Pendle

Arthur

<p class="is-style-lead">Pendle price has bounced back in the past few days as its ecosystem growth accelerated and Arthur Hayes bought the dip. It rebounded to an intraday high of $6.20, 25% above its lowest point this week.</p> 
<p>In an X (Tweet), Arthur Hayes, one of the best-known players in the crypto industry, said that he had added Pendle and Dogecoin to his portfolio. According to LookOnChain, Hayes also acquired Pendle tokens worth over $500,000.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">After Arthur Hayes(<a href="https://twitter.com/CryptoHayes?ref_src=twsrc%5Etfw" target="_blank" rel="">@CryptoHayes</a>) tweeted that he is adding <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$PENDLE</a> and <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$DOGE</a> to his bags, one of his wallets bought 92,339.6 <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$PENDLE</a>($554K) through <a href="https://twitter.com/hashtag/Wintermute?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Wintermute</a>.<br><br>He transferred 2.05M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$USDC</a> to <a href="https://twitter.com/hashtag/Wintermute?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Wintermute</a>, then received 280 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$ETH</a>($1M) and 92,339.6 <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$PENDLE</a>($554K).… <a href="https://t.co/wo2Sl4245B" target="_blank" rel="">pic.twitter.com/wo2Sl4245B</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1803676312760098877?ref_src=twsrc%5Etfw" target="_blank" rel="">June 20, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Arthur Hayes has been in the crypto sector for years and is best known for founding crypto derivatives exchange BitMex and 100x Group, a company that invests in companies in the crypto industry.</p> 
<h2 class="wp-block-heading" id="hayes-has-been-a-big-buyer">Hayes has been a big buyer</h2> 
<p>Most recently, Hayes was one of the backers of Ethena, a fast-growing blockchain network that operates USDe. <a href="https://crypto.news/ethena-usde-market-cap-hits-3b-sol-keeps-pace-as-new-memecoin-set-to-surge/" rel="">USDe has grown</a> to become the fourth-biggest stablecoin in the world with a market cap of more than $3.5 billion. It has attracted so many users because of its substantial yield, which stands at over 20%.</p> 
<p>Pendle’s ecosystem is also thriving as its total value locked (TVL) has <a href="https://defillama.com/protocol/pendle#information" target="_blank" rel="">jumped to over</a> $6.9 billion, making it the fifth biggest <a href="https://crypto.news/tag/defi/" target="_blank" rel="">DeFi</a> network after Lido, EigenLayer, AAVE, Maker, and Ether.fi.&nbsp;</p> 
<p>Pendle helps people gain returns by holding stETH, eETH, and rsETH, which yield 3.95%, 19.11%, and 25%, respectively. These are substantial rewards considering that short-term US Treasuries are yielding less than 5.50%.</p> 
<p>Arthur Hayes has joined thousands of other people who have invested in the Pendle token. Data by <a href="https://www.dextools.io/app/en/ether/pair-explorer/0x57af956d3e2cca3b86f3d8c6772c03ddca3eaacb?t=1718895581519" target="_blank" rel="">DEXTools</a> shows that there are over 27,686 PENDLE holders, with one address holding 21.35% of the total supply.&nbsp;</p> 
<p>The second address holds 12.2% while the third one holds 11.3% of the total tokens. Altogether, the ten biggest holders control about 69% of its supply.&nbsp;</p> 
<p>A key challenge for holders is that Pendle is set to introduce more tokens to the market since there are 155 million in circulation compared to the total supply of over 258 million.&nbsp;</p> 
<p>Pendle price has done well since its early days as its total market cap has surged from $20 million in 2021 to over $896 million today.</p>

Pendle token price rallies as Arthur Hayes buys the dip

목차

crypto.news

2024년 6월 20일에 게재된 다른 기사

Exchange Addresses live for FIRO on Binance

Whales Dump Solana and Bitcoin Cash, Troop Towards MoonBag Coin for Unbeatable Rewards

Bitwise Revises S-1 for Spot Ether ETF as Pantera Potential $100M Investment

Investors Track Lista’s Binance Debut

Are Ethereum DeFi Titans Like Uniswap, Maker, And Lido Are Grossly Undervalued?

Donald Trump’s Former Advisor Clears the Air: Trump Not Involved With DJT Meme Coin

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!