BitMEX co-founder and crypto millionaire Arthur Hayes has shilled one other Solana meme coin to his followers. As anticipated, the coin’s worth rallied following Hayes’ point out of the coin in an X publish.
Arthur Hayes Shills FLOWER Meme Coin
In an X publish, Arthur Hayes shared the Dextool profile of the FlowerAI (FLOWER) meme coin with the caption “kek.” Given Hayes’ standing within the crypto neighborhood, this publish was sufficient to ship the meme coin’s worth hovering.
When he made the publish, FLOWER’s worth was $0.02232, however the coin’s worth has since spiked and is now above $0.03. The coin’s market cap was $22 million on the time however is now at $30 million following the worth rally.
Arthur Hayes’ publish has drawn criticism. Some of his followers questioned why somebody of his reputation was shilling a low-cap coin. Meanwhile, some accused him of deliberately making an attempt to pump and dump the coin on his followers.
Besides shilling prime SOL meme coins like Dogwifhat (WIF) prior to now, Hayes has additionally dabbled into low and mid-cap cash. There was some extent the place he talked about that he purchased the MOTHER and MOG tokens. He additionally guess Solana AI meme coin Goatseus Maximus (GOAT).
Meanwhile, extra just lately, the Solana meme coin Deep Worm Price skyrocketed 180% after Hayes shilled it and asserted that the coin would attain a billion market cap. When he shilled the coin, WORM had a market cap of $55 million. However, following the pump, WORM’s market cap has since dropped to $41 million.
Solana Meme Coin Ecosystem Presents A Huge Boost
While Arthur Hayes continues to shill Solana meme cash, there isn’t any doubt in regards to the optimistic influence these cash have had on Solana and the SOL worth. The SOL price just lately hit a brand new all-time excessive (ATH) of $263, and this improvement is because of the elevated demand for the coin amongst merchants trying to spend money on meme cash on the community.
The Solana community has additionally continued to file large buying and selling quantity because of its meme coin ecosystem. For context, Solana is presently main all different chains, together with Ethereum, when it comes to decentralized trade (DEX) quantity.
DeFiLlama data reveals that the community has recorded a DEX quantity of $44 billion and $5 billion within the final seven days and 24 hours, respectively. Ethereum is available in a distant second with $17 billion and $2.9 billion recorded throughout these intervals.
With stakeholders within the crypto business like Arthur Hayes shilling these Solana meme cash, the Solana community will unlikely proceed to take pleasure in extra buying and selling quantity as extra traders additionally look to commerce these cash.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has lined matters that minimize throughout DeFi, NFTs, good contracts, and blockchain interoperability, amongst others. Boluwatife has a knack for simplifying essentially the most technical ideas and making it straightforward for crypto newbies to know. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The offered content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.
