PENDLE Price Jumps 8% Today Amid Huge Whale Accumulation
The post PENDLE Price Jumps 8% Today Amid Huge Whale Accumulation appeared on BitcoinEthereumNews.com.
PENDLE price has led the broader market gains this Wednesday, pumping nearly 8% amid bullish developments. Recent whale metrics indicated that large-scale investors bought roughly $8 million of the token, whereas a crypto exchange behemoth also listed it previously. In an upshot, traders and investors are eyeing more gains in the asset’s price due to recent advancements that underscore rising demand for the crypto. PENDLE Price Jumps 8% Amid Bullish Whale Transactions As of press time, PENDLE price witnessed an 8% uptick in value and exchanged hands at $3.05. The crypto’s 24-hour low and high were registered as $2.84 and $3.07, respectively. On a keynote, the rising price action aligns with the heightened buying pressure bought by whales in recent days. The latest data from tracker Lookonchain showed that whales bought roughly $8 million worth of coins in the past 5 days. Per the data, five newly created wallets collectively accumulated the aforementioned amount. Here Are The PENDLE Whale Addresses Captured: -0x21fBA58b20f62397c015b1f5a15f742ad430dFA-0x2EB48c60F4ea75fa0a0Ff5BB017EBD9f5981b8F5-0x11DFEDf01B3FA824BbCB138159B2e6AFE43692a3-0x981D8856f572Fb076626265114EAD67697dA5501-0x6478C8681ADC3E7a0C17Aa1E1F0Ff16d1A61a8f6 Why Are Whales Accumulating? Meanwhile, the rising whale accumulations and PENDLE price upswing fall in line with another bullish development. Crypto exchange behemoth Coinbase unveiled a listing for the token at the end of March last month. As a result, large-scale investors are hoarding massive amounts of the token, aiming to capitalize on emerging market opportunities. Historically, listings on top crypto exchanges usually usher a bullish price action as they substantially increase an asset’s market exposure, thereby welcoming more funds from investors. CoinGape previously reported another similar chronicle, wherein cryptos BROCCOLI and TUT price rallied with their listings on Binance. Similarly, the Coinbase listing appears to be a vital catalyst for driving the whale frenzy and recent price upswing. Can Bullish Developments Fuel Bull Run Ahead? Usual market sentiments continue to tilt in favor of bulls, given the…
Filed under: News - @ April 2, 2025 6:29 am