🚨 Whales Gobble $2.6M in PENDLE as USDe Loop Launches—Dip or Moon Shot Ahead?

Crypto whales just dumped $2.6 million into PENDLE—right as the USDe loop goes live. Is this a buy-the-dip moment or the start of a parabolic breakout?

### The Whale Move: Greed or Genius?

Big money doesn’t wait—it pounces. While retail traders debate TA patterns, deep-pocketed players just stacked another $2.6M in PENDLE tokens. Timing? Flawless. The USDe loop launch could turbocharge yields… or become another 'innovative' way to lose money fast.

### USDe’s Make-or-Break Moment

Algorithmic stablecoins have a… reputation. But if USDe’s new loop delivers, PENDLE’s TVL could scream past ATHs. If it flops? Well, at least the whales got in early—again.

### The Trader’s Dilemma: FOMO or Wait?

Price action’s coiled like a spring. Breakout above resistance, and we’re off. Rejection? Cue the 'I told you so' tweets. Meanwhile, Wall Street’s still trying to tokenize their coffee runs.

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Bullish or doomed? Place your bets—the house always wins.

Whales Accumulate $2.6 Million in Pendle After ENA Loop Goes Live

Whale activity exploded shortly after the ENA collaboration was announced. Over the past 24 hours, whales increased their Pendle holdings by 11.08%, pushing their stash to 5.13 million tokens. This means they’ve bought approximately 513,000 new tokens, worth over $2.60 million at current prices.

This buying spree started before the rally as the whales were proactively buying PENDLE over the past seven days. This shows that the recent rally wasn’t just sentiment-driven but had major buying action driving it.

One reason behind the renewed whale interest is the growing use of a strategy involving Ethena’s USDe, Pendle, and Aave. This loop lets users borrow USDe on AAVE and deposit it into Pendle to earn fixed yields that are higher than the borrowing cost, making it a profitable trade.

These pools are launching initially with limited capacity:

• $100M cap for sUSDe (Sep ‘25)

So be sure to get in early! pic.twitter.com/vYJzqDSRYQ

As more capital enters this loop, Pendle sees an increase in total value locked (TVL) and protocol fees. That boost in platform activity is likely why whales are buying in; they might be expecting sustained demand for Pendle’s yield products to support further upside for the token.

However, one subtle sign of caution has emerged. Exchange data shows a small uptick in PENDLE reserves (on the 24-hour timeline), indicating a slight increase in tokens sent to exchanges.

While not a major red flag yet, it’s worth watching, especially since whales are still accumulating. It could be a short-term signal of incoming profit-taking or consolidation, even if long-term conviction remains intact.

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Pendle Price Action and RSI Suggest Short-Term Cooldown Before Next Breakout

Pendle’s price structure remains bullish. It’s trading inside a clear ascending channel, and has already broken past key resistances, now hovering around $5.23. If momentum holds, the next major target sits at $5.88, a potential 12% MOVE from current levels.

But while the structure is bullish, momentum might be cooling slightly.

Between July 22 and August 8, PENDLE made higher highs in price, but the RSI (Relative Strength Index) formed a lower high. This mild bearish divergence suggests buyers may be losing strength, at least temporarily. RSI also hasn’t entered the oversold zone yet, which often happens before continuation breakouts.

That means a quick consolidation phase could play out before another breakout. Key support zones to watch are $5.03 and $4.74. A dip into this range wouldn’t invalidate the bullish setup; it may just offer buyers a better entry before the rally resumes.

However, if PENDLE breaks cleanly above $5.27, it WOULD likely invalidate the short-term pullback scenario. In that case, the rally could extend toward higher levels without much resistance.