Why is Pendle Crypto going down?

In the case of PENDLE, if investors perceive it as being in a similar category or facing similar risks as the potentially delisted altcoins, they may opt to reduce their exposure, contributing to the observed downturn.

The recent decline in PENDLE's performance has sparked discussions within the cryptocurrency community. One hypothesis that has gained traction is the potential impact of certain altcoins being delisted from a prominent exchange.

The mere mention of delisting can evoke feelings of unease among investors, as it often signals a lack of confidence in a particular asset or its future prospects. This uncertainty can translate into a sell-off, affecting not only the delisted coin but also other similar altcoins, including PENDLE.

When a cryptocurrency is delisted, it can be challenging for investors to trade or withdraw their holdings, leading to a loss of liquidity and further diminishing trust in the asset. Such developments can trigger a chain reaction, with investors reassessing their portfolios and possibly reallocating funds.

Additionally, the cryptocurrency market is inherently volatile, and news of delistings can amplify existing market trends. Negative sentiment surrounding delistings can quickly spread, fueling further declines across the board.