CandleFocus Arthur Hayes Speaks Out, Defends Himself About The Altcoin He First Advertised And Then Dumped
2024-09-21
Author: Content Editor
Arthur Hayes, co-founder of BitMEX and leader in the cryptocurrency industry, has announced that his family office fund, Maelstrom Fund, has reduced its position in PENDLE, a token focused on crypto interest rate derivatives. Despite selling 350,000 PENDLE tokens at a loss, Hayes maintains that PENDLE remains one of the largest holdings in the Maelstrom Fund's portfolio. He believes in the token's long-term potential and plans to profit from its success. The reason for the sale was undisclosed but said to be for a "special occasion."
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