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

Price Prediction For Pi By The End Of 2025

Pi Network | Editor Choice

Price Prediction for PI by the End of 2025

According to CoinDCX, the price of PI Coin may see an uptrend by the end of this year and could recover to the range of $2 to $2.8.

Notable Token Unlocks In June 2025

Altcoin | Editor Choice

Notable Token Unlocks in June 2025

There is $1 billion worth of tokens set to be unlocked this June, notably including Sui (SUI), Fasttoken (FTN), and LayerZero (ZRO).

Bitcoin Rebounds After Correction, Surpasses $105,000

News | Bitcoin | Editor Choice

Bitcoin Rebounds After Correction, Surpasses $105,000

After a period of correction, Bitcoin has rebounded and surpassed the $105,000 mark, as experts warn of technical divergence signals and key support zones gradually taking shape.

Crypto Trader James Wynn Loses $99 Million In A Week

News | Altcoin | Editor Choice

Crypto Trader James Wynn Loses $99 Million in a Week

Crypto trader James Wynn lost $99 million in just one week due to failed Bitcoin bets, while another trader made $17 million by taking the opposite positions.

Most Ethereum Etf Investors Deep In The Red

News | Altcoin | Editor Choice

Most Ethereum ETF Investors Deep in the Red

Most investors in BlackRock and Fidelity’s Ethereum ETFs are suffering heavy losses as Ether’s price falls well below their entry levels, amid volatility driven by former President Trump’s trade policies.