↘ Rising Pendle Coin Survives Market Plunge Due to Keen Interest of Whales

Recently, Pendle Coin and a well-known selection of six other altcoins found their way into new exchanges resulting in a subsequent price upsurge. Amidst new entries, Pendle also experienced significant price alterations as shared in the Asian Wrap of February 8th's Cryptocurrencies Price Prediction. Furthermore, experts forecast that the coin's price might witness improvements by 2024. Pendle's price made a significant reversal following an increased interest from institutions leading to an accelerated buying spree. Despite the plunges experienced by DeFi tokens, with Pendle recording between 10% to 20% drops, the coin still upholds its crucial role in crypto investment.

It's been reported that the operations of whales recently focused on ASIC X30 Miner from BlockDAG, which can draw a $6000 daily revenue. This shift in interest from other digital assets like Stellar and Pendle corresponded with the unstaking of almost $10M Pendle by Arthur Hayes. The protocol of DeFi Pendle experienced a 40% drop in the Total Volumes Locked (TVL) within a single week. Despite the decline, Pendle's prices maintained an upward trend.

Towards the end of the month, the coin experienced over a 17% increase in prices despite the general cryptocurrency market experiencing a significant downturn. Arthur Hayes showed further interest in Pendle, indicating a significant lock of Ethereum-Based DeFi Altcoin until September. There is an expectation among enthusiasts for Pendle and Brett to establish a positive trend in 2024. However, vigilance is required as market whales engage in significant transactions with these coins. In the coming month, Pendle aims to soar higher than $7.5 amidst witnessing a steady increase.

PENDLE Coin News Analytics from Thu, 09 Nov 2023 08:00:00 GMT to Tue, 06 Aug 2024 08:45:36 GMT - Rating -2 - Innovation 5 - Information 8 - Rumor 6