Arthur Hayes Moves $252K in PEPE—Is a Meme Coin Surge Coming

  • Arthur Hayes withdrew 24.3B PEPE from Binance, signaling his bullish stance on the meme coin.

  • Hayes previously endorsed PEPE, MOTHER, and MOG, showing continued support for meme tokens amid Bitcoin’s resilience.

  • PEPE’s bullish breakout and high Ethereum correlation have regained investor interest.

Arthur Hayes, the BitMEX co-founder and a key figure in the crypto market, withdrew 24.39 billion PEPE from Binance, an amount worth $252.6K from Binance while endorsing meme coins PEPE, MOTHER, and MOG, sparking investor enthusiasm.

Meme tokens, especially PEPE, have been making waves in recent months. PEPE, named after the internet-famous frog, has been showing bullish momentum, following Ethereum’s positive movements. After breaking out of a bullish continuation pattern and retesting support levels successfully, PEPE reignited investor interest, signaling that Hayes’ confidence in the token is based on solid market indicators.

Source: Javon Marks

Read also: Memecoins Rally: PEPE, BONK Lead the Charge, DOGE Lags

PEPE Exhibits High Correlation with ETH, Reinforcing Bullish Sentiment

Data from IntoTheBlock shows a high correlation between PEPE and ETH…

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