Former BitMEX CEO Arthur Hayes Purchased a New Altcoin, Price Reacted! What Other Altcoins Are In Your Portfolio?

A new move has come from BitMEX former CEO Arthur Hayes, who is frequently mentioned with his statements and predictions about Bitcoin (BTC) and altcoins.

Hayes, who explains which altcoin he invested in or sold with his occasional posts, traded in a new altcoin.

At this point, on-chain data analysis platform Spot on Chain said in its post that Arthur Hayes bought 500,000 $PENDLE (worth $1.28 million) from Binance.

While Hayes purchased Pendle at an average price of $2.57, he currently has 1.34 million $PENDLE (worth $3.54 million).

It was stated that the estimated unrealized profit of the famous name was 1.45 million dollars.

“Arthur Hayes withdrew 500 thousand $PENDLE (worth $1.28 million) from Binance during the day at $2.57.

It currently has 1.34 million $PENDLE on hand (worth $3.54 million) and an estimated unrealized profit of $1.45 million.

$PENDLE appears to be rebounding after the Hayes acquisition.”

Arthur Hayes (@CryptoHayes, #BitMEX founder) withdrew 500K $PENDLE ($1.28M) from #Binance at $2.57 ~35 minutes ago.

Currently, he holds 1.34M $PENDLE ($3.54M) with an estimated profit of $1.45M (+70.4%) (all unrealized).$PENDLE seems to be bouncing back after his withdrawal.… pic.twitter.com/gAqengrTkV

— Spot On Chain (@spotonchain) February 1, 2024

After Hayes' purchase of $PENDLE, the price started to rise and reached up to $2.68. At the time of writing, $PENDLE price continues to trade at $2.54.

When we look at the famous name's portfolio, we see that there are altcoins such as Erhereum (ETH), WILD, MEOW, USDT, WETH, WBTC, SUSHI and ACH, apart from $PENDLE.

As you may remember, in August 2023, Binance's investment arm, Binance Labs, announced that it had invested in Pendle Finance.

*This is not investment advice.