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 tokens, Hayes’s move has led to fears that he may be preparing to sell off his assets, which could exert downward pressure on the token’s price. Arthur Hayes(@CryptoHayes) unstaked 1.55M $PENDLE($9.41M)
The post Arthur Hayes Unstakes $9.41M In Pendle Tokens, Sparking Market Concerns appeared first on The Merkle News.
