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Cryptocurrency News Articles
Arthur Hayes Shifts Focus to Memecoin $PEPE After $ATH, Deposits $1M in USDC into Binance and Withdraws 24.39B $PEPE ($252K) to His Wallet (0x6cd)
Sep 27, 2024 at 06:00 pm
Arthur Hayes, co-founder of BitMEX, has recently shifted his focus to the memecoin $PEPE. He deposited $1 million in USDC into Binance, subsequently withdrawing approximately 24.39 billion $PEPE, valued at around $252,000, to his wallet (0x6cd). This marks his first significant engagement with $PEPE, according to data from Spot On Chain.
BitMEX co-founder Arthur Hayes has shifted his focus to memecoin $PEPE, depositing $1 million in USDC into Binance and subsequently withdrawing approximately 24.39 billion $PEPE, valued at around $252,000, to his wallet (0x6cd). This marks his first significant engagement with $PEPE, according to data from Spot On Chain.
After $ATH, Arthur Hayes now accumulating memecoin $PEPE!In the past 2 hours, Arthur Hayes (@CryptoHayes) deposited 1M $USDC to #Binance and withdrew back 24.39B $PEPE ($252K) to wallet 0x6cd for the first time.Follow @spotonchain for more updates about #ArthurHayes and… https://t.co/zTPMYKQH7W pic.twitter.com/032cBetVuv
Hayes revealed his optimism regarding such a memecoin breakout in a tweet recently. He wrote about appreciation to $MOTHER and likeness for $MOG stating that he could not turn a blind eye to the growing interest in $PEPE. His comments indicate new confidence in memecoins as genuine investment assets, which is a new angle on these tokens in the market.
New tokens known as memecoins have received much attention lately with the help of the engaged community and trending social media posts. The token $PEPE that is associated with the meme character also experiences growing investors’ interest and Hayes’s massive purchase can be a crucial point for the token. His engagement might inspire other investors to examine the $PEPE more thoroughly, which will increase its popularity and possible worth.
Moreover, he has added some more $ATH to his current Aethir holdings. As per Lookonchain, he has bought another 23.48M Aethir worth around $1.5M at the time of purchase. Now he has invested $7.5 million in $ATH during the last 45 days. Previously, all his attention was focused on $PENDLE.
Arthur Hayes (@CryptoHayes) bought another 23.48M $ATH($1.5M) 1 hour ago.Since August 15, he has bought a total of 116.63M $ATH($7.5M), with an average buying price of $0.0645.https://t.co/NzIsA4bhJL pic.twitter.com/TN5X4hc9yx
Hayes’s Investment Raises Expectations for $PEPE and Memecoin SectorHayes new role comes at a time that has seen the various cryptocurrencies gain significantly, showing that he continues to be an active participant in the crypto space. Investors are now waiting to see how this investment will impact the value of $PEPE and the rest of the memecoin industry.
If Hayes continues to support $PEPE, as reported by Spot On Chain, there is a high likelihood of the token attracting higher traffic and possibly an increase in value in the next few days. Such steps may open the door toward learning memecoins as a viable investment within the dynamic space of cryptocurrencies.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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