Polychain Capital Sells Pendle, Realizing $4 Million Loss Amidst Market Downturn

Pendle is facing significant uncertainty following the withdrawal of major investor Polychain Capital, which reportedly exited its position at a substantial loss of nearly $4 million. This move by a prominent institutional player has added to the existing bearish pressure on the token, raising concerns about its short-term price trajectory and the resilience of key support levels.