Pendle plunged 14.19% over the last 24 hours while trading volume climbed 24.9% to $66.74 million. It showed aggressive sell-side activity. The sharp increase in volume reflected growing participation from traders reacting to the breakdown pressure around the $1.50 region.  Moreover, market capitalization also dropped to $262.93 million as bearish sentiment continued spreading across the broader derivatives market. However, the decline did not emerge from weak activity conditions because participation actually accelerated during the correction phase.