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Arthur Hayes sold 1.59 million PENDLE in the past 2 days, after which the token price rose 24%

According to Lookonchain, Arthur Hayes (@CryptoHayes) has sold 1.59 million PENDLEs in the past 2 days for a total price of $5.62 million, with an average price of $3.52. After Arthur Hayes sold, the price of PENDLEs rose by 24%, which means 1.59 million PENDLEs are now worth $6.91 million, and his sell-off resulted in a loss of about $1.29 million.