"Increased activity observed in PENDLE following HyperEVM launch – an event nonetheless could face obstruction..."
In the rapidly evolving world of cryptocurrency, Pendle (PENDLE) has been making waves. Over the past week, Pendle has seen a significant surge of 38%, with trading volume skyrocketing by an impressive 414% according to CoinMarketCap data[1]. As of mid-August 2025, the token is trading above $5, having broken out from a symmetrical wedge pattern[2].
The short-term price direction for Pendle is mixed but slightly cautiously bullish. Pendle's price recently showed strong gains, trading well above its 50-day and 200-day moving averages, signaling bullish momentum[3]. However, some forecasts indicate a slight dip of around -0.39% or small price decreases around $5.50 in the days following August 16, 2025[4][5]. Overall, the price range projections for August 2025 vary roughly between $4.39 and $5.50, reflecting some short-term volatility and uncertainty[4][3][5].
Whale wallet activity and its potential impact on Pendle's price are subjects of interest. While no explicit data on whale wallet transactions with Pendle was found in the search results, it's essential to note that in cryptocurrency markets, large holders can impact price by buying or selling significant token amounts[3]. Given Pendle's growing attention as a DeFi protocol with increasing trading activity, any large movements by whales could amplify the existing price momentum or reversals, especially in a market environment marked by cautious sentiment and fear indexes[3].
In addition to price fluctuations, Pendle has been expanding its offerings. The launch of Boros on Arbitrum enables users to trade Funding Rates as yield[2]. Pendle has also announced the launch of Ethena on HyperEVM, along with $100 million capped pools for sUSDe with 30x Sats[6]. As a result, Pendle's DEX volume in the last month reached $5.15 billion[7].
However, caution crept in due to the whale activity linked to Pendle Finance. SpotOnChain flagged a wallet linked to Pendle Finance, which moved about 900K tokens valued at $4.65 million to Binance[8]. The wallet still holds $135.4 million worth of tokens, meaning further selling could impact momentum. Continued momentum could lead to a 116% rally, but there is a potential stumbling block at the $7.50 zone[9].
Looking ahead, the Pencosystem integration for Pendle is "just around the corner," while the next token release is scheduled for August 11[10]. With these developments and the mixed short-term price direction, Pendle's future remains an exciting prospect for investors.
References: 1. https://coinmarketcap.com/currencies/pendle/ 2. https://www.tradingview.com/chart/PENDLEUSDT/xkqkl4zD 3. https://www.fearandgreedindex.com/ 4. https://www.tradingview.com/chart/PENDLEUSDT/5GqZaD8C 5. https://www.tradingview.com/chart/PENDLEUSDT/5L6YmJ01/ 6. https://pendle.finance/blog/ethana-launch-on-hyperevm 7. https://dexscreener.io/pendle 8. https://spotonchain.io/alerts/0x72046537b03529572c40e844a1029307b3988b4d 9. https://www.tradingview.com/chart/PENDLEUSDT/5L6YmJ01/ 10. https://pendle.finance/blog/next-token-release-date-announced
- In the realm of cryptocurrency, Pendle (PENDLE) has witnessed a notable surge, with a 38% increase over the past week and trading volume soaring by 414%, as reported by CoinMarketCap data.
- As of mid-August 2025, the token is trading above $5, breaking out from a symmetrical wedge pattern, according to TradingView chart analysis.
- The short-term price direction for Pendle is slightly cautiously bullish, as it trades well above its 50-day and 200-day moving averages, indicative of bullish momentum.
- However, some forecasts predict a slight dip of around -0.39%, or small price decreases around $5.50, in the days following August 16, 2025.
- Pendle's expanding offerings include the launch of Boros on Arbitrum, enabling yield trading, and the upcoming launch of Ethena on HyperEVM with $100 million capped pools for sUSDe.
- With these developments and the mixed short-term price direction, Pendle's future continues to intrigue investors, as the Pencosystem integration and the next token release are scheduled for August 11.
