Arthur Hayes singled out meme-coins with a training bull rally

Note: not investment advice!

BitMEX co-founder Arthur Hayes is actively preparing for the expected growth of the cryptocurrency market, often referred to as the «Uptober.» His attention is currently focused on meme coins. In his September 28 post on the X network, Hayes announced the construction of a portfolio that he is building based on potential meme coins ahead of the anticipated market rally.

Hayes’s portfolio already includes several well-known meme coins, such as Mother Iggy (MOTHER), Mog Coin (MOG), and Pepe (PEPE). All of these tokens have recently shown significant growth, especially on the Solana blockchain SOL $154.64 Solana -1.95% Market capitalization $72.43 billion VOL. 24 hours $0.38 billion . For example, after Hayes bought $ 250,000 worth of PEPE tokens on Binance and transferred approximately 24.39 billion PEPE to self-storage, the coin gained 35% in value, although it subsequently experienced a slight drop.

PEPE is currently showing a weekly gain of over 37%. Similarly, Mog Coin has also shown volatility, but has risen by almost 30% over the past week, although it recently dropped by 2%. The MOTHER token, although it has less information about its performance, is also showing positive dynamics.

As October approaches, some investors are already making profits from these meme coins. One such token is Moo Deng (MOODENG). Despite some skepticism about meme coins, Hayes believes that they can have potential value in the cryptocurrency ecosystem by attracting new users and stimulating activity. He emphasizes that blockchains that support meme coin culture, such as Solana, could benefit from increased attention and price fluctuations.

The No Worries editorial team strongly recommends that readers do not invest their own funds in dubious crypto projects and little-known digital assets!