\n\t\t\t\tEste art\u00edculo tambi\u00e9n est\u00e1 disponible en espa\u00f1ol.
\n\t\t\t<\/a>\n\t\t<\/div>\n
Arthur Hayes, co-founder and former CEO of the cryptocurrency buying and selling platform BitMEX, has lately made headlines with important investments within the memecoin sector, notably by his notable buy of Pepe (PEPE).\u00a0<\/span><\/p>\n Hayes\u2019 optimism in the direction of memecoins, expressed in a current <\/span>social media post<\/span><\/a> on X (previously Twitter), has coincided with a major surge in PEPE\u2019s worth, reflecting a broader resurgence in curiosity throughout the crypto market.<\/span><\/p>\n On-chain analytics platform Lookonchain <\/span>revealed <\/span><\/a>that Hayes invested $250,000 in PEPE by buying roughly 24.39 billion tokens on Binance on Friday. This funding comes as PEPE is experiencing a notable upward trajectory, reaching its highest value in practically three months at $0.0000109.\u00a0<\/span><\/p>\n CoinGecko <\/span>data <\/span><\/a>reveals that the token has recorded spectacular positive factors of 34%, 45%, and 38% over the previous week, two weeks, and month, respectively. The current value actions of PEPE are additional supported by a considerable enhance in buying and selling quantity, which surged by 41% within the final 48 hours to almost $2.5 billion.<\/span><\/p>\n This uptick in buying and selling exercise is indicative of heightened investor curiosity, possible fueled by a bullish sentiment following the US Federal Reserve\u2019s <\/span>decision <\/span><\/a>to chop rates of interest on September 18, which has supplied a positive atmosphere for varied cryptocurrencies, together with the memecoin sector.<\/span><\/p>\n Currently buying and selling at $0.0000107, PEPE is up 17% within the newest buying and selling hours. However, it stays down 37% from its all-time excessive of $0.0000171 reached in May. Despite this decline, Hayes\u2019s endorsement seems to be a <\/span>catalyst <\/span><\/a>for continued investor curiosity.<\/span><\/p>\n Hayes\u2019s involvement within the memecoin area extends past PEPE. He has additionally proven assist for 2 different tokens: Mog Coin (MOG) and the Mother Iggy (MOTHER) token, related to Australian singer Iggy Azalea and constructed on the Solana <\/span>blockchain<\/span><\/a>.\u00a0<\/span><\/p>\n While Lookonchain has not confirmed whether or not Hayes invested in these tokens as he did with PEPE, his endorsement has already positively impacted MOG\u2019s value, which is presently buying and selling at $0.00000165\u2014a acquire of over 10% following Hayes\u2019s announcement.<\/span><\/p>\n MOG has recorded a colossal year-to-date surge of 10,398%, alongside a 5.70% enhance in buying and selling quantity. Despite these positive factors, it stays 32% beneath its peak of $0.0000024 reached in July.<\/span><\/p>\n Conversely, the <\/span>MOTHER token<\/span><\/a> has struggled to take care of momentum, buying and selling down practically 14% prior to now 24 hours. However, it has seen substantial positive factors of 75% during the last week and 176% prior to now two weeks, signaling that it stays an asset of curiosity regardless of current volatility.<\/span><\/p>\n Overall, Haye\u2019s assist for the <\/span>memecoin sector<\/span><\/a> reveals the traction that this a part of the market has gained over the previous 12 months particularly, outperforming the most important cryptocurrencies in the marketplace by a transparent margin.<\/span><\/p>\nPEPE Price Soars Following Hayes\u2019 Investment<\/span><\/h2>\n
Related Reading<\/span><\/h2>\n<\/p>\n
Support For Mog Coin And The Mother Iggy Token<\/span><\/h2>\n
Related Reading<\/span><\/h2>\n<\/p>\n