Arthur Hayes, co-founder of BitMEX, unloaded 1.55 million PENDLE tokens valued at $9.41 million, fueling concerns among PENDLE token holders. This move raises concerns about a potential price dump, given Hayes’s significant holdings of 1.69 million tokens and the possible impact on the market. Hayes is an influential crypto trader. Currently, he retains 1.69 million […]
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- Arthur Hayes unstakes $9.41M PENDLE, sparking market concerns.
- Hayes holds 1.69M PENDLE with $6.46M unrealized profit.
- PENDLE price slightly drops after Hayes’s transaction.
Arthur Hayes, co-founder of BitMEX, unloaded 1.55 million PENDLE tokens valued at $9.41 million, fueling concerns among PENDLE token holders. This move raises concerns about a potential price dump, given Hayes’s significant holdings of 1.69 million tokens and the possible impact on the market.
Hayes is an influential crypto trader. Currently, he retains 1.69 million PENDLE tokens, with an average purchase price of $2.24 per token. This holding translates to an unrealized profit of approximately $6.46 million. Despite the recent un-staking, some believe Hayes’ commitment to PENDLE remains strong. Just days before this move, he acquired additional tokens at an average price of $6.15.
The post BitMEX Co-Founder Dumps PENDLE Stake, Triggering Market Volatility appeared first on Coin Edition.
