$PENDLE Pendle generated $61,000 in protocol revenue over the past 24 hours, equivalent to roughly 3.9 days’ worth under normal conditions.
Such a large spike usually means trading activity surged over a short period. It could be driven by increased market volatility, or by a large holder or one-off transaction. From a capital perspective, what matters more to me is whether these users will still be around tomorrow. The token is up 6.43% over 24 hours.
Funding data can be a clue, but don’t treat it as an instruction to act.