Pro rebalancing signal: Shifting from ETH to high-quality DeFi tokens, acquiring 137,000 PENDLE.

【Block Rhythm】has spotted an interesting large transaction again. Arthur Hayes recently received approximately 137,000 PENDLE in a single transaction from Flowdesk, which amounts to about 260,000 dollars at the time of the price.

To explain why this transaction is worth paying attention to, we need to look at a viewpoint he expressed some time ago. Hayes candidly stated that the team is making asset adjustments—gradually switching from top positions in Ethereum to fundamentally solid DeFi tokens. His logic is clear: with the gradual improvement of the fiat liquidity environment, these high-quality DeFi projects are expected to outperform the market.

PENDLE, as a leading protocol for yield derivatives, has good liquidity and trading depth, which aligns well with the positioning of “high-quality DeFi.” However, from a macro perspective, the shift of large institutions from Ethereum's main assets to the DeFi track is a signal that market participants should contemplate.