Whale Accumulates 1.5 Million PENDLE: Is a Price Reversal Coming After a 65% Dip?

Pendle (PENDLE) has experienced a significant decline, losing over 65% of its value since August 2025. Recent activity from a crypto whale suggests a potential reversal, alongside rising staking interest and increased trading volumes. This article examines the current market dynamics around PENDLE, highlighting key indicators and trader positions.

Key Takeaways

Negative Trend: PENDLE has decreased over 65% in value since August 2025 but may be on the verge of a reversal.
Whale Activity: A new whale wallet withdrew 1.5 million PENDLE tokens worth about $2.82 million from Binance, suggesting bullish sentiment.
Staking Increase: The amount of staked PENDLE tokens has surpassed 11 million, indicating investors are holding rather than selling.
Current Pricing: PENDLE is trading at $1.96 with a recent rise in price and trading volume.
Market Dynamics: If PENDLE holds above $1.70, it could potentially rise further, but a failure to maintain this level could lead to further declines.

Whale accumulates 1.5 million PENDLE: Is a price reversal coming after a 65% dip?

Current Market Overview

Pendle (PENDLE) has seen a sharp decline of over 65% since August 2025. However, recent indicators suggest that this downtrend may be reversing. A significant signal comes from a crypto whale who has recently shown a considerable interest in purchasing PENDLE.

According to Onchain Lens, a reputable crypto tracking platform, a newly established whale wallet, labeled “0xd28,” has withdrawn a substantial 1.5 million PENDLE tokens from Binance, equating to about $2.82 million. The whale has placed the tokens in a time lock until January 20, 2028, showcasing strong long-term confidence in this asset.

Whale accumulates 1.5 million PENDLE Source: X/OnchainLens

In the world of cryptocurrency, pulling tokens from exchanges is generally viewed as a positive sign. It indicates that these assets are being moved from exchange wallets into personal wallets, pointing towards long-term holding.

A Rise in PENDLE Staking

Another encouraging sign for PENDLE is the increase in staking activity observed over the past week. Data from Dune, an on-chain analytics platform, shows a consistent rise, with staked PENDLE tokens exceeding 11 million in just one week.

Staked PENDLE numbers growing Source: X

This trend indicates that investors are opting to lock away their assets instead of selling them. Such behavior typically indicates stronger confidence in the token and helps alleviate selling pressure in the market.

Pricing and Trading Volume Insights

As of now, PENDLE is valued at $1.96, with a steady increase of 4.95% over the last 24 hours. The trading volume has also risen by 13%, reaching $43.24 million. This uptick in trading volume, along with price increases, suggests that traders are actively engaged in the current market trend.

AMBCrypto’s technical analysis shows that PENDLE has been trading within a defined range, oscillating between $1.70 and $7 on the weekly chart since January 2024. During this time, the price touched the lower boundary on several occasions, leading to notable reversals. Historically, these reversals resulted in gains of over 200% in instances from March 2024, August 2024, and March 2025.

Pendle (PENDLE) price action Source: TradingView

Based on these historical patterns, there is a possibility that PENDLE may replicate this behavior once more. If the token manages to stay above the $1.70 level, it could see a rise of about 22%, potentially reaching $2.38 soon. Should bullish momentum persist and break through the $2.40 resistance, an additional 17% increase may push the price towards $2.81.

Conversely, if PENDLE falls below the $1.70 support level, this bullish outlook may be negated, leading to larger declines in price.

Pendle (PENDLE) price action Source: TradingView

Currently, the Money Flow Index (MFI), which measures market momentum by integrating both price action and volume, is at 51.23. This level indicates a balance between buying and selling pressure, with no signs of being overbought or oversold. Nonetheless, PENDLE’s price remains beneath the 50-day Exponential Moving Average (EMA), hinting at bearish sentiment in the short term.

Traders Focused on Long-Leveraged Positions

Data from CoinGlass reinforces this bullish perspective, showing that intraday traders are positioning heavily around the $1.842 level on the downside and $1.983 on the upside. Traders have accumulated approximately $503.55K in long-leveraged positions and $270.00K in short-leveraged positions.

PENDLE Exchange Liquidation Map Source: CoinGlass

This positioning suggests a strong inclination toward a bullish sentiment, with traders believing PENDLE is unlikely to drop below the $1.842 level in the near future.

Conclusion

In summary, while PENDLE has experienced a notable decline, recent developments indicate a potential shift in momentum. The actions of crypto whales, rising staking levels, and increased trading volumes all point favorably towards a possible price recovery. However, traders should remain vigilant about market developments and maintain awareness of critical support levels to navigate potential shifts.