News

Smart Dex Traders And Arthur Hayes Fuel $PEPE Accumulation As Memecoin Hype Grows

In the past 24 hours, Smart Dex Traders have been accumulating significant amounts of $PEPE, purchasing a total of 235.85 billion tokens, worth approximately $2.22 million.

This surge in buying activity has coincided with $PEPE breaking through a key resistance level, signaling potential for further upward momentum.

One notable transaction involved the creation of a new wallet, which withdrew 121.7 billion $PEPE ($1.06 million) from Binance and 421.74 billion $MOG ($599,000) from Bybit. This move has raised speculation among traders, especially given the timing and scale of the transaction.

Arthur Hayes Acquires $PEPE Memecoin 

Adding to the excitement, prominent crypto figure Arthur Hayes, co-founder of BitMEX, has also jumped into the $PEPE frenzy. After hitting an all-time high, Hayes has shifted his focus to accumulating the memecoin.

Related Post

In the last two hours, Hayes deposited 1 million $USDC to Binance, later withdrawing 24.39 billion $PEPE ($252,000) to his wallet, marking his first-ever $PEPE acquisition.

In a tweet today, Hayes fueled the hype further by hinting at a potential memecoin breakout. He tweeted, “It’s time for a memecoin breakout. I respect my $MOTHER, I $MOG like no one else, but I can’t neglect $PEPE.”

As $PEPE continues to gain traction among Smart Dex Traders and influential figures like Arthur Hayes, the memecoin is becoming a hot topic in the crypto world. With $PEPE breaking resistance and big players accumulating, it remains to be seen whether this momentum will lead to another memecoin rally.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or using any service.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, and Metaverse news!

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

2 mins ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

33 mins ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

1 hour ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

2 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

5 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

6 hours ago