Pendle Buybacks Top 3 Million PENDLE, Six Times V2 Emissions
- —Buybacks have exceeded 3 million PENDLE in about eight months since sPENDLE launched
- —Market repurchases outpace V2 emissions by a 6:1 ratio
- —Purchased tokens are distributed to sPENDLE stakers
- —PENDLE at $1.95 faces resistance at $2.05–2.20 and support at $1.90
Why it matters: The buybacks add demand for PENDLE, but tokens returned to stakers can re-enter circulation, so price impact is not guaranteed.
Source: TronWeekly