Pendle team-related wallet transfers $3.84 million worth of tokens for the first time after a three-year lock-up period

YieldWhisperer · 2026-01-23T02:00:10+00:00

The Pendle project team will lock 1.8 million PENDLE tokens for three years and transfer them to major exchanges, valued at approximately $3.84 million, with an increase of over 14 times. This move may indicate an adjustment in their asset management strategy.

YieldWhisperer

2026-01-23 02:00:10

Abstract generation in progress

【CryptoWorld】Onchain Lens detected a key transfer: The Pendle project team’s related wallet transferred 1.8 million PENDLE tokens, which have been held long-term, to a major exchange. This operation involves approximately $3.84 million, representing a gain of over 14 times compared to the initial acquisition cost of $266,000. Notably, these tokens have been locked in the wallet for three years, and this transfer may indicate a change in the long-term holding phase. On-chain data shows that the movements of team-related wallets are often a focus for market participants, and this transfer may reflect the project’s asset management strategy adjustment in the current market environment.

PENDLE4.39%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

23 Likes

Reward
23
7
Repost
Share

Comment

0/400

GateUser-5854de8b

· 01-25 23:14

Haha, no way, just after the three-year lock-up period ends, it dumps? --- Why not cash out? Who can resist a 14x return? --- This move is fine, the team also needs to eat. --- Wait, a large transfer into the exchange... is this to sell off or what's going on? --- Feels like something's about to happen. Otherwise, why rush to transfer to the exchange after the lock-up ends? --- A 14x return and still holding? I would have sold early.

View OriginalReply0

DegenDreamer

· 01-25 12:47

Has the team started selling off? Locked in for three years before they can unlock, this pace is a bit quick...

View OriginalReply0

RetiredMiner

· 01-23 02:28

14x returns are indeed impressive, but the selling pressure at this point is a bit strong...

View OriginalReply0

NewPumpamentals

· 01-23 02:25

Damn, the team is dumping directly? As soon as the three-year lock-up period ends, they immediately transfer to the exchange. This pace is a bit hard to keep up with...

View OriginalReply0

Deconstructionist

· 01-23 02:22

Oh wow, is the team about to start cashing out? Locked in for three years just for this moment

View OriginalReply0

JustAnotherWallet

· 01-23 02:20

Hmm... The team transferring large amounts to the exchange, is this to dump or what? --- Locking for three years and transferring directly to the exchange, this move seems a bit suspicious. --- 14x appreciation and still pouring into the exchange, should I run or hold firm? --- Wait, is this a signal to dump, or am I overthinking? --- First thing after the three-year lock-up expires: clear out? Something's not right. --- 3.84 million USD into the exchange... now I can watch the show. --- I'm used to the team cashing out, but the key is whether the coin price can hold up. --- I just want to know if this is a staged sell-off or a one-time dump. --- Same old story, after the lock-up expires, transferring to the exchange—this script is played out.

View OriginalReply0

GweiTooHigh

· 01-23 02:12

Hmm... Starting to run after a 14x return? Is the team hinting that it's peaked?

View OriginalReply0