PANews reported on November 8 that according to on-chain analyst Ember’s monitoring, an address belonging to the Pendle team transferred 625,000 PENDLE (US$3.37 million) to Binance 30 minutes ago. These 625,000 PENDLE were unlocked and owned during the period of 2022/4-2023/4. According to Pendle’s unlocking rules, this address belongs to the team.