According to an update shared by AmberCN via Twitter, "BitMEX founder Arthur Hayes has started to bet on meme coins after dumping Pendle (PENDLE). He posted a bullish tweet about meme coins about 40 minutes ago and just bought 24.39 billion $PEPE ($250k) on Binance." This move by Hayes comes as a surprise to many, as he has been a vocal critic of meme coins in the past. However, it appears that he has changed his tune, as he now believes that meme coins have the potential to be a lucrative investment. It remains to be seen whether Hayes' bet on meme coins will pay off. However, his decision to invest in PEPE is a clear indication that he believes that the meme coin market has the potential to grow significantly in the future.