{"id":461179,"date":"2024-09-21T08:00:03","date_gmt":"2024-09-21T08:00:03","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=855009"},"modified":"2024-09-21T08:00:03","modified_gmt":"2024-09-21T08:00:03","slug":"arthur-hayes-makes-big-move-350010-pendle-tokens-transferred-to-binance-and-bybit","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2024\/09\/21\/arthur-hayes-makes-big-move-350010-pendle-tokens-transferred-to-binance-and-bybit\/","title":{"rendered":"Arthur Hayes Makes Big Move: 350,010 PENDLE Tokens Transferred to Binance and Bybit"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/07\/Arthur-Hayes.webp\" class=\"ff-og-image-inserted\"><\/div>\n<ul>\n<li><strong>Arthur Hayes, founder of BitMEX, reenters the market, transferring 350,010 PENDLE tokens to Binance and Bybit.<\/strong><\/li>\n<li><strong>Hayes\u2019s recent PENDLE token move marks his first activity after a three-month break.<\/strong><\/li>\n<\/ul>\n<hr>\n<p>Arthur Hayes, the founder of BitMEX, has made big moves in the crypto market, indicating increased involvement after a long hiatus. According to <a href=\"https:\/\/x.com\/spotonchain\/status\/1837021582197411956\">SpotOnChain<\/a>, Hayes transferred 350,010 PENDLE tokens, worth about $1.26 million, to Binance and Bybit.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Arthur Hayes (<a href=\"https:\/\/twitter.com\/CryptoHayes?ref_src=twsrc%5Etfw\">@CryptoHayes<\/a>) deposited the first 350,010 <a href=\"https:\/\/twitter.com\/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PENDLE<\/a> ($1.26M) to <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\">#Binance<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/Bybit?src=hash&amp;ref_src=twsrc%5Etfw\">#Bybit<\/a> in the past hour.<\/p>\n<p>Currently, Arthur Hayes still holds 1.66M <a href=\"https:\/\/twitter.com\/search?q=%24PENDLE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PENDLE<\/a> ($5.93M) in <a href=\"https:\/\/twitter.com\/pendle_fi?ref_src=twsrc%5Etfw\">@pendle_fi<\/a>, which has passed the locking period and can be sold at any time.<\/p>\n<p>His estimated total\u2026 <a href=\"https:\/\/t.co\/uaOPIxV6z0\">https:\/\/t.co\/uaOPIxV6z0<\/a> <a href=\"https:\/\/t.co\/c4wl7RDj5S\">pic.twitter.com\/c4wl7RDj5S<\/a><\/p>\n<p>\u2014 Spot On Chain (@spotonchain) <a href=\"https:\/\/twitter.com\/spotonchain\/status\/1837021582197411956?ref_src=twsrc%5Etfw\">September 20, 2024<\/a><\/p>\n<\/blockquote>\n<h2><strong>Arthur Hayes Ends Hiatus with Substantial PENDLE Holdings&nbsp;<\/strong><\/h2>\n<p>This transaction is his first since June 21, 2024, effectively putting an end to a three-month inactivity. Despite this big transfer, <span><a href=\"https:\/\/www.crypto-news-flash.com\/the-story-of-arthur-hayes-from-legal-troubles-to-crypto-visionary\/\" target=\"_blank\" rel=\"noopener\">Hayes<\/a> <\/span>still has a sizable ownership of 1.66 million PENDLE tokens, which are currently valued at approximately $5.93 million.<\/p>\n<p>These tokens, having passed the locking period, can now be freely traded or exchanged. Notably, Hayes\u2019 anticipated profit from his entire <span><a href=\"https:\/\/www.crypto-news-flash.com\/upbits-pendle-market-support-sparks-investor-interest\/\" target=\"_blank\" rel=\"noopener\">PENDLE<\/a> <\/span>assets is $1.09 million, representing an 18.2% return on his investment.<\/p>\n<p>This latest move comes after a difficult period for Hayes, during which he liquidated a portion of his PENDLE assets at a loss amid a larger market drop.<\/p>\n<p>As of writing, PENDLE is trading about <strong>$3.48<\/strong>, down <strong><span>2.47%<\/span><\/strong> over the last 24 hours, with a trading volume of $102.53 million. These numbers show that, despite recent market volatility, Hayes remains strategically involved in the cryptocurrency industry, potentially looking for future chances.<\/p>\n<p>However, Hayes\u2019 actions are not limited to PENDLE. His larger market views, particularly about the global financial landscape, point to a potential upheaval in the crypto market.<\/p>\n<p>CNF previously <span><a href=\"https:\/\/www.crypto-news-flash.com\/arthur-hayes-predicts-bitcoin-boost-amid-looming-japan-banking-crisis\/\">reported<\/a><\/span> on Hayes\u2019 perspective on Japan\u2019s imminent banking disaster. The former BitMEX CEO stated that Japanese banks may be on the edge of a major crisis, forcing them to liquidate over $1 trillion in US Treasury bonds. According to Hayes, such a step might spark Bitcoin\u2019s resurgence.<\/p>\n<p>Hayes\u2019 opinion includes the possibility of the US Federal Reserve intervening in this scenario. He expects that the Federal Reserve would intervene to prevent a catastrophic open market sell-off, promising to print dollars for the Bank of Japan.<\/p>\n<p>Hayes believes that this influx of cash will most certainly flow into Bitcoin, increasing its value and confirming its reputation as a safe haven asset during times of financial upheaval.<\/p>\n<div class=\"tve-leads-shortcode tve-leads-triggered tve-tl-anim tl-anim-instant tve-leads-track-shortcode_228374\">\n<div class=\"tl-style\" id=\"tve_tcb2_set-001\" data-state=\"50\" data-form-state>\n<div class=\"tve-leads-conversion-object\" data-tl-type=\"shortcode_228374\">\n<div class=\"tve_flt\">\n<div id=\"tve_editor\" class=\"tve_shortcode_editor\">\n<div class=\"thrv-leads-form-box tve_no_drag tve_no_icons thrv_wrapper tve_editor_main_content thrv-leads-in-content tve_empty_dropzone\" data-css=\"tve-u-185a09262cb\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<p data-css=\"tve-u-185a09262d4\"><span data-css=\"tve-u-185a09262d5\">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; No spam, no lies, only insights. You can unsubscribe at any time.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arthur Hayes, founder of BitMEX, reenters the market, transferring 350,010 PENDLE tokens to Binance and Bybit. Hayes\u2019s recent PENDLE token move marks his first activity after a three-month break. Arthur Hayes, the founder of BitMEX, has made big moves in the crypto market, indicating increased involvement after a long hiatus. According to SpotOnChain, Hayes transferred [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":461180,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[1510,25,12221],"class_list":{"0":"post-461179","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"tag-arthur-hayes","9":"tag-news","10":"tag-pendle"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/461179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=461179"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/461179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/461180"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=461179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=461179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=461179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}