Panda's Pendant Only TPing to World Border

[Ryan10000]

What is the bug: Panda's Pendant (one of the new crate items) allows players to tp to a theoretically random location in the map. The problem is I have only been able to tp to the world border in the approximately 15 times I've tried it. I've been teleported to (30,000 30,000), (-30,000 30,000), and (30,000 -30,000) multiple times. I've never been teleported anywhere but the border; it's quite annoying as the borders are boring and mainly ocean.
Where is this bug located: Everywhere in the free world.
How can we recreate it: Take a Panda's Pendant and use it. You will then encounter the problem each time you use it.

Headlesscowboy also had the Pendant and informed me he had the same issues that I had.

[HeadlessCowboy]

Yes, every time I used the item, it would teleport me to two world border edges join together.  Keep in mind that I only did this for about 3 to 4 times.  I had gotten then item from a crate that I earlier today sold it to Ryan.

If more information is needed, just ask. 

[Mattmab]

the pandas pendant was reworked when the world border was added as it would tp you outside the world border and you would suffocate and lose all your stuff

so that is the intended usage at the current moment