↘ Arthur Hayes' PENDLE Move Flaunts Market Resilience: Pendle Survives Hack and Continues Expansion Amid Drop in TVL

The cryptocurrency market continues to exhibit unpredictable movements, with Arthur Hayes selling more than $10 million worth of Pendle coins sparking various reactions. Worries and speculations arose as Hayes sold despite Pendle's decent performance and increasing prices, that escalated to a new launch of Bitcoin pools. However, his move didn't hamper the market trajectory as Pendle exhibited a breakout momentum and investors seized the opportunity to buy substantial amounts of Pendle at lower prices.

Additionally, Pendle proved its resilience by preventing further losses from a hack, saving $105 million in crypto assets. The platform's continuous updates and expansions, such as the launch of new Bitcoin yield pools, also gained attention. In another narrative, Pendle has also been under scrutiny as it lost considerable TVL (Total Value Locked) quantities, prompting discussions about the beacon's future. Questions surrounding the rising adoption and profitability of this DeFi crypto asset are coming up, with varying predictions from different analysts.

PENDLE Coin News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Tue, 05 Nov 2024 11:42:55 GMT - Rating -3 - Innovation 5 - Information 1 - Rumor 3