Arthur Hayes Unstakes $9.41M In Pendle Tokens, Sparking Market Concerns

Arthur Hayes Unstakes $9.41M In Pendle Tokens, Sparking Market Concerns

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Source: TheMerkle.com

Pendle (PENDLE) has seen a brief decline in value following a notable surge in recent weeks.

According to on-chain reports from Lookonchain, Arthur Hayes, co-founder of BitMEX and a prominent figure in the cryptocurrency world, unstaked 1.55 million PENDLE tokens worth $9.41 million.

Hayes’s decision to unstake such a substantial amount of PENDLE has raised concerns within the community about a potential price dump.

Currently holding 1.69 million PENDLE

Read More https://themerkle.com/arthur-hayes-unstakes-9-41m-in-pendle-tokens-sparking-market-concerns/

The post "Arthur Hayes Unstakes $9.41M In Pendle Tokens, Sparking Market Concerns" appeared first here TheMerkle.com.

Source: TheMerkle.com

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