Arthur Hayes Redirects Attention from PENDLE to ATH Following Significant Deals

Arthur Hayes, co-founder of BitMEX, is shifting his portfolio from
$PENDLE
to $ATH. In the last three days, Hayes has withdrawn 16.478 million ATH tokens, worth $1.02 million, from top exchanges like
OKX
, Bybit, and KuCoin. These transactions highlight a notable shift in his trading strategy. Spotonchain, an on-chain analytical firm shared the details of recent activities through its social media platform, X.
Arthur Hayes (
@CryptoHayes
) is shifting from
$PENDLE
to
$ATH
after all.
In the last 3 days, he deposited 1.595M
$PENDLE
($5.61M) to Binance and Bybit, then withdrew 16.478M
$ATH
($1.02M) from OKX, Bybit, and KuCoin via wallet 0x75b.
Arthur Hayes now holds:
• 62.257M
$ATH
…
https://t.co/RsrkCV2mxd
pic.twitter.com/vbwKu4VKvj
— Spot On Chain (@spotonchain)
September 23, 2024
Significant Crypto Movements Made By Arthur Hayes
In addition to accumulating ATH, Hayes deposited 1.595 million $PENDLE tokens, worth approximately $5.61 million, into Binance and
Bybit
. These deposits significantly reduced his $PENDLE holdings. As a result, he now holds 493,463 PENDLE tokens, valued at $1.98 million, making them his third-largest holding.
Moreover, Arthur Hayes is currently marked as the second-largest $ATH holder with a staggering 62.257 million tokens worth around $4.1 million. His total profit from $PENDLE has reached $1.15 million, reflecting a 19% increase in value.
Strategic Portfolio Adjustments Amid Market Movements
Hayes’ transactions are also reflected in his profit and loss (PnL) chart, where his average purchase price for PENDLE stands at $1.26 million. The PnL overview shows unrealized gains of $888,188, a remarkable profit of 18.06%.
Notably, Hayes still retains 1.66 million PENDLE tokens in his
Pendle Finance
account, which has passed the locking period. This indicates the potential for further market actions, as these tokens can now be liquidated anytime.
Hayes’ trading decisions could signal a broader trend, particularly as he pivots towards ATH in what seems like a strategic investment decision. His trading activity in both PENDLE and ATH suggests he is carefully navigating the volatility of the crypto market.