Pendle price struggles near $2 as Polychain exits 4.114M PENDLE at almost $4M loss

Pendle’s price recently slid to a $2.02 low and was trading around $2.17, extending a multi‑month downtrend with notable daily and monthly losses. On-chain data indicated that Polychain Capital sold about 4.114 million PENDLE at roughly $2.19 after accumulating near $3.16, realizing an estimated $3.99 million loss amid persistent sell pressure. Technical indicators showed weak momentum and a near-oversold setup, with $2 acting as a key support level and $2.25–$2.50 emerging as potential recovery targets.