Is Pendle a scam?

Asked about Pendle (PENDLE), market cap rank #169.

Short answer

Pendle (PENDLE) is rated BB on isthiscoinascam.com. This is a moderate score — some risk signals were raised but no critical concerns.

Source: isthiscoinascam.com · Updated 2026-06-07

Red flags raised

  • Team is anonymous
  • Token supply can be minted by the owner
  • No recent code commits
  • No hard cap on total token supply
  • A single wallet holds over 10% of supply
  • Top 10 wallets hold more than 50% of supply
  • Top 10 wallets hold more than 70% of supply

Team transparency

The Pendle team is anonymous — public identities are not on record.

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