A Pendle team's address transferred 400,000 PENDLE to Binance

According to the monitoring of on- Odaily analyst Ember, a Pendle team-owned address transferred 400,000 PENDLE ($2.7M) to Binance 1 hour ago. The address unlocked 900,000 PENDLE on April 29, 2022, and unlocked 225,000 PENDLE every quarter in the following year, with a total of 1.8 million PENDLE unlocked. According to the time period for unlocking PENDLE, the address belongs to the Pendle team. PENDLE team token unlocking rules: After the token goes online in April 2021, it will be unlocked quarterly for 2 years, with a 1-year cliff period. Pendle is one of the most eye-catching DeFi projects in this bull market, and the token PENDLE has risen 10 times in the past six months.