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Pendle tokensCoinGape
•65% Informative
On-chain data shows that Pendle’s insiders are selling their coins, which could be a red flag to holders.
Data shows that an address owned by the Pendle team transferred 625,000 tokens to Binance on Friday .
Other whales continued to sell Pendle tokens worth $12.2 million in the last 24 hours .
A likely reason for the selling is to take profits since Pendle token has jumped by 200% from its lowest level in August .
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