English
Arabic
Chinese (Simplified)
Indonesian
Russian
- Arthur Hayes information a $4 million revenue from his Pendle funding.
- Hayes’ Pendle holdings are actually valued at $8 million, doubling his preliminary outlay.
- Hayes plans to purchase Solana and meme cash whereas rising Pendle stakes.
Arthur Hayes, the founding father of the BitMEX change, has recorded over $4 million in revenue from his continued funding in Pendle (PENDLE), a undertaking on the forefront of tokenization and buying and selling of future yield.
Nicely-known Chinese language reporter Colin Wu known as consideration to this improvement in a latest publish on X. Information from Etherscan confirmed {that a} pockets related to Hayes exchanged $510,545 USDC stablecoins for 98,560 PENDLE tokens simply eight hours in the past. Hayes orchestrated this commerce by way of distinguished market maker Wintermute.
In the meantime, Hayes’ accumulation of PENDLE tokens dates again to June 2023, when he first purchased 100,000 models from an nameless supply. Between September 2023 and March 2024, he procured 1.2 million tokens by way of Binance.
Earlier than his newest transaction, Hayes purchased over 57K PENDLE tokens from Wintermute two days in the past. Because of this final accumulation, the BitMEX founder now holds 1,555,697 PENDLE cash, valued at $8,058,514 at press time.
Colin Wu estimated that Arthur Hayes acquired his PENDLE property at a median price of $2.02 per token. At press time, PENDLE holds a market worth of $5.12. Basically, the BitMEX change founder expended $3,142,507 to construct his PENDLE token portfolio. Now, he instructions greater than double his preliminary funding in return, together with his revenue at $4,916,006.
In his newest weblog publish, Arthur Hayes revealed his intention to buy Solana and varied meme cash for “momentum buying and selling positions.” He additionally talked about that he’s boosting his stakes in Pendle for extra enduring speculative investments and can scout for added tokens on sale. He intends to make use of the rest of Could to broaden his funding portfolio.
In the meantime, Hayes disclosed his function as an advisor and investor within the Pendle undertaking, noting that he has been compensated with Pendle tokens for his advisory work.
Disclaimer: The knowledge introduced on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any sort. Coin Version isn’t accountable for any losses incurred because of the utilization of content material, merchandise, or providers talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.