According to on chain data, after selling 350000 PENDLEs yesterday, BitMEX founder Arthur Hayes' wallet address withdrew 1.65 million pledged PENDLE tokens today and transferred 1.2 million of them to the exchange. Currently, Arthur Hayes' PENDLE position has 493463 remaining.

According to information shared by on chain analyst Yu Jin, Arthur Hayes' PENDLE has a comprehensive cost of approximately $2.89. In the past two days, 1.595 million PENDLEs were sold at an average price of $3.52, earning a profit of $1 million.

Arthur Hayes recently publicly expressed his optimism for Pendle's future development on social media platforms and offline events, but now there are rumors of a sell-off, which has been strongly ridiculed and criticized by the community. Arthur Hayes himself explained this in an article on X:

As you can see, Maelstrom Fund (its family office) is reducing its holdings in PENDLE. Even after reducing our position, it remains one of our largest holdings. We still fully believe that PENDLE will become the leader in cryptocurrency interest rate derivatives. We plan to profit from their success. We reduced our holdings to fund a special situation. Those who pay attention to our wallets will soon catch a glimpse of what is happening