DeFi tokens down 10-20% this week, led by Pendle

The Decentralized Finance (DeFi) market has seen significant volatility this week, with Pendle's governing token dropping 20%, raising concerns in the market. The market is volatile, so please exercise risk control. The locked-in asset value (TVL) of the Pendle protocol dropped by a sudden $3 billion, with many users opting to withdraw their funds rather than renew their holdings upon expiration in June. tokens from major DeFi platforms such as Aave (AAVE) and Lido (LDO) fell by 10-15% in tandem. Additionally, a large investor moved millions of dollars of tokens to sell on the Coin Exchange, adding to the panic and liquidity changes in the market. Mainstream cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have similarly underperformed, further exacerbating instability in the DeFi market.