⚠️ WARNING: $SPK has a Vietnamese founder.

Insiders likely control large supply.

We’re seeing strong short signals forming.

📉 Don’t get caught in the FOMO — this could be the classic farm → pump → dump pattern.

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🔍 Pendle in Practice: How Smart Money Rides $SPK

This week was a textbook case of why @pendle_fi = alpha.

Let’s break it down:

🔹 On July 10th:

• YT-USDS-SPK had an Implied APY of ~4%

→ Meaning: low demand to farm $SPK = early accumulation

🔹 Today?

• Implied APY is at 10%

→ Up 2x+ from the bottom

→ Market is now pricing in a pump — possibly engineered for exit liquidity

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🎯 Bottom line:

Smart money has been farming $SPK cheap, and now they’re letting retail chase yield.

You’re not farming — you’re buying their exit.

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#SPK #Pendle #YieldTrap #DeFiAlpha #BinViet #CryptoNarrative #ImpliedAPY #CryptoWarning #AltcoinSeason