The cryptocurrency market has been growing rapidly in recent years, and new investors are showing interest in this field every day. Among these investors is Arthur Hayes, founder of Bitcoin and altcoin exchange BitMEX. Hayes has recently attracted attention with his investment in the PENDLE token. This investment demonstrates Hayes’ active role in the cryptocurrency market and his continued search for new investments. Here are the details…
The altcoin that Arthur Hayes focuses on has been revealed
Arthur Hayes, the founder of the cryptocurrency exchange BitMEX, has recently attracted attention with his investment in the PENDLE token. It was reported that Hayes purchased 100,000 PENDLE from Binance for $ 3.14, and this investment was equivalent to $ 314 thousand. This move becomes even more important considering the fact that Hayes has been steadily accumulating PENDLE since April 29, 2021. Since this date, Hayes has purchased a total of 1.44 million PENDLE at an average price of $1.67 and spent $2.41 million on these investments.
It is noteworthy that Hayes currently continues to hold all 1.44 million PENDLE. The value of these tokens currently stands at $4.55 million. This means that Hayes made an 88.4% profit on his investment. It is stated that the unrealized profit was 2.14 million dollars. Hayes’ interest in PENDLE can also be attributed to the recent price increase of this token. PENDLE has gained approximately 300% in value in the last year. This increase is attributed to the token’s increasing popularity and usage areas.
What does PENDLE investment mean?
Hayes’ PENDLE investment shows that he is very active in the cryptocurrency market and continues to seek new investments. PENDLE is a decentralized finance (DeFi) protocol. This protocol offers users the opportunity to exchange their assets at a fixed price. PENDLE uses fixed-rate lending and borrowing pools to provide this service. Hayes’ other crypto assets include 135.75 ETH, 39,946 PENDLE and 10 thousand BOND. The total value of these assets is calculated as $675,223.23.
However, Hayes’ assets are estimated to be much more than this. Hayes, who was found guilty in 2022 of failing to establish and maintain an anti-money laundering program at BitMEX, was sentenced to two years of supervised release without any prison time. Hayes’ PENDLE investment is a closely followed development in the cryptocurrency market. It is a matter of curiosity what impact this investment will have on the market and which investments Hayes will focus on in the coming period.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.