Why Is PENDLE Price Pumping Today?

TLDR:

• PENDLE price jumped over 30% as whale transfers, protocol growth, and bullish chart patterns aligned.
• TVL hit $5.2B with USDe making up 60%, driving recurring fees and increasing token demand.
• Integrations with Aave, Ethena, and HyperEVM pools boosted liquidity and ecosystem expansion.
• Bull flag breakout confirmed, with price now testing support above $5 for potential further gains.

Pendle’s token has taken off, posting a sharp gain while most of the crypto market moved modestly. In the past 24 hours, PENDLE rose more than 27 percent compared to the market’s 3 percent climb. 

Traders and analysts are pointing to a mix of large wallet activity, protocol growth, and on-chain demand for yield as the main drivers. Observers note that the rally is reinforced by both fundamental and technical factors. 

The focus now turns to whether the token can maintain this momentum in the coming days. At press time, the PENDLE price sits at $5.30, up over 30%, with volume hitting $410 million.

Big Wallet Transfers and Liquidity Shifts

According to market data shared by @CryptoWinkle, a wallet linked to Pendle’s multisignature treasury moved 900,000 PENDLE, worth around $4.65 million,  to Binance. 

While such transactions can hint at selling, the same wallet still holds over $135 million in PENDLE. This has led some market watchers to suggest the transfer may be tied to liquidity management or potential partnerships rather than a liquidation event.

$PENDLE Pumps Hard And It’s Not Just Hype

PENDLE ripped +27.7% in 24h while the market crawled +3%.

The move is backed by fresh catalysts:
1. Big Wallet Move: A @pendle_fi multisig sent 900K PENDLE ($4.65M) to Binance. Usually a sell signal, but the wallet still holds $135M+,… pic.twitter.com/9n4OfeQMN2

— Crypto Winkle (@CryptoWinkle) August 8, 2025

The protocol’s on-chain metrics have also surged. @CryptoWinkle noted that USDe from Ethena Labs now accounts for 60 percent of Pendle’s $5.2 billion total value locked. 

This setup enables looping yield positions that generate recurring fees, directly increasing demand for PENDLE through a 5 percent fee on Principal Tokens.

On the technical side, @rektcapital reported that PENDLE has confirmed a breakout from a bull flag formation, sparking a rally of more than 30 percent. The token is now attempting to turn resistance into support, a move that could open the way toward the top of its larger consolidation pattern.

Integrations, Expanding Ecosystem, and Record TVL

@raintures highlighted that Pendle recently crossed $5 in price while rolling out a string of integrations and product launches. 

HyperEVM pools surpassed $100 million in TVL soon after launch. Partnerships with Aave and Ethena have driven deeper liquidity, and sUSDe pools have already hit their $100 million cap.

Pendle just flipped $5 and keeps running.$PENDLE brings real innovation to DeFi yield. You can split assets, trade future yield, and control your earnings like never before.@pendle_fi is making onchain flexibility a reality.

Real growth here. this momentum is no accident.… pic.twitter.com/WTMKFvopgP

— Rain (@raintures) August 8, 2025

The launch of Boros, which allows traders to access funding rate strategies, has added another layer of flexibility to Pendle’s yield offerings. Even with $1.5 billion in maturities last week, total value locked has climbed to all-time highs.

Pendle’s accessibility has also improved through fiat onramps like Alchemy Pay, making it easier for new participants to join. With more protocols and structured pools entering the ecosystem, the protocol’s growth appears to be accelerating.

For now, traders are watching whether PENDLE can keep holding key support levels. If it does, the token’s recent rally could shift into a sustained uptrend rather than a short-lived spike.