According to TechFlow, according to Lookonchain monitoring, Arthur Hayes sold 350,000 PENDLE tokens (worth about 1.26 million US dollars) in the past hour, which caused him to lose about 790,000 US dollars (-36%).

He bought 392,911 PENDLE (worth about $2.2 million at the time) through Wintermute between May 20 and June 21, when the price was about $5.6. Three months later, the price of PENDLE fell by more than 40%.