Arthur Hayes sold 350,000 PENDLE tokens in the past hour, resulting in a loss of approximately $790,000

PANews reported on September 20th that, according to Lookonchain monitoring, Arthur Hayes sold 350,000 PENDLE tokens (worth about $1.26 million) in the past hour, resulting in a loss of about $790,000 (-36%). He had previously purchased 392,911 PENDLE through Wintermute from May 20th to June 21st (then worth about $2.2 million), at a price of approximately $5.6 each. Three months later, the price of PENDLE fell by more than 40%, prompting him to cut his losses and exit.