{"id":412381,"date":"2025-11-26T18:11:17","date_gmt":"2025-11-26T12:41:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/pendle-price-outlook-bitmex-co-founder-buys-pendle-worth-536k-crypto-news\/"},"modified":"2025-11-26T18:15:38","modified_gmt":"2025-11-26T12:45:38","slug":"pendle-price-outlook-bitmex-co-founder-buys-pendle-worth-536k-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pendle-price-outlook-bitmex-co-founder-buys-pendle-worth-536k-crypto-news\/","title":{"rendered":"Pendle price outlook: BitMEX co-founder buys PENDLE worth $536K &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1655207311877-7f673d46-5108-41af-8e4c-69a2c85e836b-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1655207311877-7f673d46-5108-41af-8e4c-69a2c85e836b-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1655207311877-7f673d46-5108-41af-8e4c-69a2c85e836b-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1655207311877-7f673d46-5108-41af-8e4c-69a2c85e836b-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Arthur Hayes has scooped 218,000 PENDLE tokens today.<\/li>\n<li>The accumulation comes as the altcoin nears a reliable support, hinting at recoveries.<\/li>\n<li>PENDLE price gained more than 2% the past day.<\/li>\n<\/ul>\n<p>The crypto sector remains downbeat, failing to reclaim the $3 trillion mark as short-term rebounds encounter renewed selling pressure.<\/p>\n<p>However, sentiments are likely to shift as dip-buying activities surface.<\/p>\n<p>Market participants track large-scale transactions as they can indicate potential sentiment shifts.<\/p>\n<p>PENDLE has found itself in the spotlight on November 26, after substantial purchases by Arthur Hayes.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/intel.arkm.com\/explorer\/entity\/arthur-hayes\">Arkham data<\/a> shows the BitMEX co-founder executed two transactions in the past 24 hours.<\/p>\n<p>The first one involved 105,000 PENDLE tokens worth over $258K.<\/p>\n<p>Meanwhile, the second purchases, which came hours later, saw Hayes buying 113,000 coins at $277K.<\/p>\n<p>Together, Hayes has accumulated 118,000 coins, worth approximately $536,000, today, and now holds PENDLE worth over 1.19 million or more than 417,000 tokens.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-350611\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/11\/PENDLE-Buy.jpg\" alt=\"\" width=\"1089\" height=\"187\"\/><\/p>\n<p>Meanwhile, today\u2019s transactions grabbed attention due to timing, executed as PENDLE endures bearishness.<\/p>\n<p>The digital token lost more than 25% of its value in the past 30 days amid broad-based slumps.<\/p>\n<p>Substantial accumulations during bearish performance signal trust in possible recoveries.<\/p>\n<p>Hayes likely capitalized on the downside prices to buy at a discount before PENDLE shifts its trajectory.<\/p>\n<h2>PENDLE price outlook \u2013 rebound imminent<\/h2>\n<p>The altcoin is trading at $2.53 after an over 2% increase within the past 24 hours.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-350610\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/11\/PENDLE-Chart.jpg\" alt=\"\" width=\"1032\" height=\"431\"\/><\/p>\n<p>Meanwhile, PENDLE has experienced substantial selling pressure lately.<\/p>\n<p>Its price started stabilizing at $2.10 \u2013 $2.25 after underperforming in October and November.<\/p>\n<p>This region is crucial as it previously gave buyers a perfect entry level.<\/p>\n<p>That\u2019s why Hayes\u2019 latest accumulation gained attention.<\/p>\n<p>These sentiments hint at potential near-term recoveries for PENDLE.<\/p>\n<p>Meanwhile, the initial obstacle at $2.75 will be the first checkpoint for upside continuation.<\/p>\n<p>A breakout confirmation could clear the path to $3.16 \u2013 $3.55 before exploding to $4.67 amid broad-based driven rallies.<\/p>\n<p>Momentum indicators support an optimistic performance.<\/p>\n<p>The 4H Moving Average Convergence highlights buyer presence.<\/p>\n<p>Also, the Relative Strength Index of 62 signals upside momentum with no imminent overbought conditions.<\/p>\n<p>Nonetheless, the cryptocurrency market has been highly unpredictable lately, with brief recoveries encountering sudden selloffs.<\/p>\n<p>Bearish price actions could see the altcoin revisit the support barrier at $2.10 \u2013 $2.25.<\/p>\n<p>Failure to hold above this mark will catalyze notable dips for the token.<\/p>\n<p>PENDLE can plummet to $1.80, or even extend to $1.60.<\/p>\n<p>Meanwhile, broader sentiments will influence PENDLE\u2019s short-term performance.<\/p>\n<p>The overall cryptocurrency marketplace remains deteriorated. Bitcoin hovers $86,000 while threatening further dips to $79,000.<\/p>\n<p>Such a move would mean substantial declines for the entire market, delaying PENDLE\u2019s potential near-term recovery.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Arthur Hayes has scooped 218,000 PENDLE tokens today. The accumulation comes as the altcoin nears a reliable support, hinting at recoveries. PENDLE price gained more than 2% the past day. The crypto sector remains downbeat, failing to reclaim the $3 trillion mark as short-term rebounds encounter renewed selling pressure. However, sentiments are likely to shift [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":412382,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-412381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/412381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=412381"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/412381\/revisions"}],"predecessor-version":[{"id":412383,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/412381\/revisions\/412383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/412382"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=412381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=412381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=412381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}