In the bullish news for
PENDLE Coin, steady growth is predicted towards 2025 before reaching significant new highs. This progress is expected in light of increased fund deposits and notable whale activity suggesting the crypto token's potential to surpass $20. Moreover, Pendle also plans to enhance yield opportunities for Bitcoin holders by implementing new BTC pools. Despite sporadic dumps by BitMEX founder Arthur Hayes, apparent moves to shift his focus from PENDLE to other tokens, and the offloading of Pendle tokens worth almost $10M representing some warning signs, Pendle prevails. It sidestepped a significant heist, averting approximately $105M further losses from a hack. Moreover, influencer Arthur Hayes’ unsteady pattern with PENDLE, including both buying the dip and selling substantial positions at a loss, have created a somewhat mixed view. Interestingly, the
crypto token is charting a new era in crypto investments with upswing potential, especially following a consolidation period after an early rip in 2024. In terms of broader outlook,
DeFi platform Pendle has exhibited remarkable resilience to Penpie exploit, which had led to the crash of PNP token by 40%. While PENDLE's price had spiralled downwards following this event, derivative traders stepping in could put it back on track. There are concerns about reduced usage and potential for recovery. Still, coupled with
DeFi expansion and substantial upgrade plans for Pendle, the coin shows promise for long-term growth. However, it is worth noting the fluctuating outlooks and controversies involving
large positions locked then sold by noted investors like Arthur Hayes.
PENDLE Coin News Analytics from Wed, 28 Apr 2021 12:31:25 GMT to Sun, 22 Dec 2024 20:07:00 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -6
