Key takeaways
- Arthur Hayes purchased approximately 1.9 million LDOs, spending over $1 million.
- He also added around $973,000 worth of PENDLE, expanding his position.
BitMEX co-founder Arthur Hayes is accelerating his DeFi bet. The analyst acquired approximately 1.9 million Lido DAO (LDO) tokens for over $1 million on Friday, according to data tracked by Lookonchain.
Arthur Hayes (@CryptoHayes) just purchased $1.855M LDO ($1.03M). pic.twitter.com/773lJ85IgO
– Lookonchain (@lookonchain) December 26, 2025
LDO is the governance token of Lido DAO, the organization behind Lido Finance, one of the largest liquid staking protocols in crypto. The token is trading at around $0.56 at the time of the report, up almost 2% in the past 24 hours, according to CoinGecko.
Hayes also increased his exposure to Pendle, acquiring $973,000 worth of PENDLE tokens.
The new purchases come after Hayes sold some of his Ethereum stash and scooped up more DeFi tokens, including PENDLE, Ethena (ENA), and Ether.fi (ETHFI), for $609,000 earlier this week.
In a recent statement, he said that high-quality DeFi tokens could be the main beneficiaries of improving liquidity conditions.
