Arthur Hayes, the founder of the cryptocurrency exchange BitMEX, is making moves in the market. On-chain data analytics provider Lookonchain has reported that Hayes recently emptied his main wallet of 1.65 million PENDLE tokens, worth approximately $5.76 million. He then proceeded to deposit 918,556 PENDLE tokens, valued at $3.2 million, into Binance. These transactions indicate that Hayes is potentially preparing to dump the remaining PENDLE tokens in his possession. Lookonchain's analysis suggests that he is likely to liquidate these assets in the near future.