Pendle Buybacks Exceeded 300M Tokens as PENDLE Price Setup Draws Attention

Pendle has reached a major tokenomics milestone, with total buybacks exceeding 3 million PENDLE approximately eight months after the launch of sPENDLE. The protocol reports that buybacks are outpacing V2 emissions by six times, highlighting increased market repurchases relative to token issuance. Meanwhile, crypto analyst Crypto With Gopal has identified a symmetrical triangle on PENDLE’s four-hour chart. With the PENDLE price near $1.95, a breakout above resistance could strengthen bullish momentum, while losing support may expose the token to further downside. According to Pendle’s announcement, total buybacks have exceeded 3 million PENDLE approximately eight months after the launch of sPENDLE.