A notable transaction has taken place as address 0xd7c…e9730 opened a substantial position of 505,000 $PENDLE, valued at approximately $2.24 million, just two hours ago.
This same address previously participated in a PENDLE trade during the token’s peak four months ago, acquiring it at $6.19 and selling at $5.14, leading to a loss of about $108,000. This recent move seems to signal a change in strategy for the investor.
地址 0xd7c…e9730 两小时前建仓了 50.5 万枚 $PENDLE ，价值 224 万美金
该地址曾在四个月前币价高点时做过一次 PENDLE 波段，$6.19 建仓 $5.14 清仓，共亏损 10.8 万美金；怎么看起来是个反指呀hhh🤣
近七天 PENDLE 涨幅达 23%，现价 $4.29；钱包地址 https://t.co/BdF7nqc6BW pic.twitter.com/XeWvpVaHoX
— Ai 姨 (@ai_9684xtpa) September 26, 2024
Over the past week, $PENDLE has experienced a 23% increase, with its current price sitting at $4.29.
This rebound comes at a crucial time as Grayscale has identified the top 20 cryptocurrencies poised for potential growth in the next quarter.
While the list now includes promising assets like SUI, TAO, OP, HNT, CELO, and UMA, it notably removes tokens such as Render (RENDER), Mantle (MNT), ThorChain (RUNE), Pendle (PENDLE), Illuvium (ILV), and Raydium (RAY).
Grayscale predicts the top 20 cryptocurrencies with potential in the next quarter. New assets are added, including SUI, TAO, OP, HNT, CELO, and UMA. Compared to the previous quarter, removed tokens include Render (RENDER), Mantle (MNT), ThorChain (RUNE), Pendle (PENDLE), Illuvium… pic.twitter.com/xVw4s7sxKi
— Wu Blockchain (@WuBlockchain) September 27, 2024
OKX Confirms $PENDLE Spot Listing
In exciting news for $PENDLE enthusiasts, OKX has announced it will list $PENDLE for trading. Spot trading for the $PENDLE/USDT pair will commence at 7:00 AM UTC on September 27th, providing a fresh opportunity for traders and investors.
📢 #NewListing #OKX will list $PENDLE @pendle_fi!
🟢 $PENDLE/USDT Spot trading begins at 7:00 AM on September 27th (UTC)
More: https://t.co/4NaiWF9y62 pic.twitter.com/kAvw6W3Y8f
— OKX (@okx) September 27, 2024
The combination of this recent large position opening, the token’s price recovery, and the forthcoming exchange listing could signal an optimistic outlook for $PENDLE.
As the market adjusts, it will be interesting to see how this dynamic plays out for both new and seasoned investors in the DeFi space.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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