Arthur Hayes Nets $4,916,006 Profit from Investing in PENDLE Tokens
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- Arthur Hayes records a $4 million profit from his Pendle investment.
- Hayes’ Pendle holdings are now valued at $8 million, doubling his initial outlay.
- Hayes plans to buy Solana and meme coins while increasing Pendle stakes.
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.
Well-known Chinese reporter Colin Wu called attention to this development in a recent post on X. Data from Etherscan showed that a wallet associated with Hayes exchanged $510,545 USDC stablecoins for 98,560 PENDLE tokens just eight hours ago. Hayes orchestrated this trade via prominent market maker Wintermute.
Meanwhile, 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 …
The post Arthur Hayes Nets $4,916,006 Profit from Investing in PENDLE Tokens appeared first on Coin Edition.
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