Address linked to Pendle team deposits $3.83M in PENDLE to Bybit

An address associated with the team behind the DeFi yield protocol Pendle deposited 1.8 million PENDLE, worth $3.83 million, to Bybit seven hours ago, EmberCN reported. The same address had previously received a total of 1.8 million PENDLE, worth $260,000 at the time, from a token vesting contract between April 2022 and April 2023.