Pendle Coin has been quite the focus within the cryptocurrency space, especially with its relationship with BitMEX co-founder Arthur Hayes. While there have been indications of a steady year for Pendle leading up to 2025, there have also been concerns regarding a potential 66% dive following a team wallet dump. Despite such concerns, Pendle offers substantial yield opportunities, having established new Bitcoin pools that allow for returns as high as 45%.
Even amidst a turbulent market, Pendle saw a breakout momentum, defying the impact of a whale dump. Price predictions hint at the potential for the coin to hit $10. Analysts seem excited about the opportunity that Pendle offers for derivative traders. Notably, Hayes, who had a significant position in Pendle, moved to sell his stake, which led to some discourse about the future of the coin.
Nevertheless, the crypto space saw whales buy into Pendle upon the selling action from Hayes. In addition, the surge in price for the coin seems linked not just with Bitcoin-linked pools, but also with the DeFi expansion. That being said, while there is projection of strength returning to Real World Assets (RWAs), there has been a noticeable pullback in Pendle's Total Value Locked (TVL), causing concern over potential damage to the coin's price.
PENDLE Coin News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Wed, 04 Dec 2024 08:42:48 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor -2
