BitMEX Co-Founder Arthur Hayes Increases Holdings in PENDLE and This Meme Coin Amid Crypto Market Slump
Arthur Hayes, the co-founder of the cryptocurrency exchange BitMEX, has expressed his enthusiasm for the current volatile sideways falling shitcoin trend in the crypto market.
In a tweet, Hayes stated that he is “loving this choppy sideways to down shitcoin price action” and is using this opportunity to add to his bags of PENDLE and DOGE.
PENDLE and Dogecoin Emerge as Hayes’s selections
PENDLE, a decentralized finance (DeFi) protocol built on the Ethereum blockchain, has been one of Arthur Hayes’s major altcoin holdings. The protocol focuses on providing users with the ability to tokenize and trade future yield, allowing them to optimize their returns and manage risk in the DeFi space.
In addition to increasing his PENDLE holdings, Hayes is also adding to his DOGE bags. Dogecoin has been a topic of interest for Hayes in the past. Hayes’s decision to accumulate more DOGE during this period suggests that he remains bullish on the cryptocurrency’s long-term prospects and believes it may be undervalued at current levels.
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By increasing his holdings in PENDLE and DOGE during this volatile period, Hayes is demonstrating his conviction in these projects and his willingness to take advantage of potentially undervalued prices.
Additionally, Hayes’s accumulation of DOGE and his previous prediction of a potential Dogecoin ETF launch at the end of the current market cycle suggest that he remains bullish on the meme coin’s future prospects.
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