BitMEX Co-Founder Arthur Hayes Adds $PENDLE and $DOGE to His Portfolio

On 19 June 2024, Arthur Hayes, the co-founder of the local bitcoin trading platform BitMEX, said that the current price action of two cryptocurrencies

BitMEX co-founder Arthur Hayes has shared two cryptocurrencies that were recently added to his portfolio.

On June 19, 2024, BitMex co-founder Arthur Hayes highlighted two cryptocurrencies, $PENDLE and $DOGE, whose price action appeared promising despite being choppy or down.

I'm loving this choppy sideways to down shitcoin price action. I'm adding to my bags of $PENDLE and $DOGE.

Hayes thus expressed his support for the two major cryptocurrencies.

It's important to note that $Pendle Cryptocurrency is not a meme token, whereas Dogecoin is a well-known meme token that is supported by the world's richest person, Elon Musk.

Following Arthur's tweet for $Pendle, the trading price increased by over 10% within 24 hours.

The current trading price of $Pendle coin is $5.639 and this trading price is 7.9% high.

$Pendle coin price pump starts

Pendle is a decentralized finance (DeFi) project that focuses on enabling the trading of tokenized future yield on various assets. It allows users to tokenize their future yield, essentially separating it from the underlying asset, which can then be traded independently. This separation is achieved through Pendle’s unique protocol that issues two types of tokens: one representing the principal and another representing the future yield.

In a recent interview with Coin Bureau, BitMex founder Arthur Hayes suggested that Aptos could overtake Solana ($Sol) to become the second leading Layer 1 blockchain network within the next one to three years. He mentioned that he plans to share more details about this prediction by September 2024.

In the same interview, he also said that there is some possibility for Dogecoin spot ETF.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitmex-founder-arthur-hayes-adds-pendle-doge-portfolio.html

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