DeFi

Arthur

<ul>
 <li><strong>PENDLE saw a rebound in price after a major sell-off, attracting new buyers in the DeFi market.</strong></li>  
 <li><strong>TAO continued its upward momentum this week, becoming one of the top-performing altcoins.</strong></li>  
 <li><strong>SUI has gained attention due to strong DeFi applications, maintaining steady interest despite some token unlocks.</strong></li> 
</ul>  
<p>Several altcoins have seen significant activity in the crypto market, with PENDLE, TAO, and SUI experiencing notable price movements. According to a <a href="https://x.com/CryptoStreamHub/status/1837873833199407141" target="_blank" rel="noopener noreferrer nofollow">Crypto Stream post</a> via the X Space, these tokens have attracted the attention of traders, with market events fueling both price increases and opportunities for strategic trades.</p>  
<h2 class="wp-block-heading" id="h-pendle-market-response-after-a-major-sell-off">PENDLE: Market Response After a Major Sell-off</h2>  
<p>In the last two weeks, the Pendle price has accelerated from $2.48 to $4.08, a 64% increase. Amid the broader market recovery, discussions stand out as the asset defies substantial selling pressure from Arthur Hayes, the co-founder of BitMex.<a href="https://x.com/lookonchain/status/1837749398807498956" target="_blank" rel="noopener noreferrer nofollow"> According to Lookonchain</a>, Hayes recently sold off 1.59 million PENDLE tokens for approximately $5.62 million at an average price of $3.52 per token.</p>  
<p>PENDLE experienced a significant pump in value after the DeFi figure sold millions of coins. The market reacted to this sale, causing a sudden shift in the token’s price.</p>  
<p>While the sell-off initially raised concerns among traders, the token quickly rebounded as new buyers entered the market. PENDLE remains a key focus for those monitoring the decentralized finance (DeFi) space, with its price movement attracting both short-term traders and long-term holders.</p>  
<h2 class="wp-block-heading" id="h-tao-sustained-uptrend-throughout-the-week">TAO: Sustained Uptrend Throughout the Week</h2>  
<p>TAO has been on a continuous upward trend this week, with its value rising steadily. The token has seen consistent gains, prompting many traders to search for an entry point into the market. <a href="https://cryptonewsland.com/bittensor-soars-as-nvidia-fuels-ai-crypto-market/" target="_blank" rel="noopener noreferrer nofollow">TAO's strong performance</a> has positioned it as one of the week’s top-performing altcoins, sparking increased interest in its future potential. Traders are closely watching the market to determine the best time to capitalize on TAO’s momentum.</p>  
<h2 class="wp-block-heading" id="h-sui-strong-narrative-drives-interest">SUI: Strong Narrative Drives Interest</h2>  
<p>SUI has also been at the center of attention this week, driven by a strong narrative surrounding its DeFi applications. Despite some unlocks, the token has maintained a steady interest from traders seeking opportunities within the SUI DeFi ecosystem. <a href="https://cryptonewsland.com/sui-network-boosts-defi-with-native-usdc-and-seamless-cross-chain-transfers/" target="_blank" rel="noopener noreferrer nofollow">SUI’s ongoing developments </a>and market activity have presented several trading opportunities, with analysts pointing out the potential for further growth in the near future.</p> 
<p>The post <a href="https://cryptonewsland.com/hot-altcoins-and-trades-right-now-pendle-tao-and-sui-tops-the-list/" rel="noopener noreferrer nofollow">Hot Altcoins and Trades Right Now: $PENDLE, $TAO, and $SUI Tops the List</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Hot Altcoins and Trades Right Now: $PENDLE, $TAO, and $SUI Tops the List

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