↑ Investor Behavior and Market Forces Impacts PENDLE Coin Volatility
Arthur Hayes , former BitMEX CEO, has been involved in significant trading actions with Pendle coin (PENDLE), both buying and selling, resulting...
Pendle Coin, a decentralized finance (DeFi) protocol, has been making headlines for its price volatility and market activity. In 2025, it is predicted to experience a steady increase before reaching new highs. However, the recent selling of Arthur Hayes's position has created some level of uncertainty in the market. Despite this, Bitcoin yields have soared by up to 45% thanks to Pendle's new pools and an ensuing growth in investor interest.
Currently, Pendle has shown resilience, having recovered from a domain hijack attempt with a substantial 14% price increase. Moreover, the crypto has managed to prevent further losses from a potential hack, saving approximately $105M worth of crypto assets . This has been attributed to the growing presence of BTCFi yield pools and the highly anticipated V3 upgrade projected for the future.
However, the exit of significant investors like Arthur Hayes has influenced the market negatively. Reports reveal that Hayes sold his 350K PENDLE at a 36% loss during the DeFi expansion while accumulating ATH tokens instead. Additionally, the value of Pendle was found to have plummeted almost by half, from its June high.
The price of Pendle has been back and forth with instances of rallying after significant sell-offs. Amidst this, there has been an increase in institutional investments , which has helped steady the price. While many predict a potential downturn following Hayes's exit, others anticipate significant growth, driven by listings on major exchanges and growing investor interest.
PENDLE Coin News Analytics from Fri, 26 Jan 2024 08:00:00 GMT to Tue, 12 Nov 2024 08:52:25 GMT - Rating 0 - Innovation 5 - Information 5 - Rumor -3
