Famous analyst reveals memecoin portfolio: Targets are high!

BitMEX co-founder Arthur Hayes focused on the memecoin category with the rise of the market.

BitMEX cryptocurrency exchange co-founder Arthur Hayes continued to collect memecoins last week. The cryptocurrency founder asked his followers to recommend coins he could buy, and announced that he created a portfolio ahead of Uptober (the month of October with an uptrend). Hayes has mostly bought memecoins on Solana so far, but Ethereum-based memecoin Pepe ($PEPE ) is his favorite.

In his X post, the co-founder of BitMEX explained that he created a portfolio of memecoins, thinking that ‘Uptober’ is approaching, referring to the historically bullish month of October. Previously, Arthur Hayes suggested that these coins could be traded since Bitcoin was at a good price.

Hayes thinks that coins in this area will continue to rise, as the current outlook in the market is bullish towards October. The crypto expert, who has been prominent with his recent analyses, stated his favorite altcoins in X.

According to Hayes, he thinks that Solana's popular projects, MOTHER and MOG, may stand out. SpotOnChain data shows that the crypto analyst currently owns 24 billion PEPE. Other coins appear to be held in an undetermined wallet.

In another X post, Hayes announced that he also purchased Smoking Chicken Fish (SCF). Meanwhile, he hinted that he also purchased Ponke (PONKE). The famous analyst's next moves are eagerly awaited.

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