According to TechFlow, on October 16, Arthur Hayes said in his latest article that due to the escalation of geopolitical risks, he has significantly reduced his previously purchased Meme tokens. Currently, the only Meme token he holds is SCF.

Hayes said that given the tensions in the Middle East, especially the escalation of the conflict between Iran and Israel, he is prepared for a significant depreciation of his positions. Despite this, he has not yet instructed Akshat, the investment director of his investment fund Maelstrom, to slow down or stop investing in pre-sale tokens. For the idle fiat currency held by Maelstrom, Hayes plans to pledge it on the Ethena platform to obtain considerable interest income while waiting for the opportunity to buy various cryptocurrencies with poor liquidity.