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BitMEX co-founder and cryptocurrency leader Arthur Hayes recently announced that his family office fund Maelstrom Fund has reduced its position in PENDLE, a token focused on crypto interest rate derivatives.
Hayes noted that Maelstrom Fund, among other funds, purchased 392,911 PENDLE tokens at an average price of $5.60 between May 20 and June 21. However, the fund recently sold 350,000 PENDLE tokens at a loss, a move that has garnered attention in the crypto community, especially considering Hayes’ strong support for the asset.
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Despite his position in the asset, Hayes noted that PENDLE remains one of the largest holdings in the Maelstrom Fund’s portfolio. He said he believes in the token’s long-term potential, saying:
“As you can see, Maelstrom Fund is reducing its PENDLE position. Even after the reduction, it is still one of our largest positions. We still fully believe that PENDLE will be a leader in crypto interest rate derivatives and we plan to profit from their success.”
The sale was reportedly made to fund a “special occasion,” but Hayes kept the details secret.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/arthur-hayes-speaks-out-defends-himself-about-the-altcoin-he-first-advertised-and-then-dumped/" rel="noopener noreferrer nofollow">Arthur Hayes Speaks Out, Defends Himself About The Altcoin He First Advertised And Then Dumped</a>

Arthur Hayes Speaks Out, Defends Himself About The Altcoin He First Advertised And Then Dumped

Bitcoin Sistemi EN

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