Arthur Hayes, who proposed Pendle with several coins at the TOKEN2049 conference in Singapore last week, then started to sell the tokens he held. Hayes, who made sales at a loss in Pendle, seems to have chosen Aethir, the DePin coin, in recent weeks.

Hayes’ purchases of Aethir (ATH), especially since August, have reached $6 million in the last 1 month. Despite so many purchases, Hayes is still at a loss of $170 thousand in ATH investment.

He sells Pendles in his hands

Hayes, who stated last week that he had a large investment in Pendle, one of the DeFi projects in which the Binance exchange also invested, decreased the amount in his hands. Hayes, who switched from Pendle to Aethir, has about $1 million of Pendle left.

Again, according to the information provided by Lookonchain, Hayes sold $6.5 million worth of Pendle in just the last 4 days.

Hayes proposed the purchase of Pendle, Ondo, Ethena and Ether at the TOKEN2049 conference in Singapore. In the days after this proposal, it was also noteworthy that he sold millions of dollars of Pendle.