BitMEX founder Arthur Hayes sent over $3.2 million worth of the PENDLE token to Binance today. The news caused a stir in the cryptocurrency community, as many saw it as a sign that Hayes is losing faith in the project. However, Hayes has since clarified that this is not the case. The token has been performing well lately and the project has a strong team behind it. No evidence suggests that Hayes has reduced his bullish stance on the long-term success of PENDLE.