Pendle over the past 24 hours is like a bubble tea shop suddenly getting slammed with orders: its usual daily revenue is $31.71 million, but today it’s $106 million—3.3 times higher.
It’s good that the shop is collecting more in fees, but we need to figure out whether real customers showed up or just a few people kept getting back in line (wash trading). As for me, I’m the one outside counting heads.
$PENDLE 24h -2.52%. If that stings, leave a like.
#PENDLE
Just sharing my thoughts; this is not investment advice.
It’s good that the shop is collecting more in fees, but we need to figure out whether real customers showed up or just a few people kept getting back in line (wash trading). As for me, I’m the one outside counting heads.
$PENDLE 24h -2.52%. If that stings, leave a like.
#PENDLE
Just sharing my thoughts; this is not investment advice.
