Pepe Whale 607,863 gains momentum as a pendle token

Pendle (Pendle) appears bullish as the whales appear to have begun to accumulate assets, suggesting a surge in the market that is likely to come in. Today, on March 11, 2025, Pepe Whale acquired 607,863 Pendle tokens on a massive scale, attracting the attention of crypto investors. This is due to today’s data reported by Onchain lens.

Pepe Whale Gambling in Pendell

Three days ago, the whales spent 1,016.4 ETH on 1,016.4 ETH and purchased 607,863 Pendle tokens at an average price of $3.0 for each coin.

According to the data, the whale could sell 28.121 billion Pepes coins for 1,060.53 ETH to get Pendle tokens and buy more.

This massive accumulation not only supports the surge in pendle prices, but also indicates that pendle coin accumulation by crypto whales may be driving recent price increases. Potential acquisitions by whales could develop frenzied purchases among investors and traders, further supporting the price-rising movement.

Pendle Price Update

Pendle has recently shown signs of bullish movement, with prices increasing by 16.5%, 25.4% and 25.6% over the past seven days, two weeks and a month ago, respectively. Today, at Press Time, assets are $3.15, up 9.3% over the past 24 hours. These green figures show that investors and traders are increasing interest in Pendle, indicating the potential for ongoing market gatherings.

Amidst increasing market participation, multiple on-chain indicators suggest that Pendle is gaining much attention. According to Coinglass metrics, Pendle’s open interest (IO) registered an increase of 15.21% the day before. This surge in IO shows that traders are creating new positions in the Pendle market.

Second, assets are currently in the process of forming a wedge pattern that rises in the daily time frame. Pendle formed this pattern after a considerable breakout from the downtrend a month ago. The token broke out on March 11, 2025 from a declined movement of over a month. Since then, assets have maintained an upward trend, recording a 69% increase from the recent decline of $1.86.

So far, the token has surpassed the key resistance area of ​​$3.10, and is currently at $3.15. If market gatherings continue, assets could gain forces to move beyond $3.20 beyond the next important area of ​​resistance.

The recent strong uptrend movements, increased positions created by traders, and bullish chart patterns mean that Pendle is preparing for a continuous uptrend.