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Shae
Shae
Today's random curiosity got me researching on @pendle_fi's $PENDLE using @nansen_ai and I'd like to share tidbits of my findings: Pendle took a hit from the KelpDAO incident as rsETH was a core asset in Pendle's yield tokenization ecosystem, which made the team paused rsETH PT/YT markets. Price fell from $1.48 to $1.24 (-13.3%) at the worst point. Over the past 48 hours, price climbed from $1.28 to a $1.37 local high before a dump to $1.29 on $128,000 volume, eventually stabilizing back at $1.32 (net 48h change: +2.5%). That being said, the token is still 10.8% below pre-hack peak 🥲 I'd like to highlight some wallet addresses from top $PENDLE PnL traders who have been purely buying and not selling in the past 48h that contributes to the price recovery: 0x032e93c5d1d5e749b4f2331f9a20d9e7150de2a0 - +$49.7k (38.2k PENDLE) 0xfd8f979e26cce0c2891c6e00f18f208521e0e080 - +$14.9k (11.k PENDLE) 0xb7013a0e54f74bd054d968ee0c6a8d24acc0476f - +10k (7.6k PENDLE) [former smart trader opening a fresh position in the past 24h] Another thing to notice is: exchange outflows are net negative (-$34.4k), and buy/sell ratio favours buyers. No signs of distribution, so it seems a pretty bullish signal to me👀 #NFA or at least, token price recovery mode is on and slowly working. So, are you bullish & interested to buy $PENDLE? :3

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