BitMEX cryptocurrency exchange founder Arthur Hayes began buying meme tokens #Pepe (PEPE) during the cryptocurrency bull run.
According to Spot On Chain, Hayes transferred $1 million worth of USD Coin (USDC) stablecoins to the Binance trading platform on September 27 and withdrew $252,000 worth of Pepe from the platform a short time later. Shortly before these transactions, Arthur stated that he could not ignore PEPE, and apparently purchased these digital assets for the first time.
Pepe Hayes Cryptocurrency Withdrawal Information
Pepe currently ranks fourth in the list of cryptocurrencies by the amount of funds invested by Hayes, excluding USDC stablecoins. The top three in this indicator are Ethereum (ETH), Aethir (ATH), and #Pendle (PENDLE).
Pepe has gained 37% in the past week, and Arthur is hoping to make a profit by buying during the bull run. However, Hayes sometimes makes mistakes and suffers financial losses as a result. For example, he recently sold $5.62 million worth of Pendle and suffered a 37% loss. A few hours after Hayes got rid of PENDLE, the cryptocurrency’s price increased sharply by 24%.
