Arthur Hayes, the founder of the BitMEX exchange, recently sold 1.59 million PENDLE tokens for about $5.62 million, with an average price of $3.52 per token. This selloff has happened in the last two days, and a lot of selling was done from his portfolio.
It seems to go against his latest public sentiment when he said he is bullish on PENDLE and expects it to surpass $10. Despite this massive sale, the price went up, and the tokens that Hayes sold are worth approximately $6.91 million, which means he has lost around $1.29 million.
Arthur Hayes(@CryptoHayes) sold 1.59M $PENDLE for $5.62M at an average price of $3.52 over the past 2 days.
After his sell-off, the price of $PENDLE surged by 24%, making the 1.59M $PENDLE worth $6.91M now.
His sell-off resulted in a loss of ~$1.29M!https://t.co/HNWw2RiuDO pic.twitter.com/IWvDTrc0Qt
— Lookonchain (@lookonchain) September 22, 2024
Before this, Hayes had sold 1,270,000 PENDLE tokens for $4.4m worth of cryptocurrency, or 61% of
We współpracy z: https://www.thecoinrepublic.com/2024/09/22/pendle-over-20-up-for-the-day-despite-offloads/
