BitMEX founder Arthur Hayes made a significant investment in PENDLE, purchasing $500,000 of PENDLE through Wintermute. This latest acquisition brings Hayes' total PENDLE holdings to 1.555 million PENDLE, valued at approximately $8.08 million USD.
BitMEX Founder Arthur Hayes Made a Significant Investment in PENDLE
Hayes' average cost for PENDLE tokens is approximately $2.02. At current market capitalization, his earnings from this investment are estimated to be around $4.89 million, representing a significant return on his investment.
Hayes expressed his bullish view on PENDLE in his last blog post. “I will buy more Pendle,” he said, signaling his confidence in the token's potential.
This move by Hayes, a well-known figure in the cryptocurrency industry, could prompt other investors to follow suit, given his history and influence in the crypto space.
PENDLE is a cryptocurrency known for its innovative approach to decentralized finance (DeFi), offering users the ability to yield farming and liquidity.
Hayes' investment in PENDLE is in line with his track record of identifying promising projects in the crypto ecosystem.
As Hayes continues to increase his stake in PENDLE, market watchers will be eager to monitor the digital asset's performance and impact on the broader cryptocurrency market.
*This is not investment advice.