↘ Pendle Coin: A Market Shaker or High-Risk Bet?
Pendle Coin (PENDLE) is increasingly gaining attention in the cryptocurrency market, with its value recently breaking above $5 due to a...
The selection of news talks about the performance, advancements, and challenges of Pendle Coin in the cryptocurrency market. Most of the news emphasizes on Pendle Coin's yield trading platform, its innovative token upgrades, and its boost in user capital efficiency. The flexible staking in the platform through the launch of sPENDLE lends more flexibility for users. Some reports suggest that Pendle Coin is a good investment as it's crypto hit a 6-month high, surging over 20%, leading to a positive market sentiment
However, the price of Pendle Coin seems to encounter fluctuations. Despite achieving record Total Value Locked (TVL) and collaborations such as with Plasma to expand Global DeFi, Pendle experienced a price drop and speculation about a possible 66% dive. The concern over team dumping inflated this worry. Even so, notable investors like Arthur Hayes invested heavily in Pendle Coin.
Pendle also made headlines for its integration with other platforms like Avalanche, Ethena Labs, and offerings of high Bitcoin yields in new pools. There's a hint of exploration into expansion to Solana (SOL) ecosystem and reports of huge upgrades.
An incident of serious hacking suspicion resulted in a price drop. Nonetheless, Pendle claims to have saved a substantial amount from a hack, showing their commitment to security.
PENDLE Coin News Analytics from Wed, 28 Apr 2021 12:31:25 GMT to Thu, 22 Jan 2026 08:01:00 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor -6
