Arthur Hayes, who continues to sell Pendle, has turned to DePin altcoin again
Famous investor Arthur Hayes continues his surprising trades. It is seen that Hayes has switched to Aethir, which he has been buying repeatedly in recent periods, instead of Pendle, which he suggested at the conference in Singapore just last week but later started to sell.
Arthur Hayes, who suggested Pendle with a few coins at the TOKEN2049 conference in Singapore last week, later started to sell his tokens. Hayes, who made losses in Pendle, is seen to have chosen DePin coin Aethir in recent weeks.
Hayes, who has been buying Aethir (ATH) especially since August, has reached $6 million in the last month. Despite this much buying, Hayes still has a loss of $170 thousand in his ATH investment.
Pendle portfolio shrinks
Hayes, who announced last week that he had a large investment in Pendle, one of the DeFi projects that Binance exchange also invested in, has also decreased the amount he has. Hayes, who moved from Pendle to Aethir, has approximately $1 million in Pendle left.
According to the information provided by Lookonchain, Hayes has sold $6.5 million in Pendle in the last 4 days alone.
Hayes suggested buying Pendle, Ondo, Ethena and Ether at the TOKEN2049 conference in Singapore. In the days following this suggestion, it was also noteworthy that he sold millions of dollars in Pendle.
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