Pendle

bullish

2024

Arthur

Coin

<ul class="wp-block-list news-points">
 <li><strong>Hayes sells 350K PENDLE tokens at a loss but still holds 1.66M, valued at $5.93M.</strong></li>
 <li><strong>Pendle recovers 4.24%, showing bullish signs despite Hayes’ partial exit amid market decline.</strong></li>
 <li><strong>MACD signals bullish momentum as RSI nears overbought, reflecting strong buying interest.</strong></li>
</ul>
<p>Arthur Hayes, founder of BitMEX, has sold 350,000 PENDLE tokens, worth $1.26 million, at a considerable loss. Hayes had purchased 392,911 PENDLE tokens at an average price of $5.6 per token between May and June 2024; means he is still holding on to some.</p>
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   <p lang="en" dir="ltr">Arthur Hayes(<a href="https://twitter.com/CryptoHayes?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@CryptoHayes</a>) sold 350K <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PENDLE</a>($1.26M) at a loss in the past hour.<br><br>He bought 392,911 <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PENDLE</a>($2.2M) at ~$5.6 through <a href="https://twitter.com/hashtag/Wintermute?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Wintermute</a> from May 20 to June 21.<br><br>3 months later, <a href="https://twitter.com/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PENDLE</a> dropped by over 40%, prompting him to sell at a total loss of $790K (-36%).… <a href="https://t.co/muuiX67m9M" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/muuiX67m9M</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1837017238873751916?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 20, 2024</a>
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<p>Pendle’s price has dropped by more than 40% due to a market decline, resulting in a total loss of $790,000 or approximately -36% on his initial investment.</p>
<h2 class="wp-block-heading" id="h-market-decline-forces-hayes-hand"><strong>Market Decline Forces Hayes’ Hand</strong></h2>
<p>According to blockchain data, Hayes originally acquired the tokens through Wintermute, a major market maker, bu…</p>
<p>The post <a href="https://coinedition.com/bitmex-founder-arthur-hayes-sells-pendle-tokens-at-a-loss/" rel="noopener noreferrer nofollow">BitMEX Founder Arthur Hayes Sells PENDLE Tokens at a Loss</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

BitMEX Founder Arthur Hayes Sells PENDLE Tokens at a Loss

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