Whales Accumulate Over $7.9 Million in PENDLE Tokens: Are They Buying the Dip?

Analysis by Lookonchain reveals a significant accumulation of PENDLE tokens ($PENDLE) worth over $7.9 million from five newly generated wallets on Binance. This activity, coupled with strong net outflows observed on Coinglass, suggests a potential buying opportunity for the token’s price. 🧐 The data indicates that these whales only started accumulating funds in the past few days, further suggesting bullish market sentiment and confidence in the PENDLE token.