Pendle (PENDLE) is the native token of Pendle Finance, a DeFi protocol focused on yield tokenization and structured yield markets across chains. Its price recently traded near ~$2 USD, down roughly −70 %+ from its all‑time highs near $7.5, reflecting long‑term correction after broader market rallies.
Latest price dips have been influenced by team wallet transfers of millions of tokens to exchanges, which markets often interpret as potential selling pressure.
A major tokenomics overhaul (moving from vePENDLE to liquid sPENDLE) is underway, aimed at improving liquidity and reducing emissions, but near‑term uncertainty around the transition has weighed on sentiment.
Technicals show the price trading below key moving averages with bearish momentum in the short run, though the structural upgrade could support longer‑term demand if adoption rises.
Pendle’s role in DeFi yield markets and growing TVL metrics gives it a fundamental use case, but mixed sentiment and possible supply pressure keep traders cautious.
@Pendle $PENDLE #PENDLEBULLISH #pendle