**Arthur Hayes: Itโs Time for Meme Coins to Boom!**
Arthur Hayes, the co-founder of BitMEX, believes itโs time for meme coins to shine! ๐ฅ In a series of tweets, Hayes revealed that he has bought several meme coins, including Pepe (PEPE), Mother Iggy (MOTHER), and Mog Coin (MOG).
- **Meme Coin Season?**
Hayes even asked Iggy Azalea, the creator of MOTHER, to be his โmotherโ in a show of support. He also admitted that he was wrong in predicting the impact of the Federal Reserveโs interest rate cuts on bitcoin (BTC).
- **Hayesโ Strategy**
Hayes doubled down on his MOTHER position and expects its market cap to reach $1 billion. CoinMarketCap data shows MOTHER is currently worth $986 million.
- **Meme Coin Shopping**
Hayes also bought more MOG and PEPE, bringing his friends along with him. Lookonchain data shows Hayes has withdrawn 24.39 billion PEPE worth $252,680 from Binance.
- **Not Just Meme Coin**
Hayes also bought Aethir (ATH) tokens since mid-August, using funds from the sale of Pendle (PENDLE). He remains bullish on PENDLE despite selling some to fund "special situations."
What do you think about Hayes' strategy? Let's discuss in the comments column!