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The cryptocurrency market continues to see significant shifts in 2024, with Pendle (PENDLE) emerging as one of the standout performers. After a year of impressive growth, Pendle has risen by 355% year-to-date, with its total value locked (TVL) reaching a robust $3.392 billion.
A Pendle whale has made a significant windfall, realizing an eye-popping $8.16 million profit from its recent investments in the Pendle token (PENDLE). This impressive gain, amounting to a 680% return on investment (ROI), highlights the growing demand and excitement surrounding Pendle, a decentralized finance (DeFi) project.
The crypto market is slowly returning to its full potential, where crypto trading is all about new gains and profits. In the last few days, the bulls have taken over the market.
According to recent on-chain data from EtherScan, Pendle team has transferred a whopping 2.025 million tokens to Binance, worth about $11.11 million. PENDLE token is swapped hands at about $5.51; it has increased over 4% over the last 24 hours and impressively 25.28% over the last 7 days.
Pendle's price action has stalled recently, raising concerns among investors as on-chain data reveals that the Pendle team has been selling off significant amounts of the token. With this new development, questions are swirling about whether Pendle is at risk of a major price drop in the near future.
Pendle price rallied to a four-month high as the positive sentiment in the crypto industry remained. It jumped to an intraday high of $5.69, continuing a bull run that started on August 5 when it bottomed at $1.828.
With altcoins struggling to sustain the bull run amid the market chaos, Toncoin and Pendle are crashing below crucial levels. While Toncoin heads below $4.63 support, Pendle breaks the 50-day EMA support.
The cryptocurrency market has started the week with a noticeable recovery, bringing renewed buying pressure across many altcoins. One standout performer is Pendle (PENDLE), which has recently climbed to a price of $4.52, marking an impressive 18% increase over the past month.
With the crypto market starting the week on a recovery note, the altcoins are witnessing a refreshed surge in buying pressure. Among the top performers, Pendle (PENDLE) has hit the $4.5 market price with an 18% jump in the last 30 days.
A crypto strategist who accurately called the Bitcoin (BTC) correction earlier this year thinks a decentralized finance (DeFi) altcoin is getting ready to erupt.
Despite the lackluster performance of many cryptos this week, a few altcoins crypto whales bought and increased their exposure.
Chainlink (LINK) and Raydium (RAY) are signalling a potential breakout as bulls look to reclaim control. Another altcoin showing significant movement, despite paring recent gains is Pendle (PENDLE), which has attracted whales amid growing traction for decentralised finance protocols.
Pendle (PENDLE) has experienced an impressive recovery of 43% over the past 30 days, reaching a new monthly high of $5.13. Despite this bullish trend, key resistance levels and whale activity suggest traders should carefully consider their entry points.
PENDLE at crossroads as whales trim exposure despite overall bullish outlook.
Yield generation or farming cryptocurrencies exploded in the last crypto bull cycle but were still experimental in the early stages. Over three years later, the decentralized finance (DeFi) ecosystem and protocols have improved significantly, creating solid and promising market opportunities.
PENDLE, the native token of Pendle, a real-world asset (RWA) tokenization platform, may be steady at press time. However, looking at CoinMarketCap data, the token is up 130X from its November 2022 lows and 41% from all-time highs registered in 2024.
As the altcoin market witnesses a resurgence in activity, tokenized real-world assets (RWA) are worthy of your attention as a trader.
Arthur Hayes, the co-founder of BitMax, has drastically reduced his holdings in $PENDLE by an astonishing 87% within just four days. This significant move has sent shockwaves through the market and has left many investors wondering what it could mean for the future of this digital asset.
BitMEX co-founder and former CEO Arthur Hayes has attracted the attention of crypto enthusiasts with his latest investment strategies. On-chain stats show he has actively purchased Aethir (ATH) lately while shifting from Pendle (PENDLE). Arthur Hayes adds 30.89M ATH Spot On Chain revealed that Hayes purchased 30.89 million ATH, worth around $1.
Arthur Hayes once again dumped a massive 240,000 PENDLE tokens worth $957,600.
Arthur Hayes' family office fund has unloaded a huge chunk of its position in the decentralized finance (DeFi) altcoin Pendle (PENDLE). Hayes sold 1.59 million PENDLE for $5.62 million at an average price of $3.52 over a two-day period, resulting in a loss of $1.29 million, according to the crypto tracker Lookonchain.
After selling millions of dollars worth of PENDLE tokens, Arthur Hayes, the ex-CEO and co-founder of BitMEX, purchased a significant amount of Aethir (ATH) tokens from centralized exchanges (CEXs). On September 23, 2024, the on-chain analytics firm TheDataNerd made a post on X (formerly Twitter) that Hayes had bought 14.
From PENDLE to MOTHER, and then some dog-themed coins: is Hayes charting the next big wave in crypto?
BitMEX co-founder Arthur Hayes has fueled speculations with his latest shift in the trading strategy. Recently, he has been seen offloading his PENDLE holdings, after praising the crypto over the past few months, while shifting his focus towards the DePIN project, Aethir (ATH).
