Wu said that according to Lookonchain monitoring, Arthur Hayes sold 350,000 PENDLE (about 1.26 million US dollars) at a loss in the past hour. He bought 392,911 PENDLE (about 2.2 million US dollars) through Wintermute at a price of about 5.6 US dollars between May 20 and June 21. Three months later, the price of PENDLE fell by more than 40%, and he sold it at a total loss of 790,000 US dollars (-36%).