PANews reported on June 20 that according to Lookonchain monitoring, after Arthur Hayes said he was increasing his holdings of PENDLE and DOGE, one of his wallets purchased 92,339.6 PENDLE (worth US$554,000) through Wintermute.

He transferred 2.05 million USDC to Wintermute, and then received 280 ETH (worth $1 million) and 92,339.6 PENDLE (worth $554,000).