Arthur Hayes, one of the leading figures in the crypto world, purchased 24.39 billion PEPE worth approximately $250,000 on Binance on September 27.

Arthur Hayes Bought $250,000 Worth of PEPE This Morning, Deposited $1.5 Million in ATH

Hayes’ purchase comes just hours after he tweeted that he was optimistic about the memecoin’s performance.

Additionally, according to information shared by Lookonchain, which tracks blockchain data, Hayes also purchased $1.5 million worth of ATH tokens approximately an hour after performing this transaction.

Arthur Hayes is a name known in the crypto world for his bold investment moves and market analysis.

The former BitMEX CEO is particularly notable for his statements and strategic investment decisions regarding volatile markets. These latest purchases are interpreted as an indication of Hayes’ confidence in memecoin and other altcoin projects.

HashKey OTC CEO Li Liang also noted the improvement in funding rates as a sign of market recovery.

“The SOL and BTC ecosystems leading the gains show a strong focus on memecoins as overall liquidity increases. Memecoins like PEPE and SHIB on Ethereum are also seeing increasing interest from the market,” he said.

SOL and BTC ecosystems are leading the gains, indicating a strong focus on memecoins as overall liquidity increases.

*This is not investment advice.