Arthur Hayes Shills Another Solana Meme Coin Project, FLOWER Price Pumps

BitMEX co-founder and crypto millionaire Arthur Hayes introduced another Solana meme coin project to his followers. As expected, the price of this coin increased after Hayes' post on the X platform.

Crypto millionaire and BitMEX co-founder Arthur Hayes introduced another Solana meme coin project to his followers. True to form, the coin’s price surged following Hayes’ post on the X platform.

Arthur Hayes Shares FLOWER Meme Coin Project

Arthur Hayes introduced the FlowerAI (FLOWER) meme coin on the X platform by sharing the Dextool profile for the coin with the caption “cake.” Given Hayes’ stature in the crypto community, the post was enough to send the coin’s price surging.

FLOWER was trading at $0.02232 at the time of the post, but the coin is now trading above $0.03. The coin’s market cap was $22 million at the time of the post, but it has since increased to $30 million following the price rally.

Hayes’ post sparked criticism, with some followers questioning why someone of his stature would be promoting a coin with such a low market cap. Others suggested that he was deliberately attempting to pump the coin’s price and sell at a profit.

In addition to hyping popular Solana meme coins like Dogwifhat (WIF), Hayes has also expressed interest in lower and mid-cap coins. At one point, he revealed that he bought the MOTHER and MOG tokens. He also said that he had invested in Goatseus Maximus (GOAT), Solana’s parody cryptocurrency of artificial intelligence.

Recently, as reported by Kriptokoin.com, Hayesを紹介されるSolana meme coin Deep Worm Price, and the coin’s price surged by 180%. Hayes predicted that the market cap of the coin would reach $1 billion. However, the price surged after the introduction, decreasing the market cap from $55 million to $41 million.

Solana Ecosystem Booming

Arthur Hayes’ continued promotion of Solana meme coins highlights the positive impact these coins are having on the Solana network and the price of SOL.

The price of SOL recently hit a new all-time high (ATH) of $263, largely driven by the surging demand from investors for meme coins on the Solana network. The Solana network continues to see high trading volume thanks to its meme coin ecosystem. For instance, Solana currently ranks ahead of all other networks, including Ethereum, in terms of decentralized exchange (DEX) volume.

According to data from DeFiLlama, the Solana network has seen $44 billion in DEX volume over the past seven days and $5 billion in the past 24 hours. During the same period, Ethereum came in second with $17 billion and $2.9 billion, respectively. With key figures in the crypto industry like Arthur Hayes promoting these Solana meme coins, the trading volume on the Solana network is likely to continue surging as more investors look to buy and sell these coins.

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