pendle at $1.08 with 0.19x price-to-sales ratio. 98.5% market share in yield tokenization. $34m annualized revenue, 80% directed to sPENDLE buybacks starting february. that's $27m in annual buy pressure on a $179m market cap. arthur hayes sold 1.4m PENDLE at a $990k loss. polychain dumped 4.1m tokens below their cost basis. VCs capitulating at realized losses on a protocol that aave v4 just launched with as a core collateral asset. 60% of supply staked with 14-day withdrawal lock. the unlock selling is the ...

pendle is at $177m market cap generating $34m annualized revenue with 80% allocated to token buybacks. that's a 15% buyback yield. arthur hayes sold 1.4m PENDLE at a $990k loss. polychain moved 4.1m tokens to falconx sitting on $3-4m in unrealized losses. early backers are capitulating into a protocol that holds 98.5% market share in yield tokenization, controls 30-60% of multiple RWA stablecoin supplies, and just launched on solana. the people who got in early are selling at losses. the protocol itself is ...