Arthur Hayes made a $500,000 purchase of the cryptocurrency he has been praising for months.
Arthur Hayes, one of the founders of the BitMEX exchange, made a purchase of Pendle, one of the projects he has been praising for a long time. Hayes acquired $500,000 worth of Pendle, with the transactions facilitated through the Wintermute company.
Arthur Hayes, a well-known figure whose blog posts are respected in the crypto world, has made a new purchase from Pendle, a project he has long praised and occasionally engaged in “buy-sell” actions. Hayes acquired $500,000 worth of tokens, with the investment executed through the Wintermute platform.
He has been trading and praising for months.
As is known, Hayes generally emphasizes the need to hold Bitcoin and Ether for the long term and does not hesitate to trade many other coins. Having praised the Pendle project for a long time and most recently stating at the Token2049 conference in Dubai that “Pendle will be the most important decentralized derivatives exchange,” Hayes has been the subject of much discussion for some time due to his trading of this token.
Hayes, the founder and former CEO of BitMEX, recently made a $500,000 purchase of this token. It is not known whether Hayes makes these purchases for the long or short term, especially considering his constant love for trading.
The cost is $2...
With this purchase, the famous trader’s total number of Pendle tokens reached 1.5 million. With an average cost of $2 per token, Hayes’ total profit is approximately $4.89 million. The total value of Pendle tokens in Hayes’ possession is around $8 million.
His recent predictions were accurate.
In his recent blog posts, Hayes expressed his anticipation of declines before and after the halving, but believed that there would be an upward trend as of May due to the Fed tightening its monetary policy. So far, price movements are going as Hayes anticipated. In fact, Fed Chairman Powell mentioned in his recent speech that monetary tightening would come to an end, confirming Hayes’ predictions.
There were also artificial intelligence and data-focused individuals.
Hayes also mentioned his high expectations for artificial intelligence and data storage-focused coins, aside from Pendle. He stated, “I believe artificial intelligence coins will also rise. As I said, we are just getting started. Artificial intelligence coins are generally data-focused. That’s why I have high expectations for Filecoin… I’m already involved in mining on Filecoin. Pendle is also one of the coins that I believe will rise with the return system in this environment.”
