Release: 2024/09/27 16:39 Reading: 803
Arthur Hayes, a prominent figure in the crypto realm, recently made substantial purchases on Binance, acquiring 24.39 billion PEPE tokens valued at approximately $250,000 on September 27.
This acquisition aligns with Hayes' optimistic outlook on the memecoin, which he expressed in a tweet just hours prior. Additionally, Hayes invested a further $1.5 million in ATH tokens within an hour of his PEPE purchase.
Hayes is renowned for his audacious investments and astute market analysis in the crypto industry. His former role as CEO of BitMEX has made him a recognizable personality. These latest purchases suggest Hayes' belief in the potential of memecoins and other altcoin projects.
HashKey OTC CEO Li Liang has also noted a positive trend in funding rates, suggesting signs of market recovery.
"The SOL and BTC ecosystems driving the gains indicate a heightened focus on memecoins as liquidity improves. Ethereum-based memecoins, such as PEPE and SHIB, are garnering increasing interest in the market," Liang stated.
The dominance of SOL and BTC ecosystems highlights the growing appeal of memecoins as overall market liquidity strengthens.
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