In a significant development, cryptocurrency whales have been aggressively accumulating $PENDLE tokens, sparking speculation that the asset may be grossly undervalued. According to recent data, two major whales, identified by their wallet addresses 0xe1f5 and 0xB757, have withdrawn a staggering 1.76 million $PENDLE tokens (valued at $9.24 million) from Binance over the past seven days. What’s noteworthy is that these whales have opted to lock their $PENDLE holdings until December 17, 2026, indicating a long-term investment strategy. This move has led analysts to question whether $PENDLE is being unfairly undervalued, particularly given its position as the number one yield trading
The post Whales Go On $PENDLE Buying Spree, Fueling Undervaluation Speculation appeared first on The Merkle News.