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.
Arthur Hayes, the co-founder of BitMEX and a crypto community figure, unstaked 1.55 million PENDLE tokens (worth $9.41 million).
The unstaking of his PENDLE tokens has sparked community concerns about a price dump, as Hayes currently holds 1.69 million tokens.
With an average buying price of $2.24 per token, Hayes’ holdings currently have an unrealized profit of around $6.46 million.