Arthur Hayes Profits $1.24M from PENDLE Selling Spree, Holdings Nearly Cleared

COINOTAG reports that Arthur Hayes, co-founder of BitMEX, recently transferred an additional 240,000 PENDLE, valued at approximately $950,000, to Binance. This transaction, which occurred just two hours ago, indicates that Hayes is close to liquidating his PENDLE holdings. Over the last four days, he has sold a total of 1.835 million PENDLE, worth around $6.55 million, leaving him with just 253,000 PENDLE. With an acquisition cost of $2.89 per PENDLE and a recent selling price averaging $3.57, Hayes has realized a substantial profit of $1.24 million. This strategic move by a prominent figure in the crypto space may prompt further attention to PENDLE’s market activity.