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

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【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.

PENDLE-1,71%

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RetiredMiner

· 9h ago

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

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NewPumpamentals

· 9h ago

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...

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Deconstructionist

· 9h ago

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

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JustAnotherWallet

· 9h ago

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.

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GweiTooHigh

· 9h ago

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

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