Arthur Hayes, former BitMEX CEO, has been involved in significant trading actions with
Pendle coin (PENDLE), both buying and selling, resulting in price volatility. PENDLE experienced a 400% surge, turning an initial $1.2 million investment into $9.36 million. However, the token's price has seen dips too, announced expansions of yield opportunities for Bitcoin holders through
new BTC pools, though the platform did lose 50% Total Value Locked (TVL) previously. Notwithstanding, projections suggest PENDLE could hit a
$10 target price. Crypto assets in Pendle Finance's suite were safeguarded, averting potential losses from a
$27 million hack. Future outlooks for PENDLE appear positive due to three potential catalysts for a new All-Time High (ATH). Despite Hayes selling PENDLE at a loss, there has been significant buying activity by whales suggesting investor confidence. There are concerns about
pendle price stalling as a team wallet dumps which may likely lead to a 66% dive. Amidst weak crypto price action, DeFi tokens led by Pendle fell between 10%-20%. On the upside, PENDLE experienced a 130% rally, gaining market attention.
PENDLE Coin News Analytics from Fri, 26 Jan 2024 08:00:00 GMT to Tue, 12 Nov 2024 08:52:25 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor -2
