BitMEX Co-Founder Arthur Hayes Deposits $5.61M in PENDLE into Binance and Bybit Over Three Days
Arthur Hayes, co-founder of BitMEX Exchange, has made significant movements of PENDLE and ATH tokens over the past three days, according to on-chain data analysis platform Spot On Chain. Hayes deposited 1.595 million PENDLE tokens, valued at $5.61 million, into Binance and Bybit. In parallel, he withdrew 16.478 million ATH tokens, worth approximately $1.02 million, from OKX, Bybit, and KuCoin, using his wallet address that begins with 0x75b.
The transactions have drawn attention due to the substantial amounts involved, reflecting Arthur Hayes’ active engagement in managing his crypto portfolio across centralized exchanges (CEXs).
Significant PENDLE Deposits Into Binance and Bybit
Over the past three days, Arthur Hayes deposited a total of 1.595 million PENDLE, valued at $5.61 million, into major exchanges Binance and Bybit. PENDLE, a token within the DeFi ecosystem, has garnered attention for its yield-generating opportunities, and Hayes’ significant deposits indicate potential trading or investment strategies involving the asset.
In addition to these deposits, Hayes continues to hold 493,463 PENDLE tokens, valued at $1.98 million, making it his third-largest holding. This position has an unrealized profit of $1.15 million, reflecting Hayes’ successful investment in PENDLE.
ATH Withdrawals from OKX, Bybit, and KuCoin
On the other side of the transactions, Arthur Hayes withdrew 16.478 million ATH tokens, valued at $1.02 million, from OKX, Bybit, and KuCoin. The withdrawal of ATH tokens, which belong to the Althash Blockchain, suggests Hayes’ strategic adjustment of his portfolio.
Currently, Hayes holds 62.257 million ATH tokens, worth around $4.1 million, making it his second-largest holding. His significant positions in both ATH and PENDLE demonstrate his diverse investment strategy across different sectors of the crypto market.
Arthur Hayes’ Active Crypto Portfolio Management
As a prominent figure in the cryptocurrency space, Arthur Hayes’ on-chain activities are closely watched by the market. His recent transactions involving PENDLE and ATH tokens reflect his active management of a large-scale portfolio, with strategic deposits, withdrawals, and holdings across multiple exchanges.
With PENDLE showing strong performance and ATH serving as a significant part of his portfolio, Hayes’ decisions offer insight into how high-profile crypto investors operate within the evolving DeFi and blockchain ecosystems.
Conclusion: Arthur Hayes’ Crypto Movements Signal Strategic Portfolio Adjustments
Arthur Hayes’ recent deposits of $5.61 million in PENDLE into Binance and Bybit, along with his withdrawal of $1.02 million in ATH from OKX, Bybit, and KuCoin, reflect his continued involvement in managing a diversified crypto portfolio. His positions in PENDLE and ATH demonstrate an active strategy focused on both DeFi opportunities and blockchain-based assets.
As Hayes continues to make significant moves across centralized exchanges, his actions remain closely monitored by the crypto community for potential market implications.
Internal Link Reference
To learn more about the latest movements of major crypto investors and their portfolio strategies, explore our article on the latest news, where we provide insights from leading analysts and market experts.
