Arthur Hayes sold 350,000 PENDLE tokens in the past hour, losing about $BTC
PANews reported on September 20 that according to Lookonchain monitoring, Arthur Hayes sold 350,000 Pendle tokens (worth about $1.26 million) in the past hour, resulting in a loss of about $790,000 (-36%). He had previously purchased 392,911 Pendle (worth about $2.2 million at the time) through Wintermute from May 20 to June 21, when the price was around $5.6. Three months later, the Pendle price fell by more than 40%, prompting him to cut his losses and exit the position.
