Pendle Sees 2.18 Million Tokens Withdrawn Amid SEC Regulatory Support

Pendle, a decentralized finance (DeFi) protocol, has seen significant activity recently, with over 2.18 million PENDLE tokens, worth approximately $8.31 million, withdrawn from Binance within six days. This large-scale withdrawal could indicate rising institutional interest, particularly as the Securities and Exchange Commission (SEC) continues to develop regulations for the DeFi sector. The SEC's growing support for regulatory fairness in DeFi may be encouraging traditional financial players to explore compliant yield-bearing protocols. At the time of writing, PENDLE was trading at $3.82, reflecting a 1.24% increase over the past 24 hours.

Pendle's on-chain growth has been robust, with new addresses increasing by 10.89% and active addresses rising by 1.08% over seven days. This consistent rise in user activity suggests healthy protocol engagement and potentially increasing organic demand. Despite recent price fluctuations, the network continues to attract new users, indicating that Pendle’s DeFi utility is resonating with a broader crypto audience. This persistent address growth supports a long-term bullish outlook, especially if regulations continue to open the door for traditional investors.

A 300% increase in transaction volumes for $1M–$10M trades, alongside an 184.11% rise in mid-tier activity in the $1–$100 range, reveals a significant shift in market dynamics. These large trades, likely driven by institutional players, indicate that Pendle is capturing interest across the board, from whales to retail participants. The spike in transaction diversity could hint at growing trust in Pendle’s role within the DeFi yield ecosystem. However, if this capital is speculative rather than conviction-based, short-term volatility might remain elevated.

The Network Value to Transactions (NVT) ratio for PENDLE soared to 865 before retracing to 37.67, indicating recent overvaluation relative to network throughput. Historically, such spikes suggest a temporary disconnection between price and transaction volume. Traders and investors should remain cautious about potential price corrections. However, the decline in NVT after the peak also hints at greater usage or a fall in market cap, both of which could normalize Pendle’s valuation in the short term. In either case, the token may need to consolidate before setting up for a stronger move.

Technically, PENDLE broke below its ascending channel, with its price hovering around $3.82 and support at $3.69. The Relative Strength Index (RSI) sat at 45.61, indicating neutral but fragile momentum. The Parabolic SAR dots flipped above the price, reinforcing a short-term bearish outlook. However, if bulls reclaim the $4.40 level, the structure could reset bullish. Ultimately, with regulatory winds shifting and whales accumulating, PENDLE may be in consolidation rather than a breakdown, awaiting a catalyst to resume its DeFi-driven ascent.

Despite PENDLE’s short-term technical fragility, the surge in institutional accumulation paired with the SEC’s favorable tone towards DeFi presents a compelling long-term thesis. If regulatory clarity continues to improve, Pendle could emerge as a strategic vehicle for compliant yield exposure. Therefore, while technical headwinds remain, the fundamentals suggest confidence in DeFi’s future.