PENDLE token dropped nearly 10% over the past 24 hours, with long positions losing roughly 27 times more than short positions, approximately $261,000 versus $9,660. Transaction count fell from 1,246 to roughly 667, a decline of nearly 46%, while Active Addresses dropped from 651 to approximately 387, a decrease of about 40.5%. Despite this weakness, the positive Funding Rate of 0.0032% suggests investors are still positioning for a rally. Whale activity and the massive liquidation gap could indicate that this decline is a stop hunt, leaving room for a potential PENDLE rebound.
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