Pendle: High-Yield DeFi Project Attracting Whale Attention

Pendle, a DeFi protocol focusing on tokenized yield trading, has seen a surge in large whale activity on Binance, with over $8 million worth of PENDLE tokens withdrawn in just five days. This significant movement comes as Pendle boasts an impressive 12% APY for stablecoin investors and contrasts the current market average of only 5.8%. The project’s price has shown a slight gain (~$0.95), though it currently needs to hold its $2.60 EMA support level.