According to LookonChain, Arthur Hayes sold 350,000 PENDLEs (worth $1.26 million) at a loss in the past hour. It is understood that he bought 392,911 PENDLEs (worth $2.20 million) from Wintermute for $5.60 between May 20 and June 21. Today, three months later, the price of PENDLEs has fallen by more than 40%, prompting him to sell at a total loss of $790,000 (loss of 36%).