BitMEX crypto exchange co-founder Arthur Hayes continued his memecoin collection last week. The crypto founder asked his followers to suggest coins he could buy and announced that he had created a portfolio ahead of Uptober (October is bullish). Hayes has been buying mostly memecoins on Solana so far, but Ethereum-based memecoin Pepe ($PEPE) is his favorite.
In his X post, the BitMEX co-founder explained that he created a portfolio of memecoins, thinking that 'Uptober' was approaching, referring to the historically bullish month of October. Arthur Hayes had previously suggested that these coins could be traded because Bitcoin was at a good price.
Hayes believes that coins in this sector will continue to rise, as the current market outlook is bullish in October. The crypto expert, who is known for his recent analysis, outlined his favorite altcoins in X.
According to Hayes, he thinks popular Solana projects, MOTHER and MOG, could stand out. SpotOnChain data shows the crypto analyst currently owns 24 billion PEPE. The other coins appear to be held in an unknown wallet.
In another post by X, Hayes announced that he also bought Smoking Chicken Fish (SCF). Meanwhile, he hinted that he also bought Ponke (PONKE). The next moves of this famous analyst are expected.
