{"id":401304,"date":"2024-06-22T20:30:59","date_gmt":"2024-06-22T15:00:59","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=401304"},"modified":"2024-06-22T12:29:54","modified_gmt":"2024-06-22T06:59:54","slug":"pendle-cryptos-25-hike-heres-how-and-why-it-happened","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/","title":{"rendered":"PENDLE crypto&#8217;s 25% hike &#8211; Here&#8217;s how and why it happened"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">PENDLE\u2019s price has appreciated by 25% in the last seven days<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Altcoin was among the market&#8217;s biggest gainers this week<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The price of <a href=\"https:\/\/ambcrypto.com\/predictions\/pendle-price-prediction\" target=\"_blank\" rel=\"noopener\">PENDLE<\/a>, the altcoin that powers the popular decentralized finance (DeFi) protocol, Pendle, has seen a double-digit price uptick in the last seven days.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, the token was valued at $6.11, logging a 25% price rally during that period. According to <a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener\">CoinMarketCap\u2019s<\/a> data, PENDLE was ranked as the crypto-asset with the most gains over the aforementioned period too. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">PENDLE\u2019s price rally was partly fueled by Arthur Hayes, the co-founder of the derivatives exchange BitMEX, who decided to add the token to his portfolio. In a post on X on 20 June, the industry veteran announced his plans to add PENDLE AND Dogecoin [DOGE] to his \u201cbags.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Shortly after, on-chain analyst Lookonchain <a href=\"https:\/\/x.com\/lookonchain\/status\/1803676312760098877\" target=\"_blank\" rel=\"noopener\">found<\/a> that Hayes transferred $2.05 million in USD Coin (USDC) to Wintermute. In return, he received 280 ETH, valued at around $1 million, and 92,339 PENDLE, worth around $554,000.<\/span><\/p>\n<h2>PENDLE puts holders in profit<\/h2>\n<p><span style=\"font-weight: 400;\">In addition to Hayes\u2019 move, the week has seen a surge in the general demand for the PENDLE.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/app.santiment.net\/charts\/m8sOR_Y4__sCl\"><span style=\"font-weight: 400;\">Santiment\u2019s<\/span><\/a><span style=\"font-weight: 400;\"> data, over the past week, the number of daily addresses that have traded the altcoin has surged by 22% between 14 and 21 June. <\/span><span style=\"font-weight: 400;\">During the same period, the daily count of new addresses created to trade PENDLE hiked by 30%.<\/span><\/p>\n<figure id=\"attachment_401313\" aria-describedby=\"caption-attachment-401313\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.28.41-22-Jun-2024.png\"><img decoding=\"async\" class=\"wp-image-401313 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.28.41-22-Jun-2024.png\" alt=\"Pendle Network Activity\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.28.41-22-Jun-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.28.41-22-Jun-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.28.41-22-Jun-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.28.41-22-Jun-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.28.41-22-Jun-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.28.41-22-Jun-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.28.41-22-Jun-2024-1200x406.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-401313\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">In fact, during the week under review, the token\u2019s weighted sentiment spiked to a two-month high of 2.37 on 19 June.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This metric tracks the overall mood of the market regarding an asset. It considers the sentiment trailing the asset and the volume of social media discussions. When it spikes this way, it suggests a surge in positive mentions.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/pendle-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Pendle\u2019s [PENDLE] Price Prediction<\/a>\u00a02024-2025<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">As its price rallied, PENDLE holders also recorded gains. Using the seven-day moving average, AMBCrypto assessed the token\u2019s daily ratio of transaction volumes in profit to loss. The metric\u2019s value was 1.77 at press time.<\/span><\/p>\n<figure id=\"attachment_401315\" aria-describedby=\"caption-attachment-401315\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.29.36-22-Jun-2024.png\"><img decoding=\"async\" class=\"wp-image-401315 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.29.36-22-Jun-2024.png\" alt=\"Pendle daily ratio of transaction volume in profit to loss\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.29.36-22-Jun-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.29.36-22-Jun-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.29.36-22-Jun-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.29.36-22-Jun-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.29.36-22-Jun-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.29.36-22-Jun-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Pendle-on-Ethereum-PENDLE-07.29.36-22-Jun-2024-1200x406.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-401315\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This suggested that for every PENDLE transaction that ended in a loss over the past week, 1.77 transactions returned a profit. Simply put, PENDLE holders have recorded more profits than they have accrued losses trading the altcoin in the last seven days.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If buying momentum maintains itself and the uptrend continues, PENDLE may rally to exchange hands at $6.53.<\/span><\/p>\n<figure id=\"attachment_401316\" aria-describedby=\"caption-attachment-401316\" style=\"width: 2352px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/PENDLEUSDT_2024-06-22_07-30-30.png\"><img decoding=\"async\" class=\"wp-image-401316 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/PENDLEUSDT_2024-06-22_07-30-30.png\" alt=\"PENDLE 1-Day Chart\" width=\"2352\" height=\"1342\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/PENDLEUSDT_2024-06-22_07-30-30.png 2352w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/PENDLEUSDT_2024-06-22_07-30-30-300x171.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/PENDLEUSDT_2024-06-22_07-30-30-1024x584.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/PENDLEUSDT_2024-06-22_07-30-30-768x438.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/PENDLEUSDT_2024-06-22_07-30-30-1536x876.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/PENDLEUSDT_2024-06-22_07-30-30-2048x1169.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/PENDLEUSDT_2024-06-22_07-30-30-1200x685.png 1200w\" sizes=\"(max-width: 2352px) 100vw, 2352px\" \/><\/a><figcaption id=\"caption-attachment-401316\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">However, if selling activity climbs, thereby putting downward pressure on the altcoin\u2019s price, the aforementioned projection will be invalidated. And, the token may fall towards $5.82 on the charts.