Arthur Hayes Expands Crypto Portfolio with $500,000 DeFi Token Purchase, Boosting Altcoin Market (ALT)

• BitMEX co-founder Arthur Hayes has increased his investment in the decentralized finance (DeFi) altcoin project Pendle (PENDLE) by $500,000, according to on-chain data.
• Hayes made the transaction using Wintermute, a leading digital assets trading firm, and now holds more than 1,555,697 PENDLE tokens valued at over $7.7 million.
• Hayes, who is also an advisor for the Pendle project, has previously expressed his intention to increase his investment in the project during the broader crypto market correction in May.

BitMEX co-founder Arthur Hayes increases his investment in DeFi altcoin project Pendle by $500,000, now holding tokens valued at over $7.7 million.

Hayes Boosts Investment in Pendle

Arthur Hayes, co-founder of BitMEX, has increased his stake in the DeFi altcoin project Pendle by $500,000, according to on-chain data. The transaction was made using Wintermute, a leading digital assets trading firm. Hayes now holds more than 1,555,697 PENDLE tokens, valued at over $7.7 million.

Hayes’ Strategy and Market Predictions

Hayes, who is also an advisor for the Pendle project, had previously announced during the broader crypto market correction on May 2nd that he intended to increase his investment in Pendle. He stated, “I’m buying Solana and doggie coins (memecoins) for momentum trading positions. For longer-term sh*tcoin positions, I’m upping my allocations in Pendle and will identify other tokens that are ‘on sale.’ I will use the rest of M... Read the full article for FREE at COINOTAG!