Currencies32904
Market Cap$ 2.80T-1.17%
24h Spot Volume$ 24.84B-58.9%
DominanceBTC58.77%+0.02%ETH7.72%-0.25%
ETH Gas0.44 Gwei
Cryptorank
MainNewsBitMEX Found...

BitMEX Founder Arthur Hayes Sells PENDLE Tokens at a Loss


Sep, 20, 2024
< 1 min read
by CoinEdition
  • Hayes sells 350K PENDLE tokens at a loss but still holds 1.66M, valued at $5.93M.
  • Pendle recovers 4.24%, showing bullish signs despite Hayes’ partial exit amid market decline.
  • MACD signals bullish momentum as RSI nears overbought, reflecting strong buying interest.

Arthur Hayes, founder of BitMEX, has sold 350,000 PENDLE tokens, worth $1.26 million, at a considerable loss. Hayes had purchased 392,911 PENDLE tokens at an average price of $5.6 per token between May and June 2024; means he is still holding on to some.

Pendle’s price has dropped by more than 40% due to a market decline, resulting in a total loss of $790,000 or approximately -36% on his initial investment.

Market Decline Forces Hayes’ Hand

According to blockchain data, Hayes originally acquired the tokens through Wintermute, a major market maker, bu…

The post BitMEX Founder Arthur Hayes Sells PENDLE Tokens at a Loss appeared first on Coin Edition.

Read the article at CoinEdition

Read More

From Binance to Bishkek: CZ to Help Shape Kyrgyzstan’s Crypto Future

From Binance to Bishkek: CZ to Help Shape Kyrgyzstan’s Crypto Future

Former Binance CEO Changpeng Zhao (CZ) confirmed via X his involvement as an advisor ...
Apr, 04, 2025
< 1 min read
by CoinEdition
Binance Faces Major Backlash As Several Users Call for a Boycott

Binance Faces Major Backlash As Several Users Call for a Boycott

Controversies surrounding token listings, the depegging of the FDUSD stablecoin, and ...
Apr, 04, 2025
by BeInCrypto
MainNewsBitMEX Found...

BitMEX Founder Arthur Hayes Sells PENDLE Tokens at a Loss


Sep, 20, 2024
< 1 min read
by CoinEdition
  • Hayes sells 350K PENDLE tokens at a loss but still holds 1.66M, valued at $5.93M.
  • Pendle recovers 4.24%, showing bullish signs despite Hayes’ partial exit amid market decline.
  • MACD signals bullish momentum as RSI nears overbought, reflecting strong buying interest.

Arthur Hayes, founder of BitMEX, has sold 350,000 PENDLE tokens, worth $1.26 million, at a considerable loss. Hayes had purchased 392,911 PENDLE tokens at an average price of $5.6 per token between May and June 2024; means he is still holding on to some.

Pendle’s price has dropped by more than 40% due to a market decline, resulting in a total loss of $790,000 or approximately -36% on his initial investment.

Market Decline Forces Hayes’ Hand

According to blockchain data, Hayes originally acquired the tokens through Wintermute, a major market maker, bu…

The post BitMEX Founder Arthur Hayes Sells PENDLE Tokens at a Loss appeared first on Coin Edition.

Read the article at CoinEdition

Read More

From Binance to Bishkek: CZ to Help Shape Kyrgyzstan’s Crypto Future

From Binance to Bishkek: CZ to Help Shape Kyrgyzstan’s Crypto Future

Former Binance CEO Changpeng Zhao (CZ) confirmed via X his involvement as an advisor ...
Apr, 04, 2025
< 1 min read
by CoinEdition
Binance Faces Major Backlash As Several Users Call for a Boycott

Binance Faces Major Backlash As Several Users Call for a Boycott

Controversies surrounding token listings, the depegging of the FDUSD stablecoin, and ...
Apr, 04, 2025
by BeInCrypto