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the market&#8217;s biggest gainers, PENDLE should thank Arthur Hayes now. <\/p>\n","protected":false},"author":64,"featured_media":401332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-401304","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PENDLE crypto&#039;s 25% hike - Here&#039;s how and why it happened - AMBCrypto<\/title>\n<meta name=\"description\" content=\"The price of PENDLE, the altcoin that powers the popular decentralized finance (DeFi) protocol, Pendle, has seen a double-digit price...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PENDLE crypto&#039;s 25% hike - Here&#039;s how and why it happened - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"One of the market&#039;s biggest gainers, PENDLE should thank Arthur Hayes now.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-22T15:00:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/pendle.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1254\" \/>\n\t<meta property=\"og:image:height\" content=\"716\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Abiodun Oladokun\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/0xAbiodun\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abiodun Oladokun\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\\\/\"},\"author\":{\"name\":\"Abiodun Oladokun\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/448f3184b94221384fedfce7a5981ea2\"},\"headline\":\"PENDLE crypto&#8217;s 25% hike &#8211; Here&#8217;s how and why it happened\",\"datePublished\":\"2024-06-22T15:00:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\\\/\"},\"wordCount\":449,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/pendle.jpg\",\"articleSection\":[\"Altcoin\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\\\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\\\/\",\"name\":\"PENDLE crypto's 25% hike - Here's how and why it happened - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/pendle.jpg\",\"datePublished\":\"2024-06-22T15:00:59+00:00\",\"description\":\"The price of PENDLE, the altcoin that powers the popular decentralized finance (DeFi) protocol, Pendle, has seen a double-digit price...\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/pendle.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/pendle.jpg\",\"width\":1254,\"height\":716,\"caption\":\"PENDLE crypto's 25% hike - Here's how and why it happened\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/448f3184b94221384fedfce7a5981ea2\",\"name\":\"Abiodun Oladokun\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/image-150x150.jpeg\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/image-150x150.jpeg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/image-150x150.jpeg\",\"caption\":\"Abiodun Oladokun\"},\"description\":\"Abiodun is a freelancer writer working with AMBCrypto. He is also a lawyer with over 2 years of experience. With a keen interest in blockchain technology and its limitless possibilities, Abiodun spends his time understanding the technology, building projects, and educating people about it.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/abiodun-oladokun-068808168\\\/\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/twitter.com\\\/0xAbiodun\"],\"knowsAbout\":[\"Technical Analysis\",\"Crypto Market Trends\",\"Crypto Market Analysis\"],\"jobTitle\":\"Journalist\",\"worksFor\":\"AMBCrypto\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/author\\\/abiodun-oladokun\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"PENDLE crypto's 25% hike - Here's how and why it happened - AMBCrypto","description":"The price of PENDLE, the altcoin that powers the popular decentralized finance (DeFi) protocol, Pendle, has seen a double-digit price...","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/","og_locale":"en_US","og_type":"article","og_title":"PENDLE crypto's 25% hike - Here's how and why it happened - AMBCrypto","og_description":"One of the market's biggest gainers, PENDLE should thank Arthur Hayes now.","og_url":"https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_published_time":"2024-06-22T15:00:59+00:00","og_image":[{"width":1254,"height":716,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/pendle.jpg","type":"image\/jpeg"}],"author":"Abiodun Oladokun","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/0xAbiodun","twitter_site":"@CryptoAmb","twitter_misc":{"Written by":"Abiodun Oladokun","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/#article","isPartOf":{"@id":"https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/"},"author":{"name":"Abiodun Oladokun","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/448f3184b94221384fedfce7a5981ea2"},"headline":"PENDLE crypto&#8217;s 25% hike &#8211; Here&#8217;s how and why it happened","datePublished":"2024-06-22T15:00:59+00:00","mainEntityOfPage":{"@id":"https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/"},"wordCount":449,"commentCount":0,"publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"image":{"@id":"https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/pendle.jpg","articleSection":["Altcoin","News","News 1","Social","Trading View"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/ambcrypto.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/","url":"https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/","name":"PENDLE crypto's 25% hike - Here's how and why it happened - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/pendle.jpg","datePublished":"2024-06-22T15:00:59+00:00","description":"The price of PENDLE, the altcoin that powers the popular decentralized finance (DeFi) protocol, Pendle, has seen a double-digit price...","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/pendle-cryptos-25-hike-heres-how-and-why-it-happened\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/pendle.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/pendle.jpg","width":1254,"height":716,"caption":"PENDLE crypto's 25% hike - Here's how and why it happened"},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/448f3184b94221384fedfce7a5981ea2","name":"Abiodun Oladokun","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/image-150x150.jpeg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/image-150x150.jpeg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/image-150x150.jpeg","caption":"Abiodun Oladokun"},"description":"Abiodun is a freelancer writer working with AMBCrypto. He is also a lawyer with over 2 years of experience. With a keen interest in blockchain technology and its limitless possibilities, Abiodun spends his time understanding the technology, building projects, and educating people about it.","sameAs":["https:\/\/www.linkedin.com\/in\/abiodun-oladokun-068808168\/","https:\/\/x.com\/https:\/\/twitter.com\/0xAbiodun"],"knowsAbout":["Technical Analysis","Crypto Market Trends","Crypto Market Analysis"],"jobTitle":"Journalist","worksFor":"AMBCrypto","url":"https:\/\/ambcrypto.com\/author\/abiodun-oladokun\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/401304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/comments?post=401304"}],"version-history":[{"count":0,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/401304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media\/401332"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=401304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/categories?post=401304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/tags?post=401304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}