Over the past few days, BitMEX ex-CEO Arthur Hayes has been in the spotlight, following his significant selloff of Pendle (PENDLE) tokens.
PENDLE’s future open has increased by 4.5% over the past 24 hours, and 7.8% over the past four hours.
On the 24th of September, Hayes once again dumped a massive 240,000 PENDLE tokens, worth $957,600, according to on-chain analytics firmLookchain noted that Arthur Hayes dumped over 1.83 million PENDLE tokens, worth $6.58 million at an average price of $3.58, in the last four days. Based on historical price momentum and current market sentiment, there is a strong possibility that the PENDLE price could soar by 20% to the $5 level and even higher in the coming days.Additionally, it is trading above the 200 Exponential Moving Average on a daily time frame.
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