Maple Finance’s token ignited Thursday, blazing a “God candle” across the charts as whale wallets swelled their holdings, on-chain data revealed. Fueling the inferno: Assets under management soared to unprecedented heights.
Summary
- SYRUP price jumped by over 15% on Thursday as whales bought the dip.
- Maple Finance’s total value locked and assets under management have soared to a record high.
- Technicals point to more SYRUP gains, potentially to the year-to-date high.
Maple Finance (SYRUP) is sizzling! After a dormant period, SYRUP exploded to $0.5500, a peak unseen since July 11th. This 36% surge from its yearly low wasn’t a quiet climb – a staggering $216 million in trades fueled the ascent, signaling strong investor interest.
SYRUP’s price is surging, fueled by network growth that’s hitting hyperdrive. On-chain metrics reveal a feeding frenzy, with the total value locked skyrocketing to a mouthwatering $2.13 billion – a colossal leap from January’s $275 million low. The SYRUP craze is officially on!
Maple Finance TVL has jumped | Source: DeFi Llama
Blue Chip’s star is rising! Assets under management have surged to a staggering $3.16 billion. Their Blue Chip Secured Lending Fund, boasting over $169 million in assets, delivers a solid 7.1% net APY. But for those seeking higher returns, the High-Yield Secured Lending fund, managing over half a billion dollars ($502M+), offers an impressive 10% APY.
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Maple Finance is tapping into a gusher of profits as its Bitcoin yield soars to $177 million and syrupUSDC nears a staggering $1 billion in assets. The platform’s financial fortunes have surged, with net earnings exploding from $207,000 to a remarkable $988,000 year-over-year in the second quarter, solidifying Maple Finance’s position as a key player in the decentralized finance landscape.
SYRUP’s price spiked, fueled by whale-sized appetites snapping up the recent dip. On-chain whispers reveal these crypto leviathans now control a staggering 3.3 million tokens, a feeding frenzy that began mid-week, devouring shares from a previous 9.48 million. This surge marks their most significant accumulation since late July, suggesting big players are betting big on SYRUP’s future.
Smart money is making bold moves, upping their stakes to a hefty 17.53 million. Meanwhile, the exchanges are feeling the pinch, with balances shrinking by 1.7% in the last week alone, now sitting at 299 million. Is this the calm before the storm?
SYRUP price technical analysis
SYRUP price chart | Source: crypto.news
Maple Finance Token Stages Dramatic Comeback After Wednesday’s Dip
Maple Finance (MPL) experienced a rollercoaster ride this week. After bottoming out at $0.4033 on Wednesday, the token staged a dramatic recovery today, July 24th. Triggering the surge was a “God candle” formation, fueled by strategic dip-buying, particularly from whale investors eager to capitalize on the lower price point.
SYRUP is popping! After shaking off bearish pressure, the token decisively sliced through both the 25 and 50-period moving averages. More importantly, SYRUP has blasted through the upper resistance of a falling wedge pattern a classic signal that bulls are back in town and ready to feast.
Maple is primed for a breakout! Bulls are charging towards the year-to-date peak of $0.6600, a target representing a potentially explosive 30% surge from current levels. Keep your eyes on Maple – the ascent could be swift.
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