2026-01-23 02:00:38

On-chain data shows that an early investor in Pendle transferred 1.8 million PENDLE tokens (currently valued at approximately $3.83 million) to an exchange within the last 7 hours. Interestingly, these tokens come from a token unlock contract between April 2022 and April 2023, when their value was only $266,000. The holder did not rush to cash out over the past 14 months but held onto the tokens until now—this decision has resulted in a 1,440% increase in asset value. From $266,000 to $3.83 million, this position's profit reflects the actual development of the Pendle protocol in the liquidity derivatives sector. Now that these tokens are flowing to an exchange, the market is speculating whether this signals some form of adjustment or is simply a risk management move. In any case, such large on-chain transfers are worth paying attention to—they often reveal the true intentions of market participants.

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rugpull_survivor

· 10h ago

This is what true hodl spirit looks like, a 1440% increase in 14 months... I'm jealous.

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TrustMeBro

· 10h ago

1440% profit, this guy's vision in the early stage is really sharp --- Is he about to sell? Or just diversifying risk, hard to say --- 260,000 to 3,830,000... what kind of mindset does it take to hodl all the way --- Early investors' movements, is this a signal? Need to keep a close eye --- Being able to hold for 14 months without selling shows that Pendle really has something --- Is transferring to an exchange necessarily a sell? Maybe it's just repositioning --- The logic behind this inflow and outflow is quite interesting, depends on how it develops next --- Over a thousand times the return, if it were me, I would have sold already haha --- Big players' actions, should ordinary people get in or get out

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NFT_Therapy

· 10h ago

1440% returns, bro, your luck is incredible, really made a killing early on --- Moving funds into the exchange must be to dump... Every time a big player acts, I get nervous too --- 260,000 turns into 3,830,000, I’m still hesitating over my Dogecoin... Why is the gap so huge --- Pendle liquidity derivatives really have something, no wonder it’s rising so fiercely --- Bro, your holding mentality is unmatched, 14 months without selling, if it were me, I’d have cut losses long ago --- Here we go again, whenever there's a large transfer, I have to guess whether it’s a dump or risk management, I just follow and sell --- 1440%, brother, now just take it as stable profit, a smart move --- Feels like Pendle is becoming more and more favored, otherwise early investors wouldn’t be so calm --- Moving funds into the exchange = warning of a dump? Or what, someone who understands tell me how to operate --- This is probably an information gap, they saw the opportunity 14 months ago, and we just heard about it now...

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LayerZeroHero

· 10h ago

1440% returns can be endured for 14 months without wavering, this guy's mental toughness is incredible --- By the way, if this were a dump, I would laugh. It supported us early on and now it hits us with a big blow --- It doesn't seem that simple. The rhythm of big players is obviously deliberate --- Early on, those who went all-in on Pendle must have made crazy profits... I just found out about this project --- But transferring to an exchange ≠ necessarily dumping, maybe they just want to reallocate in a different way --- From 266,000 to 3,830,000... this is the price of faith --- Watching the actions of big players is the most accurate. The recent flow to exchanges is worth waiting to see the follow-up --- Anyway, I keep an eye on these on-chain transfers, often able to sense the market's mood --- Pendle protocol seems to have really touched on something this time, otherwise how could it have increased 14 times

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DYORMaster

· 10h ago

1440% returns directly hitting the exchange, early investors probably aren't trying to catch the top, right? --- This guy's holding power is really strong, hasn't moved in 14 months, just waiting for this moment to cash out? --- Is Pendle really that powerful, or is this guy just trying to cash out to buy other things? --- On-chain transfers—if big players start selling off, then we should pay attention. --- From 260,000 to 3,830,000, the growth rate is tempting, but whether those who buy the dip today will survive until they sell is uncertain. --- I just want to know, is he bearish or just locking in profits and leaving? There must be a story. --- Large transfers into exchanges—most likely to dump, so be cautious. --- Early investors have been calm for 14 months; now that they're acting, the market should react accordingly. --- I've never heard of Pendle before, but this yield rate is indeed outrageous. --- I'm out of here. Major whales are starting to lock in profits, while retail investors are still dreaming.

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