Breaking News: Pendle ($PENDLE) Soars After High-Profile Investment ๐ฒ
The cryptocurrency Pendle ($PENDLE) has experienced a surge in price recently following positive developments and a significant investment from industry veteran Arthur Hayes, co-founder of BitMEX. Here’s what you need to know:
Hayes’ Strategic Move and Price Surge ๐
– Hayes announced adding $PENDLE and $DOGE to his holdings
– $PENDLE jumped 20% to $6.2 after his announcement
– Correction to $5.95 at the time of writing
– On-chain analysis firm Lookonchain reported Hayes’ transactions
Pendleโs Internal Momentum ๐ช
– Project’s total value locked (TVL) at $6.37 billion
– Growing user adoption and yield opportunities
– Number of PENDLE holders on the rise
– Positive developments driving the current momentum
Dogecoin Whales Divest Holdings ๐
– Major whales selling off DOGE holdings
– Supply dropping from 45.3% to 31.3% in a year
– Retail and mid-sized investors holding larger share
– Market sentiment affecting memecoins like DOGE
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