Arthur Hayes sold Pendle for $350,000 at a 36% loss, making $790,000.
Pendle has partnered with Solve Protocol to strengthen its position in the #DeFi sector. Although the market downturn has hamstrung investors, Pendle's innovations show potential for future growth.
Arthur Hayes, co-founder of BitMEX, sold 350000 #PENDLE tokens today at a loss of $126 million. The sale gave Hayes a 36% loss, totaling $BTC he originally bought 39,2911 PENDLE tokens between May 20 and June 21 at a price of $5.6 per #token . However, when their value fell by more than 50%, Mr. Hayes was forced to sell them at a loss. Before the sale, Mr. Hayes moved the tokens to the exchanges Binance and Bybit.
the last 24 hours, Pendle (PENDLE) traded at $3.55, up 2.555%. The price of the token also fluctuated moderately from a low of $3.34 to a high of $BTC With a market capitalization of $564.56 million, Pendle ranks 105th in market capitalization. Trading volume in the last 24 hours totaled a staggering $78.12 million. However, this is down 4.37% from the previous day. The market capitalization to market cap ratio was 13.90%, indicating active trading in the market.
consumer sentiment continues to improve: 88% of respondents are bullish on PENDLE, while 12% are bearish. This suggests that confidence in the market's growth remains, regardless of volatility.
However, even if PENDLE faces volatility in the market, it cannot stop the further development of decentralized finance (DeFi). On September 19, PENDLE announced a partnership with SolvProtocol and Corn.
The goal of the partnership is to float SolvBTC. BBN. This is a liquid stryubcoin token that will launch next December; SolvProtocol will create a decentralized #bitcoin reserve and Corn will create a tier 2 solution for Ethereum.
The SolvBTC tokens.
Pendle facilitates direct trading of future returns.
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