Pendle investors make a big move: 1.8 million PENDLE transferred out of exchanges, nearly 15x increase in value over 3 years

OnChainDetective · 2026-01-23T00:50:21+00:00

An early investor in Pendle recently transferred 1.8 million PENDLE tokens to an exchange, valued at approximately $3.83 million. These tokens have increased nearly 15 times over the past three years, reflecting large holders adjusting their positions amid market volatility. The market judgment of institutional investors is worth paying attention to.

OnChainDetective

2026-01-23 00:50:21

Abstract generation in progress

【Blockchain Rhythm】An early investor in Pendle has just made a major move. According to on-chain data monitoring, this address transferred 1.8 million PENDLE (currently valued at approximately $3.83 million) to a major exchange 7 hours ago.

Interestingly, these tokens have a story — they were gradually unlocked from Pendle’s token unlock contract between April 2022 and April 2023, when the entire position was only worth $266,000. Over three years, this asset has increased nearly 15 times.

This move by the large holder was made amid market volatility. Whether they will reduce or adjust their holdings remains to be seen. As a leading project in the yield derivatives sector, such position changes often reflect institutional investors’ real-time market judgments.

PENDLE-0,66%

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MEVVictimAlliance

· 15h ago

This big player's reaction speed is really fast. Is it a top signal? Or just a consolidation of chips...

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RatioHunter

· 15h ago

Large investors making such big moves, either they are bearish or really rebalancing their portfolios. Anyway, not a good sign... --- 260,000 turning into 15 times that, those were the good old days. Now entering the market, sigh... --- Pendle's recent actions seem like testing the waters. There might be big moves coming later. --- A one-time investment of 3.83 million USD into an exchange. This guy really has a plan for the market. --- Early investors are all fleeing, and I’m still waiting for a rebound. --- Thinking of selling after a 15x gain? Or are they bearish about the future...

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MemeKingNFT

· 15h ago

The big player's move this time is quite interesting, turning 266,000 into 3,830,000... Is this the power of faith or just good luck catching the trend? --- A 15x increase is indeed incredible, but is reducing positions now smart or bearish? I still feel something's off. --- Whenever I see this kind of operation on-chain data, I get nervous. I always feel like someone already knows something. --- I still haven't fully understood the derivatives market, but those who got in early and saw a 15x return really made a killing. --- A 3-year 15x return sounds great, but could it just be a signal for a harvest... --- Pendle remains a top project, but it all depends on how this big player will operate next. --- Throwing 3,830,000 directly into the exchange looks like they are planning to cash out. With market sentiment so poor, who would dare to take the buy-in?

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PumpAnalyst

· 15h ago

Doubling 15 times and still throwing money into the exchange, the whales are about to dump, brothers [Thinking] --- This sell-off signal is too obvious. Everyone should hold onto their chips and not get cut. --- Speaking of which, this batch of tokens went from 260,000 to 3,830,000. What does that mean? It means the project team is also optimistic, but now they want to run... --- The technical indicators have already given signals. If the support level can't hold, it's time to consider taking profits, everyone. --- I'm not trying to alarm you, but if big players throw this much into the exchange, only retail investors will be left holding the bag. Be cautious. --- $3.83 million USD. If this was dumped all at once, can the market absorb it? Just think about it, and you'll understand. --- A 15x increase over three years is indeed impressive, but the question is, why are they in such a hurry to cash out now? That's something to ponder.

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MetaNomad

· 15h ago

1.8 million coins poured into the exchange—Is this guy really cutting losses or just taking the opportunity to rebalance? Would it be too conservative to take a 15x profit directly?

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