction for April 27th Hinges on Battle Between Squeezed Shorts and Overbought Signals

ALPACA Prediction for April 27th Hinges on Battle Between Squeezed Shorts and Overbought Signals

Alpaca Finance (ALPACA) stunned the crypto market with an unexpected surge, when the ...
XRP to Target $2.50 Resistance If It Breaks Key $2.20 Level This Sunday, April 27th

XRP to Target $2.50 Resistance If It Breaks Key $2.20 Level This Sunday, April 27th

XRP has started showing signs of momentum shift after a relatively stagnant trading s...