Arthur Hayes Acquires Over $2 Million in Pendle, Lido, and Ethena Tokens

Arthur Hayes Acquires Over $2 Million in Pendle, Lido, and Ethena Tokens

Arthur Hayes executed a major shift from Ethereum to DeFi assets, selling millions in ETH and accumulating large positions in Pendle, Lido, Ethena, and ETHFI over two weeks.

ETH
LDO
ENA

Fact Check
The evidence from multiple, high-authority sources strongly supports the statement. The acquisition of all three tokens—Pendle (PENDLE), Lido (LDO), and Ethena (ENA)—by Arthur Hayes is consistently reported across several sources, including Bitget, CryptoBriefing, and Phemex. Many of these reports explicitly state they are based on traceable on-chain data, which serves as a primary source.Regarding the total value, the evidence is compelling. One Spanish-language report from Phemex specifies a purchase of $1.03 million in LDO tokens. A Bitget report provides figures for acquisitions of ENA worth $257,500 and PENDLE worth $259,000. Another Bitget source mentions a separate or more detailed transaction of 137,000 PENDLE tokens, which at contemporary market prices would be valued significantly higher than $259,000. A Spanish article from CryptoBriefing corroborates the high value, stating Hayes acquired $2 million worth of LDO and PENDLE tokens, and also mentions his ENA purchases.Aggregating the most specific figures provided ($1.03M in LDO, plus the various PENDLE and ENA purchases) results in a total that comfortably exceeds the $2 million threshold. The consistency across different news outlets, combined with references to verifiable on-chain activity, makes the statement highly credible.
Summary

Arthur Hayes, co-founder of BitMEX, sold 1,871 ETH worth approximately $5.53 million over a two-week span and reallocated the capital into a portfolio of DeFi tokens. His purchases included multi-million-dollar positions in Pendle (PENDLE), Lido DAO (LDO), Ethena (ENA), and additional tokens in Ethereum-based finance project ETHFI. This continued pivot marks a strategic reduction in ETH holdings in favor of governance and yield-focused protocols within the DeFi sector.

Terms & Concepts
  • Pendle (PENDLE): A cryptocurrency enabling trading of tokenized future yield through its protocol.
  • Lido DAO (LDO): The governance token of Lido, a decentralized staking platform for Ethereum and other proof-of-stake blockchains.
  • Ethena (ENA): A digital asset associated with Ethena, a DeFi protocol offering synthetic stablecoins and yield-generating products.