BitMEX founder dumps $9.41 million of PENDLE tokens in one transaction
CryptoNewsTerminal Staff06 Jun, 2024
BitMEX founder dumps $9.41 million of PENDLE tokens in one transaction
BitMEX founder Arthur Hayes' estimated address has unstaked 1.55 million PENDLE tokens ($9.41 million) from a Pendle Voting Proxy address, according to on-chain data analytics provider Lookonchain. The transaction occurred 40 minutes ago, and the address now holds 1.69 million PENDLE ($10.26 million). PENDLE is a decentralized finance (DeFi) protocol that allows users to create and trade options on Ethereum. The token is used for governance and staking on the Pendle platform. The price of PENDLE has fallen by more than 5% in the past 24 hours, and it is currently trading at $5.77.
