Arthur Hayes, known for his role in BitMEX and active presence in the crypto community, recently unstaked 1.55 million Pendle (PENDLE) tokens, amounting to $9.41 million.
This move has raised questions within the community about the potential impact on the token’s price, considering Hayes still retains 1.69 million PENDLE tokens.
Hayes initially acquired these tokens at an average price of $2.24 per token, indicating an unrealized profit of approximately $6.46 million at current market rates.
Summary Review: Arthur Hayes’ unstaking of nearly $10 million worth of Pendle tokens has prompted speculation within the community regarding a potential price impact. With Hayes retaining a significant amount of tokens, valued at approximately $6.46 million in unrealized profit, the market will closely monitor any potential selling activity and its effects on Pendle’s price dynamics.
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