MarketFlux
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$PENDLE Price Tumbles! What's Going On? đ
The price of #PENDLE isn't looking so happy right now. It's down 18% today and almost 30% in the past week. đ€
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. đ„
Why the TVL drop? đ»đđ 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. đ°đ€·
Is this the end of PENDLE? đ€§đȘ 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! đ€DYOR! #altcoins #MarketFlux
The price of #PENDLE isn't looking so happy right now. It's down 18% today and almost 30% in the past week. đ€
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. đ„
Why the TVL drop? đ»đđ 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. đ°đ€·
Is this the end of PENDLE? đ€§đȘ 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! đ€DYOR! #altcoins #MarketFlux
