Pendle Coin, an innovative
DeFi yield token, provides a unique way of
tokenizing yield and has been highlighted to have potential for high rewards. It's suggested that
Pendle is progressively
transitioning to institutional-grade infrastructure, boosting its
DeFi ecosystem. Reflective of such progress, Pendle has seen its trading volume skyrocket to
$10 billion and amass
$4 billion in assets. Growing interest is observed, with
$1M moved to exchanges by
whales and
huge whale accumulation contributing to an
8% price jump. There's been an excitement around
Pendle's integration on the BNB Smart Chain and its listing on globally eminent platforms such as
Coinbase and
Binance. Even so, the potential risks are not to be ignored. A minor price decline has led to the prediction of a
44% drop risk should key support of
$3.60 not hold. The report also calls for
$22 and exciting
bullish predictions are emerging. The
yield-bearing stablecoin market, in which Pendle is a player, has grown to
$11B, making up
4.5% of the total market.
User-based guides teach the robust capabilities of the Pendle platform, including
liquid restaking tokens, while
investment tips such as 'How a Crypto Investor Turns
$1.2M into $9.36M After Pendle Coin Surge
400%' provide useful insights in leveraging Pendle's potential.It should be noted that famous crypto influencer,
Arthur Hayes, dumped Pendle, accumulating ATH instead.
PENDLE Coin News Analytics from Wed, 28 Apr 2021 12:31:25 GMT to Tue, 15 Jul 2025 03:54:42 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor 7
