Arthur Hayes has decided to expand its meme coin portfolio and is making significant investments in Solana and Ethereum-based coins. Recently, meme coins have provided significant gains to investors.

Hayes, one of the co-founders of BitMEX, announced last week that he aims to increase his meme coin holdings. Stating that he aims to build a portfolio before “Uptober,” Hayes asked his followers for buy recommendations. Hayes, who has mostly purchased Solana-based coins so far, has the Ethereum-based Pepe (PEPE) as his largest meme asset, which is trading at $2,680.

Hayes, who thinks that October was a historically positive period for Bitcoin at $65,749 and the overall crypto market, believes that meme coins will also gain value during this period. He predicts that the bullish trend of the market during the “Uptober” period will create new opportunities for meme coins. Hayes, who includes Solana’s MOTHER and MOG coins and Ethereum-based PEPE tokens in his portfolio, has 24 billion PEPE tokens according to SpotOnChain data. It is also stated that he has invested in other Solana-based meme coins such as Smoking Chicken Fish (SCF) and Ponke (PONKE).

Market Performance of Meme Coins
Along with the rise of Bitcoin, meme coins have also seen remarkable increases. Dogecoin has gained 16% in the last week, reaching $0.131209. Shiba Inu has increased by 35%, and PEPE by 32%. These increases have increased the popularity of meme coins among investors.

Hayes said, “I expect the market value of MOTHER coin to reach the billion level.” Stating that he takes into account community support and market trends when creating his portfolio, Hayes aims to reduce risks by diversifying his portfolio with the suggestions he receives from his followers.

However, given the volatile nature of meme coins, investors are advised to be careful and follow market analysis closely. Hayes’ strategy focuses on maximizing potential gains while adapting to the general trend of the market.