PENDLE Price: BitMEX’s Arthur Hayes Sacks 100K Coins From Binance, Rally Ahead?

BitMEX Co-Founder Accumulates PENDLE, Igniting Market Frenzy

In a noteworthy development within the cryptocurrency space, BitMEX co-founder Arthur Hayes has once again attracted attention with his substantial accumulation of PENDLE coins. Despite the token's recent price volatility, Hayes has acquired 100,000 coins from Binance, the world's leading cryptocurrency exchange.

This move has sparked discussions regarding a potential price surge for PENDLE, considering Hayes' past significant accumulations. Let's examine these statistics more closely.

Hayes' Accumulation Triggers Market Excitement

According to data from on-chain tracker 'The Data Nerd,' Hayes added 100,000 coins, valued at $615,000, to his holdings on June 1st from Binance. His current portfolio includes 1.656 million PENDLE tokens, worth approximately $10.2 million, with a significant portion of these coins staked.

Hayes has consistently accumulated large amounts of PENDLE over time. A recent report by CoinGape Media highlighted his purchase of 500,000 USDC worth of PENDLE tokens, further solidifying his investment strategy.

The BitMEX co-founder is renowned for his astute investment decisions. As such, his accumulation of PENDLE has instilled optimism in the market, fueling expectations for the token's future price performance.