Arthur Hayes Buys $500K in PENDLE: Should You Use His “Buy in May” Strategy?

Former Bitmex CEO Arthur Hayes is back in the spotlight, this time for his significant investments in Pendle, reported just an hour ago. Following the recent buzz around his “Buy in May and Go Away” strategy, Hayes seems to be walking the talk, diving into a hefty Pendle bet.

Let’s dive into his insights and maybe we can replicate his success. What say?

Hayes’s Pendle Power Move

Recent data from Etherscan shows that Hayes recently snagged 500,000 USDC worth of PENDLE tokens through Wintermute. This move has pushed his Pendle holdings to an impressive 1.555 million tokens, valued at $8.08 million. With an average cost of around $2.02 per token, Hayes is currently looking at a paper gain of $4.89 million.

This latest Pendle investment follows Hayes’s earlier venture into the token three months ago. Back in February 2024, he acquired 500,000 PENDLE tokens at $2.57 each, showing his commitment to the protocol. This initial bet earned him an unrealized profit of $1.45 million.

Understanding the Strategy at Play

In his latest blog post, “Mayday,” Hayes discussed his investment strategy for May, which is now going viral under the name of the “Buy in May and Go Away” approach. This strategy focuses on gaining potential profits in the crypto market during the summer months. 

Hayes’s blog underscores his belief in Bitcoin and Ether as long-term assets, along with high-beta altcoins like Solana (SOL), Dog Wifhat (WIF), and Dogecoin (DOGE). He advises investors to accumulate these assets during market corrections, hold off, and then capitalize on significant gains when the market rebounds.

Why Pendle?

Pendle’s unique approach to tokenizing and trading future yields has caught Hayes’s eye. The platform’s Automated Market Maker (AMM) system fits seamlessly with Hayes’s strategic investment approach, allowing him to leverage market corrections effectively.

While Hayes plans to use Dogecoin and Solana for “momentum trading positions,” his dedication to Pendle suggests a more laid-back approach once his positions are established. This indicates a long-term perspective on Pendle’s potential.

Will Hayes’ “Buy in May and Go Away” strategy pay off again? Only time will tell, but one thing’s for sure: his million-dollar bet on Pendle (PENDLE) has the crypto world watching closely.