Arthur Hayes Puts the Load Again on One of His Two Altcoins That He Always Talks About!
Arthur Hayes, the founder of BitMEX, continues his transactions specifically for the 2 altcoins he recently highlighted.
In his post dated June 19, Arthur Hayes announced that he liked the price movements of Dogecoin (DOGE) and Pendle (PENDLE) and that he would buy specifically for these two projects.
It remained unknown how much DOGE and PENDLE Hayes received after this post. But according to data cited by on-chain analysis platform Lookonchain, Hayes purchased $1 million worth of PENDLE through giant market maker Wintermute.
The data revealed that Hayes sent 2 million USDC to Wintermute, and then received $1 million in Ethereum and $1 million in PENDLE.
Last week, it stood out especially with its PENDLE transactions.
Last week, Hayes locked up 1.65 million PENDLE ($8.4 million) until Sept. 5, according to blockchain analysis platform Lookonchain.
Pendle users obtain vePENDLE in exchange for the PENDLE tokens they lock on the platform, depending on the amount of PENDLE and the locking period.
Pendle had received investment from Binance's investment arm, Binance Labs, and was praised by the CEO of Binance himself.
According to CoinGecko data, PENDLE, which has increased by 5.6% in the last 24 hours, is traded at $6.14 at the time of writing.