$PENDLE Price Tumbles! What's Going On? ๐
The price of #PENDLE isn't looking so happy right now. It's down 18% today and almost 30% in the past week. ๐ค
What's causing the drama? Some folks think it might be tied to a recent drop in something called "TVL". Basically, that means less money is chilling in Pendle. ๐ฅ
Why the TVL drop? ๐ป๐๐ Apparently, a bunch of investors jumped into DeFi projects like EigenLayer hoping to score free tokens (airdrops). Those airdrops have happened, and some folks are cashing out. ๐ฐ๐คท
Is this the end of PENDLE? ๐คง๐ช Not necessarily. There could be more airdrops in the future, but it seems the hype has cooled down a bit. Other DeFi projects like Zircuit are feeling the pain too.
Things are a little shaky for PENDLE right now. We'll keep you posted on how this story unfolds! ๐คDYOR! #altcoins #MarketFlux