Pendle (PENDLE) experienced a nearly 10% price drop in the last 24 hours due to heavy selling pressure, with long positions losing significantly more capital than shorts. On-chain activity has also declined sharply, with transaction counts and active addresses falling by around 46% and 40.5%, respectively, indicating reduced protocol usage. Despite these bearish signals, a positive Funding Rate and active whale traders suggest the current sell-off might be a stop hunt, leaving room for a potential price rebound soon.
Pendle (PENDLE) trades at Rp39,274 on Pluang as of Oct 08, 2026 03:21 WIB, down 8.35% in the last day. The market cap stands at Rp6.88 trillion, with a 24-hour trading volume of Rp917.47 million. Pluang order activity shows a slight selling bias at 52%, while typical hold time is 33 days, indicating moderate investor patience.
