Arthur

PEPE

Aethir

Spot

BitMEX co-founder Arthur Hayes, also known for his interesting bets and takes on meme coins, seems to have accepted a loss on his fresh trades. He recently accumulated PEPE after ditching Aethir (ATH) and even took his shoot on MOTHER. 
The meme crypto category cumulatively saw a decline lately as the biggest of the tokens fell short of the bullish hopes. The total meme coins market cap dropped by more than 4% in the last 24 hours to stand at $45.05 billion. 
<h3 id="span-style-font-weight-400-hayes-ditches-pepe-and-mog-span">Hayes ditches PEPE and MOG</h3> 
According to the <a href="https://x.com/spotonchain/status/1841651962917617815" rel="nofollow" target="_blank">data shared</a> by Spot On Chain, Arthur Hayes took a loss of around $47,000 in a quick exit from two meme cryptos. He had invested in PEPE and MOG over the last 6 days. However, both of the tokens recorded a 10% price drop in the last 24 hours. 
BitMEX co-founder bought 24.39 billion PEPE (approx. worth $252.5K) on September 27, while he bagged 167.5 billion MOG (approx. worth $244.7K) just a day before. He spent around half a million dollars on these trending meme coins. 
Hayes reportedly had deposited all 24.39 billion PEPE (approx. worth $230K) and 167.5 billion MOG (approx. worth $223K) back to Binance and Bybit, respectively.&nbsp; 
<figure id="attachment_596041" aria-describedby="caption-attachment-596041" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="wp-image-596041 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/10/pepe.jpeg" alt="Arthur Hayes’ quick exit, hits $47K loss in meme coins in 6 days" width="2152" height="1316" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/10/pepe.jpeg 2152w, https://www.cryptopolitan.com/wp-content/uploads/2024/10/pepe-300x183.jpeg 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/10/pepe-1200x734.jpeg 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/10/pepe-768x470.jpeg 768w, https://www.cryptopolitan.com/wp-content/uploads/2024/10/pepe-1536x939.jpeg 1536w, https://www.cryptopolitan.com/wp-content/uploads/2024/10/pepe-2048x1252.jpeg 2048w" sizes="(max-width: 2152px) 100vw, 2152px">
 <figcaption id="caption-attachment-596041" class="wp-caption-text">
 Source: SpotOnChain
 </figcaption>
</figure> 
<a href="https://www.cryptopolitan.com/pepe-price-prediction/">PEPE price</a> is still up by 21% in the last 30 days despite registering a dump of 10% over the last 24 hours. Its 24-hour trading volume also took a hit of 34% to stand at $1.18 billion. PEPE is trading at an average price of $0.00000921, at press time. 
MOG is also standing strong with a 47% gain in the last 30 days while watching a decline of 10% in the past 24 hours. MOG price is up by solid 3,388% on the year to date (YTD) index. MOG is trading at an average price of $0.00000139 with a trading volume of $19.4 million. 
<h3 id="span-style-font-weight-400-will-hayes-stand-with-mother-now-span">Will Hayes stand with MOTHER now?</h3> 
Earlier, Arthur Hayes had <a href="https://www.cryptopolitan.com/interview-arthur-hayes-on-when-bitcoin-will-make-a-new-all-time-high/">stated</a> that “We’re on the brink of a meme coin breakout,” and then he went all-in with some wild choices. Meanwhile, the biggest of the meme coins printed red indexes as Bitcoin (BTC) struggles to regain the $62,000 mark. 
Hayes even <a href="https://x.com/CryptoHayes/status/1838067229151412572" rel="nofollow" target="_blank">tweeted</a> at Iggy Azalea, the creator of $MOTHER, asking if she could be his “mother”, a bold show of support for her meme coin. MOTHER price is now down by over 30% in the last 7 days. Its 24-hour trading volume is down by 22% to stand at $15 million.

Arthur Hayes’ quick exit, hits $47K loss in meme coins in 6 days

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