Arthur Hayes Says He Likes “Price Mobility”, Bought 2 Altcoins

BitMEX founder Arthur Hayes is investing in two altcoins as the market continues to fluctuate.

Dogecoin (DOGE), the largest memecoin, has started to rise again after a bad start to this week. Meanwhile, the transactions of whales in the market gained importance.

Earlier today, an unknown wallet deposited 99.3 million DOGE worth $12.4 million to mobile trading app Robinhood, according to Whale Alert data.

Started to add

Arthur Hayes, founder of the cryptocurrency exchange BitMEX, said that he liked the horizontal and downward mobility shown by shitcoins in the market.

Under these conditions, Hayes said, he began adding Dogecoin (DOGE) to his portfolio. Hayes also continues to purchase Pendle Finance (PENDLE).

He's been praising for months

Arthur Hayes has been investing in the Pendle project, which has received investment from Binance's investment arm, Binance Labs, for months.

Last week, Hayes locked up 1.65 million PENDLE ($8.4 million) until September 5, according to blockchain analysis platform Lookonchain. Pendle users obtain PENDLE in exchange for the PENDLE tokens they lock on the platform, depending on the amount of PENDLE and the locking period.