According to Lookonchain, large cryptocurrency holders, known as whales, are significantly accumulating $PENDLE tokens. Two notable wallet addresses, 0xe1f5 and 0xB757, have withdrawn substantial amounts from Binance. Specifically, 0xe1f5 withdrew 200,000 $PENDLE, valued at $1.05 million, while 0xB757 withdrew 250,000 $PENDLE, worth $1.31 million, within the past 15 hours. Over the past week, these two addresses have collectively withdrawn a total of 1.76 million $PENDLE, equivalent to $9.24 million, from Binance, indicating a strategic accumulation and potential market impact.

According to Lookonchain, significant whale activity has been observed in the accumulation of $PENDLE. Two major addresses, 0xe1f5 and 0xB757, have withdrawn substantial amounts of $PENDLE from Binance, with 200K ($1.05M) and 250K ($1.31M) respectively. Over the past week, these whales have collectively withdrawn 1.76 million $PENDLE, valued at $9.24 million, from Binance and have locked these funds. This activity suggests a strategic accumulation phase by large holders.