PENDLE (Pendle) 24-hour pump 8.00%

Gate News Bot message, September 11, according to CoinMarketCap data, as of the time of writing, PENDLE (Pendle) is currently priced at 5.08 USD, with a pump of 8.00% in the last 24 hours, reaching a high of 5.09 USD and a low of 4.47 USD. The volume in the last 24 hours has reached 9.25 million USD. The current market capitalization is approximately 858 million USD, an increase of 63.6 million USD compared to yesterday.

Pendle is the world's largest cryptocurrency yield trading platform. The platform offers two main products: Boros Margin and V2 Spot. Boros Margin allows users to trade any yield with powerful leverage and unprecedented capital efficiency, even off-chain rates. V2 Spot supports users to trade spot yields, earn fixed income, or leverage long yields without locking, and with no liquidation risk. Pendle aims to enable the trading, hedging, liberation, earning, leveraging, and fixing of yields.

Important news about PENDLE recently:

1️⃣ Launch AI agent tool Pulse to optimize PT yield Pendle has partnered with Giza to launch an AI agent tool called Pulse. This is a PT (Principal Token) portfolio optimizer that helps users reallocate funds to optimal markets around the clock, manage maturity cycles, and automatically perform compounding. The launch of this tool is expected to enhance user experience and attract more investors to participate in the Pendle ecosystem.

2️⃣ Boros platform volume surpasses $500 million milestone The funding rate trading platform Boros under Pendle has performed impressively since its launch a month ago. The platform's cumulative nominal volume has surpassed $524 million, with an open interest scale reaching $61.1 million and a user count of 11,000. This achievement demonstrates the market's recognition of Pendle's new product, which helps enhance the value and demand for the PENDLE token.

3️⃣ Market Capitalization Fund Flow Changes Recently, a large holder address has been observed converting PENDLE positions into other crypto assets. This address sold approximately $355,000 worth of PENDLE within 16 hours. While this may create short-term supply pressure, it also reflects PENDLE's good liquidity, which can support large transactions without causing significant price fluctuations.

From a technical perspective, the 8.00% rise in PENDLE over the past 24 hours and the high volume indicate a positive market attitude towards the project. On the fundamental side, Pendle continues to launch innovative products and tools, demonstrating strong development momentum, which could be a key factor supporting the price increase.

This message does not constitute investment advice; investors should be aware of market volatility risks.