Crypto News

Pendle Hits New All-Time Highs, Surges To $5.783 As Solana Integration Talks Spark Investor Interest

Pendle has hit a significant milestone in its market performance, reaching new all-time highs at $5.783 within the last 24 hours. 

This surge in value coincides with reports of Pendle’s team discussing implementation on the Solana blockchain, leading to increased interest and trading activity on the platform.

Amidst Pendle’s price surge, the address 0xacF…10a1A has deposited 162,000 $PENDLE to Binance, amounting to $910,000. 

Remarkably, this deposit comes after holding the tokens for nearly two years, potentially resulting in a profit increase of nearly 37 times if all tokens are sold at the current high price.

PENDLE Price Action Following Recent Token Movements

This particular address received tokens from the Pendle distribution address between April 28, 2022, and April 28, 2023, at an average price of only $0.1478. 

The recent surge in PENDLE’s value, fueled by the ReStaking craze, has seen a remarkable 377% increase in the past three months, although it experienced a slight decline of 4% in the last 24 hours.

The combination of Pendle’s innovative blockchain implementation discussions and its impressive market performance highlights the growing interest and confidence in the project’s potential. 

As the cryptocurrency landscape continues to evolve, Pendle’s success serves as a testament to the importance of strategic partnerships and technological advancements in driving value and investor enthusiasm in the market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.

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