According to EmberCN monitoring reported by BlockBeats on September 24, Arthur Hayes, co-founder of BitMEX, has transferred 240,000 PENDLE (approximately $950,000) to Binance just two hours ago. This move comes as Hayes approaches a significant liquidation of his PENDLE holdings, having sold 1.835 million PENDLE (about $6.55 million) in the past four days. He now retains only 253,000 PENDLE.

Hayes’ comprehensive cost for PENDLE is around $2.89, while the recent average transfer price stands at $3.57, resulting in a profit of approximately $1.24 million. As the market watches closely, Hayes’ actions could influence PENDLE’s price dynamics in the coming days.

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