Arthur Hayes, BitMEX co-founder, unstaked 1.55 million PENDLE tokens worth $9.41 million, sparking concerns about a potential price dump. Learn more about the community’s reaction.
Arthur Hayes unstakes $9.41 million worth of PENDLE tokens, raising community concerns about a potential price dump. Here’s what you need to know.
The unstaking of his PENDLE tokens has sparked community concerns about a price dump, as Hayes currently holds 1.69 million tokens. The unstaking transaction sparked discussion and concern within the crypto community, with many responding to the shift in fund location with bearish sentiment.expressed a contrasting perspective, explaining that Hayes had purchased more PENDLE tokens just five days prior at an average price of $6.15.
PENDLE is a decentralized finance token associated with Pendle Finance , a protocol that allows users to tokenize and trade future yields.
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