The post Whales Scoop $2.6 Million in PENDLE as USDe Loop Goes Live—Dip First or Breakout? appeared on BitcoinEthereumNews.com.

Pendle (PENDLE) has rallied over 27% in the past 24 hours, following its new integration with Ethena (ENA). The collaboration enables a high-yield strategy using Pendle’s principal tokens and Aave’s borrowing markets, allowing users to loop stablecoins like USDe for fixed yields as high as 8.8%. As capital flooded into the new pools, both ENA and PENDLE surged, pulling in whales and traders. But even with this rally in motion, on-chain data hints that the next leg may not be immediate, and buyers might get a cheaper entry before the rally resumes. Whales Accumulate $2.6 Million in Pendle After ENA Loop Goes Live Whale activity exploded shortly after the ENA collaboration was announced. Over the past 24 hours, whales increased their PENDLE holdings by 11.08%, pushing their stash to 5.13 million tokens. This means they’ve bought approximately 513,000 new tokens, worth over $2.60 million at current prices. Pendle whale accumulation (daily window): Nansen This buying spree started before the rally as the whales were proactively buying PENDLE over the past seven days. This shows that the recent rally wasn’t just sentiment-driven but had major buying action driving it. Pendle whale accumulation (weekly window): Nansen One reason behind the renewed whale interest is the growing use of a strategy involving Ethena’s USDe, Pendle, and Aave. This loop lets users borrow USDe on Aave and deposit it into Pendle to earn fixed yields that are higher than the borrowing cost, making it a profitable trade. These pools are launching initially with limited capacity: • $100M cap for sUSDe (Sep ‘25) So be sure to get in early! pic.twitter.com/vYJzqDSRYQ — Pendle (@pendle_fi) August 7, 2025 As more capital enters this loop, Pendle sees an increase in total value locked (TVL) and protocol fees. That boost in platform activity is likely why whales are…

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Filed under: News - @ August 8, 2025 5:32 pm