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
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PEPE Exhibits High Correlation with ETH, Reinforcing Bullish Sentiment
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