Arthur Hayes Transfers Millions in PENDLE, ENA, LDO to FalconX, What It Means for Altcoins

BitMEX co-founder Arthur Hayes is transferring his crypto holdings to a brokerage platform, despite short-term gains in the broader market. On-chain data shows that all of these transfers involve assets acquired at higher price levels and now moved at lower market prices. Hayes recently transferred 327,869 PENDLE tokens, worth around $502,000, to crypto prime broker FalconX at an average price of $1.53. Interestingly, Hayes previously acquired around 1.4 million PENDLE at a higher price of $2.06. The ...