BitMEX Founder Arthur Hayes Sells PENDLE Tokens at a Loss
- 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.
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BitMEX Founder Arthur Hayes Sells PENDLE Tokens at a Loss
- 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 More
From Abu Dhabi to Pakistan: WLFI Builds Crypto Bridges With Global Leaders