Pendle Reported 1,722,192 PENDLE Buyback

Name: PENDLE Buyback
Start: 2026-06-15T00:00:00Z
End: 2026-06-16T00:00:00Z

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Pendle reported that the protocol had bought back 1,722,192 PENDLE. The acquired tokens were distributed to sPENDLE holders, who had also collected about $1.4 million in airdrops since the start of the year.

Event date: June 15, 2026 UTC

What is coin (token) burn?

A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.

Pendle
@pendle_fi

Over 1.7M $PENDLE Buyback 🔥

Since the launch of sPENDLE, the protocol has acquired 1,722,192 $PENDLE from the open market and distributed every token to sPENDLE holders.

On top of it, sPENDLE holders have collected ~$1.4M in airdrops since the start of the year.

PENDLE Price Changes After Event Publication

PENDLE Events on the Chart

6.99%

1 day

6.99%

2 days

4.20%

Now (Added 1 month ago)

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