- Arthur Hayes information a $4 million revenue from his Pendle funding.
- Hayes’ Pendle holdings are actually valued at $8 million, doubling his preliminary outlay.
- Hayes plans to purchase Solana and meme cash whereas growing Pendle stakes.
Arthur Hayes, the founding father of the BitMEX alternate, has recorded over $4 million in revenue from his continued funding in Pendle (PENDLE), a undertaking on the forefront of tokenization and buying and selling of future yield.
Effectively-known Chinese language reporter Colin Wu referred to as consideration to this growth in a current submit on X. Knowledge from Etherscan confirmed {that a} pockets related to Hayes exchanged $510,545 USDC stablecoins for 98,560 PENDLE tokens simply eight hours in the past. Hayes orchestrated this commerce through distinguished market maker Wintermute.
In the meantime, Hayes’ accumulation of PENDLE tokens dates again to June 2023, when he first purchased 100,000 items from an nameless supply. Between September 2023 and March 2024, he procured 1.2 million tokens via Binance.
Earlier than his newest transaction, Hayes purchased over 57K PENDLE tokens from Wintermute two days in the past. On account of this final accumulation, the BitMEX founder now holds 1,555,697 PENDLE cash, valued at $8,058,514 at press time.
Colin Wu estimated that Arthur Hayes acquired his PENDLE belongings at a median price of $2.02 per token. At press time, PENDLE holds a market worth of $5.12. Primarily, the BitMEX alternate founder expended $3,142,507 to construct his PENDLE token portfolio. Now, he instructions greater than double his preliminary funding in return, together with his revenue at $4,916,006.
In his newest weblog submit, Arthur Hayes revealed his intention to buy Solana and varied meme cash for “momentum buying and selling positions.” He additionally talked about that he’s boosting his stakes in Pendle for extra enduring speculative investments and can scout for added tokens on sale. He intends to make use of the rest of Could to increase his funding portfolio.
In the meantime, Hayes disclosed his function as an advisor and investor within the Pendle undertaking, noting that he has been compensated with Pendle tokens for his advisory work.
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