Pendle rose a massive 20% after Arthur Hayes dumped his holdings.
TAO, SUI, APT, and SEI continue to print higher highs.
Meme coins like WIF, SUNDOG, and POPCAT are not interesting.
Crypto Stream, an altcoin analyst, discussed a few promising cryptocurrencies and their potential for a bullish rally on X (formerly Twitter). He also explored whether this is a good time for investors to enter positions on these altcoins given the current market upswing.
In the X post, the analyst pointed out that Pendle (PENDLE) saw a significant price increase after Arthur Hayes, co-founder of BitMEX, sold all his tokens at a loss of $1.29 million.
Arthur Hayes(@CryptoHayes) sold 1.59M $PENDLE for $5.62M at an average price of $3.52 over the past 2 days.
After his sell-off, the price of $PENDLE surged by 24%, making the 1.59M $PENDLE worth $6.91M now.
His sell-off resulted in a loss of ~$1.29M!https://t.co/HNWw2RiuDO pic.twitter.com/IWvDTrc0Qt
— Lookonchain (@lookonchain) September 22, 2024
Another top performer of the week has been Bittensor (TAO), an AI project. The analyst mentioned that traders have been eagerly awaiting an entry point. According to CoinMarketCap data,…
The post Altcoin Insights: A Crypto Analyst’s Take on the Current Market Upswing appeared first on Coin Edition.
