PENDLE Coin exhibited remarkable performance despite market fluctuations, showcasing a resilience that tempted investors and major crypto entities alike. Renowned BitMEX founder,
Arthur Hayes, reportedly took a significant interest in the PENDLE Coin, even as he transitioned from PENDLE to MOTHER in line with the current frenzy for meme coins. Hayes allegedly
unstaked nearly $10M worth of Pendle, instigating speculations about an upcoming price drop. However, rather than plummeting, the coin's price defied bearish pressures and exhibited breakout momentum targeting $5, earning it the title of 'Coin of the Day' following an 18% price surge. As former President, Donald Trump announced his WLFI Project, price predictions suggested Pendle could potentially hit $10 under the correct market conditions. PENDLE Coin brought forward
yield opportunities with the introduction of new BTC pools and showed significant presence expansion in the
Bitcoin-Backed Finance (BTCFi) scene. PENDLE's value locked in
DeFi platforms was reportedly nearing $1B despite, at one stage, suffering a 40% drop in TVL. Despite this, the coin surged 13% to $3.59 after BTC pool launch announcements. Major support has held strong against potential whale sell-offs, keeping the coin's bullish trend intact. The coin has also been highlighted as one of the hot cryptos under $0.50 with massive ROI potential.
PENDLE Coin News Analytics from Fri, 26 Jan 2024 08:00:00 GMT to Wed, 25 Sep 2024 13:54:00 GMT -
Rating 7
- Innovation 4
- Information 5
- Rumor -3
