- BitMEX founder Arthur Hayes has recorded a $4 million profit from his investment in Pendle (PENDLE).
- Hayes’ Pendle holdings are now valued at $8 million, doubling his initial investment.
- Hayes plans to expand his investment portfolio, including buying Solana and meme coins, and increasing his stakes in Pendle.
Arthur Hayes, the founder of BitMEX, has seen a significant return on his investment in Pendle, with plans to expand his portfolio to include Solana and meme coins.
Hayes’ Profitable Pendle Investment
Arthur Hayes, the founder of the BitMEX exchange, has recorded over $4 million in profit from his continued investment in Pendle (PENDLE), a project at the forefront of tokenization and trading of future yield. Data from Etherscan shows that a wallet associated with Hayes exchanged $510,545 USDC stablecoins for 98,560 PENDLE tokens just eight hours ago. This trade was orchestrated via prominent market maker Wintermute.
Hayes’ Accumulation of PENDLE Tokens
Hayes’ accumulation of PENDLE tokens dates back to June 2023, when he first bought 100,000 units from an anonymous source. Between September 2023 and March 2024, he procured 1.2 million tokens through Binance. Before his latest transaction, Hayes bought over 57K PENDLE tokens from Wintermute two days ago. As a result of this last accumulation, the BitMEX founder now holds 1,555,697 PENDLE coins, valued at $8,058,514 at press time.
Hayes’ Future Investment Plans
In his latest blog post, Arthur Hayes revealed his intention to purchase Solana and various meme coins for “momentum trading positions.” He also mentioned that he is boosting his stakes in Pendle for more enduring speculative investments and will scout for additional tokens on sale. He intends to use the remainder of May to expand his investment portfolio.
Conclusion
Arthur Hayes’ successful investment in Pendle demonstrates the potential profitability of strategic crypto investments. With plans to expand his portfolio, including buying Solana and meme coins, Hayes continues to be a significant player in the crypto market.
