“It’s a Whale of a Tale: Pendle’s Million-Dollar Dive and the Not-So-Secret Loop” LOL 🐋💰

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Pendle (PENDLE) has, I dare say, rallied with a vigour most unexpected-over 27% in but a day’s turn-following a splendid union with Ethena (ENA). One might surmise this alliance was conjured by the Fates themselves, enabling what may be called a high-yield strategy, borrowing a page from Aave’s ledger and twisting it into a delightful loop of stablecoins like USDe, offering yield as tempting as a freshly baked scone-up to 8.8%, no less! 🍪📈

As the coins poured in, both ENA and PENDLE danced in the wind, attracting not only the common folk but the great whales and traders of considerable reputation.

Yet, amidst the merry cheer, whisperings in the on-chain corridors suggest that the next act may not be upon us just yet. Perhaps, dear reader, a more genteel entry at a lower price awaits before the curtain rises again on this bullish spectacle. 🤔

Whales Make a Splash: $2.6 Million in Pendle After ENA’s Grand Debut

Hardly surprising, the sizable residents of the ocean of crypto-these whales-began their binge shortly after the announcement of the Ethena alliance. Over the past twenty-four hours, they increased their treasure trove of PENDLE by a modest 11.08%, and now hold a hefty 5.13 million tokens-a veritable flotilla worth over two million six hundred thousand dollars. 🐋💎

Remarkably, this spree was not born of sudden sentiment but was brewèd over a week-no doubt a calculated move, akin to a master chess player. A clear sign that the recent rally was no mere whimsy but backed by serious buying-what a shocker! 😲

This interest in whales might be attributed to the cunning strategy involving Ethena’s USDe, Pendle, and Aave. Just imagine-borrowing USDe, depositing it in Pendle, and reaping yields higher than the cost of borrowing. A scheme that makes my head spin-and, quite possibly, the whales’ pockets heavy. 🐟💸

Initially, these pools are a limited affair:

• $100M cap for sUSDe (Sep ‘25)

Save your pennies, dear reader-early birds, and all that! 🐦

– Pendle (@pendle_fi) August 7, 2025

With more coinage flowing into this clever loop, Pendle’s TVL (that’s Total Value Locked, of course-not a typo) and protocol fees are swelling like a beachball. The whales, in their infinite wisdom, may just be expecting this demand for Pendle’s yield-tastic offerings to propel the token to new heights. Or perhaps they’re merely enjoying the show. 🎭

Yet, a tiny cloud appears on the horizon-a hint of caution. Data from exchanges shows a modest increase in PENDLE reserves sent to the exchanges, hinting that some may be eager to cash out or perhaps, just taking a breather. 🧐

Nothing to panic about yet-long-term believers might see this as a mere pause, a top-up before the next ascent. Or so I hope, at least. 🤞

Craving more market gossip and token insights? Sign up for the illustrious Harsh Notariya’s Daily Crypto Newsletter-your morning croissant of knowledge! 📰🥐

Price & RSI: Pendle’s Short-term Siesta Before the Moon? 🚀

Our dear Pendle remains in a bullish gait. It’s happily strutting within an ascending channel, having already busted through key resistance levels, now resting at around $5.23. Should the momentum persist, the next target-brace yourselves-are those mystical $5.88, promising a handsome 12% lift. 👍

Alas, all seems shiny on the surface, but the RSI whispers a different tale-higher highs in price, but lower highs in RSI, a classic bearish divergence. The buyers may be getting a tad tired, or perhaps just savoring a cuppa before the next coffee boost. ☕

Therefore, a brief lull could precede another breakout. Look out for support levels at $5.03 and $4.74-these might be an excellent place to dip a toe in if you fancy. A decisive break above $5.27, however, could skip the rest and send Pendle climbing unimpeded. 🚧

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2025-08-08 15:23