BitMex Founder Focuses on Acquiring Meme Coins

Is cryptocurrency entrepreneur Arthur Hayes predicting the next wave in digital currencies?

Azcnews Bitmex Founder Focuses On Acquiring Meme Coins

From PENDLE to MOTHER, and even dog-themed coins, he appears to have shifted his focus from long-term altcoin accumulation to meme currencies. In a message to Australian rapper Iggy Azalea, Hayes hinted at the unexpected turn of events. Azalea’s $MOTHER has been dominating the meme currency charts for days, with an impressive 30% gain over the past week.

Arthur Hayes On X
Arthur Hayes On X

This comes just a day after Azalea revealed plans to launch a new social media platform where $MOTHER will be used as a primary payment method.

In parallel, blockchain analytics platform SpotOnChain has detected a series of sell-offs by Hayes involving PENDLE. He transferred 1.595 million PENDLE tokens to Binance and Bybit, which is expected to generate around $5.61 million.

Spot On Chain
Spot On Chain

Hayes added another 16.478 million Aethir (ATH) tokens from OKX, KuCoin, and Bybit to his massive ATH stash, bringing the total ATH to 62.257 million, worth around $4.144 million. ATH is up 8.8% and is an emerging altcoin backed by a company that specializes in providing powerful GPU computing solutions.

In Hayes’ public wallet, the largest asset currently is Ether (ETH), with a total value of nearly $23 million, including wrapped versions of Ethereum.

In June 2024, Hayes expressed support for the largest meme cryptocurrency, Dogecoin, when he declared that he “likes its wild and unpredictable volatility.” Since that tweet, both PENDLE and DOGE have fallen sharply. Dogecoin fell from $0.124 to $0.1069, while PENDLE plummeted from $5.35 to $3.96, officially dropping out of the TOP 100 list of cryptocurrencies by global market capitalization.

Love

0.0/5

Love

Latest

How To Join The Beamable Airdrop

Airdrops | Editor Choice

How to Join the Beamable Airdrop

Beamable is an online game development platform that empowers developers to build, manage, and scale games without the headache of setting up complex server infrastructure.

Azcnews Breaking Crypto Market Recovers, But Weakness Remains As Trading Volume Drops

News | Bitcoin | Editor Choice

Crypto Market Recovers, but Weakness Remains as Trading Volume Drops

The crypto market is rebounding, but declining trading volume and fading momentum raise concerns about the sustainability of the recovery.

Superx Spring Contests 2025

Airdrops | Editor Choice

SuperX Spring Contests 2025: Compete for Top Volume and Win $1 Million with BingX!

Are you looking for an opportunity to earn money through crypto trading? BingX's SuperX Spring Contests is the perfect playground for you! With a total prize pool of up to $1,000,000, this event is exciting the global trading community.

How To Participate In The Newton Airdrop

Editor Choice | Airdrops | News

How to Participate in the Newton Airdrop

Join the Newton airdrop hunt! The project has successfully raised $83 million from top investment funds and is allowing users to earn credits for a chance to receive future airdrops.

How To Participate In The Mawari Airdrop

Airdrops | Editor Choice

How to Participate in the Mawari Airdrop

Join the Mawari airdrop hunt! The DePIN project has successfully raised $17.3 million and is currently running a point-earning program on Galxe.