PEPE surges as Arthur Hayes bets on meme coin

• PEPE worth shot up 14% as meme cash rose, with Floki and Shiba Inu amongst prime gainers.
• The value of Pepe elevated as Arthur Hayes withrew $250,000 in PEPE from Binance.
• Hayes can also be touting Mom Iggy (MOTHER) and Mog Coin (MOG).

Pepe (PEPE) worth spiked greater than 14% in 24 hours because the meme coin reacted upwards to an enormous guess from Arthur Hayes. The uptick follows latest positive factors for PEPE alongside dogwifhat and Sei.

On the time of writing, the frog-themed meme coin was buying and selling at $0.00001047, having deleted one zero as costs reached intraday highs of $0.00001071. Pepe’s buying and selling quantity rose 34% to over $1.3 billion.

These positive factors, which got here as Bitcoin surged above $65k and prime altcoins sought to reflect it, have seen PEPE rank among the many prime gainers on the day within the prime 100 by market cap class.

Pepe’s market cap was $4.4 billion, up 14% in 24 hours. By way of prime gainers within the 100 largest cash by market cap, PEPE ranked behind Wormhole (W), whose worth had elevated by 17% to $0.32.

Floki (FLOKI), one other flying meme coin, was up 14% whereas Shiba Inu (SHIB) additionally outpaced most altcoins with 13% upside previously 24 hours.

PEPE worth soars amid Arthur Hayes bullish guess

The meme coin market is abuzz, with Solana-based child hippo meme Moo Deng (MOODENG) outperforming all prime 500 cash by market cap. Nevertheless, most of the different meme cash are additionally seeing first rate positive factors as merchants guess on additional upside momentum.

PEPE has attracted the eye of Arthur Hayes, the previous BitMEX CEO who has just lately elevated his bullish guess on Aethir (ATH), a decentralized cloud infrastructure platform for gaming and synthetic intelligence.

In addition to including to his ATH place with one other $1.5 million buy on Friday, Hayes purchased $250,000 price of PEPE. The crypto investor and entrepreneur acquired the meme cash on crypto trade Binance.

Apart from PEPE, Hayes additionally just lately talked about Mom Iggy (MOTHER) and Mog Coin (MOG).

It is time for a memecoin breakout. I respect my $MOTHER, I $MOG like nobody else, however I am unable to neglect $PEPE.

Yachtzee Bitches!😘😘😘😘😘😘

— Arthur Hayes (@CryptoHayes) September 27, 2024