bullish

Arthur

PEPE

<ul class="wp-block-list">
 <li>Arthur Hayes faced a $47K loss from meme coins PEPE and MOG, selling after a sharp 10% price drop in just six days.</li>  
 <li>PEPE gained 21% over the past 30 days but dropped 10% recently, while MOG surged 3,388% YTD despite volatility.</li>  
 <li>Hayes remains bullish on meme coins but his $500K investment in PEPE and MOG resulted in a loss amid market swings.</li> 
</ul>  
<p>Arthur Hayes, the co-founder of BitMEX, exited from meme coins PEPE and MOG, incurring a loss of $47,000. Hayes invested approximately $500,000 in these tokens on September 27, 2024, after showing strong public support on Twitter.&nbsp;</p>  
<p>His investments, 24.39 billion PEPE worth $252,507 and 167.5 billion MOG valued at $244,718, were deposited into Binance and Bybit. Six days later, both tokens dropped by 10%, prompting Hayes to sell them for a combined loss.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/spotonchain/status/1841651962917617815
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<h2 class="wp-block-heading" id="h-pepe-and-mog-market-activity">PEPE and MOG Market Activity</h2>  
<p>Hayes sold his entire PEPE holdings for $229,771, resulting in a $22,737 loss. MOG also showed a similar trend, with the sale resulting in a realized loss of $22,189. The price drop over a six-day period led to this quick exit.</p>  
<p>Besides, PEPE saw an upward trend in the last 30 days, gaining 21%, but fell by <a href="https://coinmarketcap.com/currencies/pepe/" rel="noopener noreferrer nofollow">8.37%</a> within the past 24 hours. MOG has recorded even greater success, with a 47% increase in the last month and an impressive 3,388% rise year-to-date.</p>  
<p><a href="https://cryptonewsland.com/solana-investor-turns-815-into-9-4-million-with-moodeng-meme-coin-surge/" rel="noopener noreferrer nofollow">Meme coin investments</a> have always been volatile, and Hayes’ quick entry and exit reflect the risks in this space. PEPE and MOG both registered sharp price declines, but their longer-term performance shows strength.&nbsp;</p>  
<p>PEPE still has a 30-day gain and an active trading volume of $1.18 billion, indicating ongoing interest. On the other hand, MOG’s price has surged this year, although its trading volume has dipped to $19.4 million.</p>  
<h2 class="wp-block-heading" id="h-arthur-hayes-investment-strategy">Arthur Hayes' Investment Strategy</h2>  
<p><a href="https://cryptonewsland.com/arthur-hayes-bullish-on-bitcoin-and-meme-coins-as-market-momentum-grows/" rel="noopener noreferrer nofollow">Hayes has remained bullish on meme coins</a>, even tweeting, “We’re on the brink of a meme coin breakout,” showing confidence in their potential. However, his recent loss demonstrates the inherent risk of short-term trades in this volatile market.</p>  
<p>Additionally, Hayes’ public <a href="https://x.com/CryptoHayes/status/1838067229151412572" rel="noopener noreferrer nofollow">support</a> for $MOTHER, a meme coin created by rapper Iggy Azalea, raised eyebrows. MOTHER has seen a decline, losing 30% in the past week, with trading volume dropping by 22%.</p>   
<p>The post <a href="https://cryptonewsland.com/arthur-hayes-takes-47k-hit-after/" rel="noopener noreferrer nofollow">Arthur Hayes Takes $47K Hit After Quick Exit from PEPE and MOG Meme Coins</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Arthur Hayes Takes $47K Hit After Quick Exit from PEPE and MOG Meme Coins

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