Arthur Hayes, the co-founder of the BitMEX crypto alternate, has been accumulating meme cash this previous week. The crypto founder revealed that he’s attempting to create a meme coin portfolio forward of ‘Uptober,’ whereas asking his followers to suggest cash for him to purchase. So far, Hayes has largely purchased Solana cash, though Ethereum-based Pepe (PEPE) is his main meme holding.
Why Arthur Hayes Is Accumulating Meme Coins
The BitMEX co-founder revealed in an X publish that he was making a portfolio of meme cash contemplating that it’s about to be ‘Uptober,’ in reference to October, which is traditionally bullish for Bitcoin and the broader crypto market. Before now, Arthur Hayes recommended buying and selling these cash since Bitcoin was holding up properly.
Therefore, Hayes believes that these cash are solely prone to hold rising seeing as the present outlook out there is bullish heading into October. He revealed memes that he already purchased whereas asking his followers to shill him a few of their greatest ones.
According to him, he already owns Solana’s meme cash, MOTHER and MOG, and Ethereum’s PEPE, which is the third-largest meme by market cap. SpotOnChain data exhibits that he at present holds 24 billion PEPE tokens. The different cash look to be held in an undisclosed pockets.
In one other X publish, Hayes revealed that he had additionally purchased Smoking Chicken Fish (SCF), one other Solana coin. Meanwhile, he hinted that he purchased Ponke (PONKE), too. Besides PEPE, the MOTHER coin is believed to be one of many crypto founder’s largest meme holdings. He earlier talked about doubling down on his place within the coin that Australian Rapper Iggy Azalea created. He acknowledged that the coin goes to a billion market cap.
Meme Coins Are Again In The Spotlight
These altcoins are once more within the highlight, particularly contemplating the eye they’re gaining from crypto traders like Arthur Hayes. Thanks to Bitcoin’s rally, these cash have additionally been having fun with vital rallies of their very own and even making life-changing good points for traders. CoinGape just lately reported a few crypto investor that turned $1,300 into $12.45 million with Moo Deng, which simply launched seventeen days in the past on the Solana chain.
The foremost meme cash have additionally recorded vital good points within the final seven days. Dogecoin has rallied 16% in one week amid Elon Musk’s help. Shiba Inu and PEPE, the second and third largest memes by market cap, have recorded bigger good points, rising 35% and 32%, respectively, throughout this era.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has coated subjects that lower throughout DeFi, NFTs, good contracts, and blockchain interoperability, amongst others. Boluwatife has a knack for simplifying essentially the most technical ideas and making it simple for crypto newbies to grasp. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The offered content material might embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty on your private monetary loss.
