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

Over $3 Million In Xrp Stolen, What Really Happened

News | Editor Choice | Policy & Regulations

Over $3 Million in XRP Stolen, What Really Happened?

An XRP investor in the U.S. has lost more than $3 million despite storing his assets in a cold wallet — a shocking incident that has shaken the crypto community and raised serious concerns about security vulnerabilities in so-called “safe” storage devices.

Ai Boom Propels Bitcoin Miners To 500% Gains, Outpacing Btc Itself

News | Bitcoin | Editor Choice

AI Boom Propels Bitcoin Miners to 500% Gains, Outpacing BTC Itself

AI-fueled revenues keep miners resilient — could that stability lift Bitcoin out of its October slump?

Bnb Plunges After Being Added To Coinbase’s Listing Roadmap

News | Altcoin | Editor Choice

BNB Plunges After Being Added to Coinbase’s Listing Roadmap

BNB’s price has tumbled sharply in recent days, despite the positive news that the token is set to be listed on Coinbase.

Hyperliquid Leads The $1.4 Billion Token Buyback Wave Sweeping Through Crypto In 2025

News | Altcoin | Editor Choice

Hyperliquid Leads the $1.4 Billion Token Buyback Wave Sweeping Through Crypto in 2025

The year 2025 is witnessing the largest token buyback wave in crypto history, as blockchain projects have spent over $1.4 billion to reduce circulating supply — and Hyperliquid is leading the charge with an unprecedented scale.

Binance Selling Pressure Weighs On Bitcoin

News | Bitcoin | Editor Choice

Binance Selling Pressure Weighs on Bitcoin, But ‘Uptober’ Could Soon Turn the Tide

Despite the ongoing selling pressure, analysts at CryptoQuant believe this is only a short-term correction before Bitcoin’s typical late-October rebound — the so-called “Uptober” — begins.

Screenshot 2025 10 20 091338