Arthur Hayes Secures Massive $4.9M Profit from PENDLE (PENDLE) Crypto Investment

• BitMEX founder Arthur Hayes has recorded a $4 million profit from his investment in Pendle (PENDLE).
• Hayes’ Pendle holdings are now valued at $8 million, doubling his initial investment.
• Hayes plans to expand his investment portfolio, including buying Solana and meme coins, and increasing his stakes in Pendle.

Arthur Hayes, the founder of BitMEX, has seen a significant return on his investment in Pendle, with plans to expand his portfolio to include Solana and meme coins.

Hayes’ Profitable Pendle Investment

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. Data from Etherscan shows that a wallet associated with Hayes exchanged $510,545 USDC stablecoins for 98,560 PENDLE tokens just eight hours ago. This trade was orchestrated via prominent market maker Wintermute.

Hayes’ Accumulation of PENDLE Tokens

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 ... Read the full article for FREE at COINOTAG!