Arthur Hayes supported the meme coin FLOWER in the Solana ecosystem, causing the coin’s price to rise. With Hayes’ support, the trading volume on the Solana network also increased significantly.$SOL
BitMEX co-founder and crypto billionaire Arthur Hayes shared the Solana-based meme coin FLOWER with his followers. Hayes’ support led to a significant increase in the price of FLOWER. Hayes shared the Dextool profile of the FlowerAI (FLOWER) meme coin on the X platform with the title “cake.” Hayes’ influence in the crypto world increased the price of FLOWER after this post. At the time the post was published, the price of FLOWER was around $0.02232, but shortly after, the price rose above $0.03, increasing its market value from $22 million to $30 million.
Such posts have drawn some criticism, with some followers questioning why a well-known figure like Hayes would support a coin with a low market value, while others suggested that Hayes was trying to inflate the coin and then devalue it.
Arthur Hayes has also shown interest in popular meme coins and lower-cap coins in the Solana ecosystem in the past, such as Dogwifhat (WIF). He noted that he has purchased MOTHER and MOG tokens, as well as invested in Solana AI-based meme coins such as Goatseus Maximus (GOAT).
Recently, with Hayes’ support, Solana-based Deep Worm Price (WORM) coin gained 180% in value. Hayes expected the market value of this coin to reach $1 billion, but WORM’s market value fell to $41 million after the peak. Hayes’ support for meme coins has had a positive impact on both Solana and SOL prices. SOL recently hit a new all-time high of $263.
The Solana network continues to achieve large trading volumes thanks to meme coins. According to DeFiLlama data, Solana’s decentralized exchange volume reached $44 billion in the last 7 days and $5 billion in the last 24 hours. With these large trading volumes, Solana managed to surpass Ethereum and other blockchains.
The continued support of such meme coins by prominent figures in the crypto industry could increase the trading volume of the Solana network. With Arthur Hayes’ contributions, the Solana ecosystem continues to grow, while investor interest in meme coins also increases.
