2024

Arthur

Coin

As the cryptocurrency market gains momentum, traders are on the lookout for new opportunities. One name drawing attention is former Bitmex CEO Arthur Hayes, whose recent trading activity has caught the eye. After selling off his long-held PENDLE Coin at a loss, Hayes is now filling his portfolio with two altcoins.
<h2 id="arthur-hayes-adds-two-altcoins-to-his-portfolio">Arthur Hayes Adds Two Altcoins to His Portfolio</h2>
As reported by The Bit Journal, the market is beginning to show signs of a new bull run. Bitcoin continues to demonstrate strength above the $65,000 mark, and the altcoin market is signaling the start of a new season. In this context, traders and investors are gearing up for fresh purchases. Arthur Hayes, known for his sharp market moves, has now turned his attention to ATH. The on-chain analytics platform Lookonchain revealed:
“Arthur Hayes (CryptoHayes) bought 23.48 million ATH (worth $1.5 million) just one hour ago. Since August 15, he has accumulated a total of 116.63 million ATH (worth $7.5 million) at an average price of $0.0645.”
<blockquote class="twitter-tweet">
 Arthur Hayes (<a href="https://twitter.com/CryptoHayes?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@CryptoHayes</a>) bought another 23.48M <a href="https://twitter.com/search?q=%24ATH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$ATH</a>($1.5M) 1 hour ago.
 Since August 15, he has bought a total of 116.63M <a href="https://twitter.com/search?q=%24ATH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$ATH</a>($7.5M), with an average buying price of $0.0645.<a href="https://t.co/NzIsA4bhJL" rel="noopener noreferrer nofollow" target="_blank">https://t.co/NzIsA4bhJL</a> <a href="https://t.co/TN5X4hc9yx" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/TN5X4hc9yx</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1839564186722168862?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">September 27, 2024</a>
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In addition to ATH, Hayes has shown interest in a meme coin. According to Lookonchain, Hayes is also accumulating PEPE:
“Arthur Hayes (CryptoHayes) is calling for meme coins like MOTHER, MOG, and PEPE! On-chain data shows he withdrew 24.39 billion PEPE (worth $252.68K) from Binance just 20 minutes ago.”
<blockquote class="twitter-tweet">
 Arthur Hayes(<a href="https://twitter.com/CryptoHayes?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@CryptoHayes</a>) is calling for <a href="https://twitter.com/hashtag/MEMEcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#MEMEcoins</a> <a href="https://twitter.com/search?q=%24MOTHER&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$MOTHER</a>, <a href="https://twitter.com/search?q=%24MOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$MOG</a> and <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$PEPE</a>!
 On-chain data shows that he withdrew 24.39B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$PEPE</a>($252.68K) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Binance</a> 20 minutes ago.
 Address: 0x6cd66dbdfe289ab83d7311b668ada83a12447e21 <a href="https://t.co/MC9ZPF2Eg4" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/MC9ZPF2Eg4</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1839567565196235174?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">September 27, 2024</a>
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<h2 id="what-s-next-for-pepe-a-reaccumulation-phase">What’s Next for PEPE: A Reaccumulation Phase?</h2>
Currently, <a href="https://thebitjournal.com/pepe-coin-shows-potential-for-a-50-surge-despite-recent-decline/" target="_blank" rel="noopener noreferrer nofollow">PEPE</a> is climbing with exciting price targets ahead. Analysts note that the first stage is accumulation within an inverse head-and-shoulders formation, which typically signals a bullish reversal. After this phase, PEPE is expected to see a significant rally. Following the initial surge, the altcoin will likely enter a reaccumulation phase within a symmetrical triangle. This chart pattern typically indicates a consolidation period, where buyers and sellers reach equilibrium before the next move.
<blockquote class="twitter-tweet">
 <a href="https://twitter.com/hashtag/PEPE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#PEPE</a> is printing a textbook cycle structure<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d0.png" alt="🧐" class="wp-smiley" style="height: 1em; max-height: 1em;">
 Accumulation inside Inverse Head &amp; Shoulders → Rally → Re-Accumulation inside a Symmetrical Triangle
 And now I am looking for the final rally<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> which teleport us into the next phase → Distribution
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;">short-term target -… <a href="https://t.co/NLx1ZEdd0E" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/NLx1ZEdd0E</a>
 — Alex Clay (@cryptclay) <a href="https://twitter.com/cryptclay/status/1839295733079400603?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">September 26, 2024</a>
</blockquote>
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Each of these targets is a key level that investors should closely monitor. Whether PEPE reaches them will depend on market conditions and investor sentiment. PEPE’s market cycle provides valuable insights for investors, and the rally following the accumulation phase shows strong potential. The symmetrical triangle reaccumulation could guide PEPE’s next steps. However, it’s important for investors to remember that analysts’ targets are predictions. As always, conducting thorough research before investing is crucial.
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