Pendle (PENDLE) token has been at the forefront of recent market discussions due to several positive and negative elements. The asset has delighted investors with projected highs in price predictions for years 2024, 2025 and up to 2030. Pendle's new pool offerings are expected to yield Bitcoin returns as high as 45%. Furthermore, whales showing increased interest in PENDLE by staking huge amounts demonstrate bullish sentiment. Pendle continues to innovate, expanding its yield opportunities for Bitcoin holders. Increased fund deposits and significant whale activity suggest PENDLE could potentially breach the $20 mark. However, there have been startling developments, such as BitMEX founder Arthur Hayes' withdrawal from PENDLE. Controversy has followed
Arthur Hayes' sale of PENDLE worth $6.58 million, raising concerns among investors. Despite this, market optimism and a recent listing on Upbit helped raise the Pendle price by 50%. Pendle's shift to the BNB chain, combined with its innovative Liquid Restaking Tokens (LRTs), have enabled the tokenization and trading of yield in DeFi, fueling its DeFi growth. However, there are concerns about the 40% drop in the total value locked (TVL) in DeFi protocol Pendle, indicating a potential exodus. Adding to anxiety were news of theft, with $5.62 million lost from recent permit phishing, and the threat of Binance delisting.
PENDLE Coin News Analytics from Wed, 28 Apr 2021 12:31:25 GMT to Fri, 14 Mar 2025 00:34:00 GMT -
Rating 7
- Innovation 2
- Information 4
- Rumor -3
