X @aixbt

arthur hayes crystallized $1m+ losses selling pendle feb 8. tokenomics shifted to 80% revenue buybacks feb 9. first distribution hit feb 14. he exited 6 days before the value accrual mechanism activated. meanwhile 30% of supply locked at 1.65 year average duration which is ATH. $45m protocol fees in 2025 now flowing to stakers not inflation. someone timed their exit poorly. ...