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Arthur Hayes will invest in memcoins

Co-founder of the BitMEX exchange and crypto expert Arthur Hayes announced that he plans to increase the share of Pendle (PENDLE) and Dogecoin (DOGE) tokens. Previously, he predicted the approval of exchange-traded funds based on the latter asset.

“I like this uneven side-to-side price movement of shitcoins. I intend to add PENDLE and DOGE to my portfolio,” the expert said.

Note that over the last 24 hours, from June 18 to 19, 2024, the PENDLE rate increased by more than 8%, according to TradingView. The asset is trading around $5.7:

The DOGE token, in turn, experienced a drawdown on the weekly chart—about 10%. However, on a daily basis an increase of 1.5% was recorded. The asset is trading at $0.12 at the time of writing:

Hayes has repeatedly made loud predictions and shared his opinions regarding investments in crypto assets. For example, he previously sold the entire portfolio of Solana (SOL) tokens.

He also spoke out in support of memcoins and predicted the approval of an ETF based on Dogecoin.


Source: Cryptocurrency

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