-Arthur Hayes Sells Binance-Backed Altcoin at a Loss After Months -

Famous investor Arthur Hayes began selling the cryptocurrency he had been investing in for months at a loss and lost hundreds of thousands of dollars.

Arthur Hayes, former CEO of cryptocurrency exchange BitMEX, sold 350,000 PENDLE tokens ($1.26 million) at a loss this morning.

According to data shared by on-chain analysis platform Lookonchain, Hayes purchased a total of 392,911 PENDLE tokens for approximately $5.6 between May 20 and June 21. The total value of these purchases at that time was $2.2 million.

Lost Hundreds of Thousands of Dollars

However, the PENDLE token lost more than 40 percent in three months, forcing Hayes to sell at a loss of $790,000. This sale shows that the investment resulted in a 36 percent loss.

Arthur Hayes may be selling these tokens because he expects a bigger drop in the market. Speaking at the event in Singapore, Hayes said that the Fed's decision to cut interest rates was not right and that the markets could fall in the short term. Hayes thinks that a bull market could be seen in Ethereum in the long term.

The Pendle Finance protocol, which allows the tokenization and trading of yield opportunities in the crypto sector, came to the fore in August 2023 with an investment from Binance Labs, the investment arm of Binance.

#Binance #Bitcoin #btc #ETH #PENDLE

Ouch! 🐼 Looks like Arthur Hayes just took a major L on his $PENDLE investment. 📉 He sold off 350,000 tokens for a loss of nearly $800K. 🫠

That's a bitter pill to swallow, especially considering he bought them at a much higher price a few months ago. 😬 #WhaleAlert #PENDLE

🚨 $PENDLE /USDT Trading Alert 🚨
$PENDLE Current Price: $3.32 (-4.70%)
$PENDLE We saw a strong rejection from $3.517, leading to a bearish move down to $3.242. The price has shown a small bounce, but the downtrend remains strong, signaling potential further decline.

Key Levels:

Resistance: $3.517

Support: $3.242

📉 If the price breaks below $3.242, expect further downside momentum. Keep a close eye on these levels to plan your trades effectively!

#PENDLE #CryptoTrading #Binance #DeFi #GrayscaleXRPTrust

#PENDLE UPDATE ...
exhibiting indications of a possible trend reversal after a strong +30% advance! Bulls are focusing on the next resistance level at $4.00 as a result of the weekly spike from $2.7. Assistance: $3.00 $4.00 & $6.9 (ATH) as resistance We might witness a powerful breakthrough that aims for earlier highs if the momentum continues! It's getting heated out here on this chart.
#CryptoMarketmove🔥 #write2earnonbinancesquare
#BTCBlockchain

DAILY GAINERS

$UXLINK +28.7%
$ELA +22.9%
$POLS +19.7%
#TET +18.3%
$LOKA +18.0%
$SUI +15.2%
#ARPA +12.4%
$COTI +12.3%
#PENDLE +12.1%
#ATH +11.0%

#dailygainers

#PENDLEUSDT (Update)

Descending Channle Successfull Breakout Done in 1D time frame.

Expecting Massive Bullish wave 📈🚀

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🚀 **Top 5 Crypto Gainers Today** 🚀
Here are the top 5 coins showing impressive growth today and a little about each project:

1. LOKA – $0.253 (+20.08%)
$LOKA powers the League of Kingdoms, a play-to-earn MMO game where players can own, build, and trade digital assets. 🎮
2. TKO – $0.3795 (+16.99%)
$TKO is the native token of Tokocrypto, one of Indonesia's leading cryptocurrency exchanges offering a range of DeFi services.
3. SUI – $0.9982 (+12.37%)
$SUI is a high-performance Layer-1 blockchain focused on providing low-latency transactions and scalability for dApps. 🌐
4. COTI – $0.10001 (+11.52%)
COTI is a decentralized payment network aiming to bring scalable, fast, and cost-effective payments to businesses and consumers.
5. PENDLE – $3.41 (+8.08%)
PENDLE is a decentralized finance protocol enabling the trading of tokenized future yield, allowing users to maximize their returns.

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TOP 10 #TVL ON #ARBITRUM

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