Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»PEPE coin rises 35% as Arthur Hayes manages PEPE with billions of dollars.
ALTCOIN NEWS

PEPE coin rises 35% as Arthur Hayes manages PEPE with billions of dollars.

By Crypto FlexsSeptember 28, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
PEPE coin rises 35% as Arthur Hayes manages PEPE with billions of dollars.
Share
Facebook Twitter LinkedIn Pinterest Email
  • Meme coin enthusiast Arthur Hayes actively buys PEPE & MOG.
  • PEPE token breaks 5-month resistance as Bitcoin rises above $66,000.
  • The meme currency division is growing 22.5% daily, reaching a market capitalization of $57.8 billion.

BitMEX founder Arthur Hayes has been putting his money where his mouth is after announcing a shift in focus towards meme currencies. The binge shopping session started almost midnight. The BitMEX co-founder tagged popular cryptocurrency trader Ansem with an invitation. “I just botted $MOG and it sucked. Come and join me.”

The cat-themed Mogcoin (MOG) is listed on several major exchanges, including Bybit and KuCoin. Total supply is equal to PEPE, up to 420.69T.

Arthur Hayes: “We can’t ignore PEPE”

“It’s time for memecoins to emerge.” He declared himself an extravagant cryptocurrency enthusiast in his next message, confessing to his audience that he couldn’t resist Pepe. Soon after, Hayes withdrew 24.39 billion Pepe tokens (PEPE) into a publicly traceable cryptocurrency wallet. PEPE holdings are currently worth $262,927,000 and make up the second page of Arthur’s wallet.

“I respect $MOTHER and $MOG more than anyone, but I can’t ignore $PEPE.” We read a provocative message coinciding with a massive daily bull run in PEPE. The frog-themed cryptocurrency emerged as a leader in the altcoin section on Friday, soaring to $0.00001077 for a daily gain of 16%.

PEPE trading volume explodes

This level has not been claimed since August 2, 2024, but the Fibonacci retracement tool sets $0.00001153 as the next target based on the five-month lows and highs. Breaking down the resistance barrier, PEPE now benefits 79% of investors. With a high price correlation of 0.85 against Bitcoin (BTC), PEPE’s 7-day rally now stands at 35%.

Interestingly, these PEPE cryptocurrency price increases are massive in both spot and derivative markets. Toad-themed PEPE hit $2.4 billion in spot, with more action on derivatives and speculative market volume surging 53% in 24 hours. Open Interest (OI) also increased by 20%, suggesting that derivatives traders may be opening leveraged positions in both directions in PEPE.

On the flip side

  • Amid the rise in PEPE price, more than $4 million worth of short positions in PEPE coins were liquidated in the last 24 hours, according to CoinGlass data.
  • Claims that Arthur Hayes purchased Mog Coin (MOG) and $MOTHER may be exaggerated, as the entrepreneur’s wallet only shows $12.95 worth of MOG.

Why This Matters

Celebrities endorsing cryptocurrencies on social media channels contribute to the public awareness of the cryptocurrency sector. For a coin to grow sustainably, it needs strong fundamentals such as a real utility case and real trading volume.

Check out DailyCoin’s popular cryptocurrency news:

Harris doubled down on her commitment to cryptocurrencies with major policy updates.
Ethereum Burns Increased 160% Last Week: What’s Behind the Surge?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

The 69 Dumbest Moments of the Year: 2024 Crypto Edition

December 25, 2024

Jonnathan Saborio announces Smart Profit Global’s mission to democratize blockchain technology

May 3, 2024

Trump Crypto Team’s $ 20 million selling sells Memecoin price collapsed.

April 29, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.