Top Highlights

• Charles Edwards, the founder of crypto hedge fund Capriole Investments, spotlighted what he believes to be the most undervalued altcoin at the moment
• Edwards pointed to PENDLE, a token operating within the DeFi space, citing its exceptional total value locked (TVL) and market cap as primary indicators of its undervaluation.
• “Perhaps the most undervalued alt right now is PENDLE. Massive $4.6B TVL (about 5% of entire crypto world’s TVL) and market cap just 14% of its TVL. Huge flywheel effects with Ethena also. Ludacris growth,” Edwards remarked, sharing the total value locked (TVL) chart by DefiLlama
• Arthur Hayes, founder of BitMEX, also recently shared his optimism about PENDLE, reinforcing its potential within the DeFi sector with an enthusiastic, “The future of DEFI is PENDLE. Yachtzee bitches.”
• Since the start of January, PENDLE has seen a remarkable 590% increase in price, with a 220% spike in just the last four weeks alone,

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