Pendle

<p>Arthur Hayes, the co-founder of BitMEX, has sold a significant portion of his $PENDLE holdings, amounting to 1.27 million tokens. The current value of these tokens is at approximately $4.4 million. According to Lookonchain data, this sale which accounts for 61% of his total holdings, leaves him with 820,000 $PENDLE worth $2.85 million.</p><h2 id="header-0">Arthur Hayes Confident in $PENDLE Despite Recent Sale</h2><p>Just nine days prior, Hayes expressed confidence in <a href="https://blockchainreporter.net/arthur-hayes-boosts-crypto-holdings-with-pendle-and-doge-additions/" rel="noopener noreferrer nofollow">$PENDLE</a> by tweeting that he expected its value to reach $10. However, he recently announced a reduction in his position to fund a “special situation.” In his latest tweet, Hayes noted that his family office fund, Maelstrom, is still one of the largest holders of $PENDLE, despite the recent sale.</p><p>Hayes did not hide the fact that in his opinion $PENDLE will be at the forefront of the sphere of the crypto interest rates derivatives market. He intends to benefit from the anticipated rise in the value of $PENDLE market even after he reduces his shares in $PENDLE. The specific reason for the reduction has not been disclosed. However, Hayes hinted that those who track crypto wallets will soon be aware of the developments.</p><h2 id="header-1">Crypto Enthusiasts Await Details on Hayes’ “Special Situation”</h2><p>The crypto community is aware of a large transaction, reported by <a href="https://lookonchain.com/" rel="noopener noreferrer nofollow">Lookonchain</a>, notably because Hayes had shown strong support for $Pendle previously. His actions may influence other investors in the market. Because investors understand the future potential of $PENDLE and its role in crypto finance. As the situation develops, many will be watching closely to see how Hayes’s remaining holdings perform and what the “special situation” entails.</p>

Arthur Hayes Sells $4.4 Million in $PENDLE Holdings

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