Ethereum

Arthur

PEPE

<ul class="wp-block-list">
 <li>Arthur Hayes took a $47K hit after dropping $500K on PEPE and MOG.</li>
 <li>Hayes deposited 24.39 billion PEPE and 167.5 billion MOG back to Binance and Bybit.</li>
</ul>
The crypto market has been struggling to break the bearish pressure as Uptober began. The bearish sentiment drove the overall market cap to $2.14 trillion. The leading cryptocurrency, Bitcoin (BTC), dropped to $59.9K, and Ethereum (ETH) also faced a sharp downturn, falling to $2.3K.&nbsp;
Amid this, the former BitMEX CEO <a href="https://thenewscrypto.com/fed-rate-cuts-may-not-boost-bitcoin-prices-as-per-arthur-hayes/" target="_blank" rel="noopener noreferrer nofollow">Arthur Hayes</a> recently announced his support for the three meme coins—PEPE, MOG, and MOTHER. It triggered the token’s price momentum. He spent an approximation of $500K on these tokens.&nbsp;
According to recent on-chain <a href="https://x.com/spotonchain/status/1841651962917617815" target="_blank" rel="noopener noreferrer nofollow">data</a>, Hayes confronted a $47K loss six days after his announcement. Hayes has deposited 24.39 billion PEPE, worth $230K, and 167.5 billion MOG, valued at $223K, back to the exchanges like Binance and Bybit.&nbsp;
On the other hand, Arthur Hayes previously made a move in the crypto market by selling 350K <a href="https://thenewscrypto.com/arthur-hayes-moves-1-26m-in-pendle-as-token-hits-8-day-high/" target="_blank" rel="noopener noreferrer nofollow">PENDLE</a>, worth $1.26 million, as per the on-chain data. He initially purchased 392,911 $PENDLE for $2.2 million between May 20 and June 21 at around $5.60 per token.&nbsp;
<h3 class="wp-block-heading" id="h-price-movements-of-pepe-and-mog">Price Movements of PEPE and MOG</h3>
Hayes’ acquisition of PEPE triggered the token surge in value in the market. On September 27, PEPE spiked to the price range of $0.00001070. Currently, PEPE is trading at $0.000009274, down by 6.90% in the last 24 hours. Besides, the trading volume has dropped by 33.20% to $1.22 billion, according to CMC <a href="https://coinmarketcap.com/currencies/pepe/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
Looking ahead, the nearby resistance is found at $0.000009316. A bullish surge could take the price higher, while a strong bear hold may push it down to $0.000009187.&nbsp;
In addition, MOG is currently trading at $0.000001391, losing over 7.15% in the past 24 hours. The trading volume of the token is down by 35.65% to $20 million. Hayes’ support made the MOG price spike to the $0.00000169 range, as per CMC <a href="https://coinmarketcap.com/currencies/mog-coin/" target="_blank" rel="noopener noreferrer nofollow">data</a>. The nearby resistance of the token might be at $0.000001447, and the immediate support can be found at $0.000001264.&nbsp;
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Arthur Hayes Faces Another Loss Amid PEPE and MOG Slump

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