Arthur Hayes Sells Pendle Tokens at Significant Loss

According to Foresight News, Arthur Hayes has sold 350,000 PENDLE tokens, valued at approximately $1.26 million, within the past hour. This transaction resulted in a loss of around $790,000 for Hayes. From May 20 to June 21, Hayes had purchased 392,911 PENDLE tokens through Wintermute at an average price of about $5.60 per token, totaling approximately $2.2 million.