bullish

Arthur

PEPE

Coin

<ul class="wp-block-list news-points">
 <li>Arthur Hayes withdrew 24.3B PEPE from Binance, signaling his bullish stance on the meme coin.</li>
 <li>Hayes previously endorsed PEPE, MOTHER, and MOG, showing continued support for meme tokens amid Bitcoin’s resilience.</li>
 <li>PEPE’s bullish breakout and high Ethereum correlation have regained investor interest.</li>
</ul>
Arthur Hayes, the BitMEX co-founder and a key figure in the crypto market, <a href="https://x.com/lookonchain/status/1839567565196235174" target="_blank" rel="noopener noreferrer nofollow">withdrew</a> 24.39 billion PEPE from Binance, an amount worth $252.6K from Binance while endorsing meme coins PEPE, MOTHER, and MOG, sparking investor enthusiasm.
Meme tokens, especially PEPE, have been making waves in recent months. PEPE, named after the internet-famous frog, has been showing bullish momentum, following Ethereum’s positive movements. After breaking out of a bullish continuation pattern and retesting support levels successfully, PEPE reignited investor interest, signaling that Hayes’ confidence in the token is based on solid market indicators.
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="512" height="284" src="https://coinedition.com/wp-content/uploads/2024/09/unnamed-50.png" alt="" class="wp-image-506539" srcset="https://coinedition.com/wp-content/uploads/2024/09/unnamed-50.png 512w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-50-300x166.png 300w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-50-380x211.png 380w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-50-127x70.png 127w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-50-159x89.png 159w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-50-313x175.png 313w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-50-440x244.png 440w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-50-414x230.png 414w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-50-297x165.png 297w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-50-377x209.png 377w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-50-144x81.png 144w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-50-123x68.png 123w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-50-129x72.png 129w" sizes="(max-width: 512px) 100vw, 512px">
 <figcaption class="wp-element-caption">Source: Javon Marks
 </figcaption>
 </figure>
</div>
Read also: <a href="https://coinedition.com/memecoins-rally-pepe-bonk-lead-the-charge-doge-lags/" rel="noopener noreferrer nofollow">Memecoins Rally: PEPE, BONK Lead the Charge, DOGE Lags</a>
<h2 class="wp-block-heading" id="h-pepe-exhibits-high-correlation-with-eth-reinforcing-bullish-sentiment">PEPE Exhibits High Correlation with ETH, Reinforcing Bullish Sentiment</h2>
Data from IntoTheBlock shows a <a href="https://app.intotheblock.com/coin/PEPE" target="_blank" rel="noopener noreferrer nofollow">high correlation</a> between PEPE and ETH…
The post <a href="https://coinedition.com/arthur-hayes-moves-252k-in-pepe-is-a-meme-coin-surge-coming/" rel="noopener noreferrer nofollow">Arthur Hayes Moves $252K in PEPE—Is a Meme Coin Surge Coming?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Arthur Hayes Moves $252K in PEPE—Is a Meme Coin Surge Coming?

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