Whales Withdraw 1.76 Million PENDLE Tokens from Binance, Sparking Market Interest

COINOTAG News reports that on December 26th, monitoring from LookIntoChain revealed significant movements in the crypto asset PENDLE. A prominent wallet address, 0xe1f5, executed a withdrawal of 200,000 PENDLE tokens, approximately valued at $1.05 million, from the Binance exchange just seven hours ago. Concurrently, another wallet, 0xB757, also made headlines by withdrawing 250,000 PENDLE tokens worth around $1.31 million fifteen hours prior. Over the past week, these two whales have collectively withdrawn a staggering 1.76 million PENDLE tokens, translating to a total value of $9.24 million, with intentions to stake these tokens until December 17, 2026. Such activities underscore a growing trend among investors towards staking and long-term holding in the current climate.