Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
BitMEX’s Arthur Hayes Promotes New Memecoin, Price Surges

BitMEX’s Arthur Hayes Promotes New Memecoin, Price Surges

Cryptodnes2024/11/24 04:11
By:Cryptodnes

BitMEX's Arthur Hayes has once again promoted a Solana-based memecoin to his followers, triggering a surge in its price.

In a recent post on X, Hayes shared the Dextool profile of the FlowerAI (FLOWER) meme coin, using the phrase “kek,” which led to an immediate rally. At the time of the post, FLOWER was priced at $0.02232, but the coin’s value quickly spiked above $0.03, boosting its market capitalization from $22 million to $30 million.

This move has attracted some criticism from the crypto community, with some questioning why a prominent figure like Hayes would promote a low-cap coin. Accusations of manipulating the market for personal gain have also emerged, with detractors suggesting he is attempting to pump and dump the asset on his followers. Hayes has previously promoted other Solana meme coins, including Dogwifhat ( WIF ) and Solana AI meme coin Goatseus Maximus ( GOAT ), in addition to investing in lesser-known tokens like MOTHER and MOG.

In recent months, Hayes has made waves with his endorsement of Solana meme coin Deep Worm Price, which skyrocketed 180% following his mention. However, the coin’s market cap dropped after the initial surge, reflecting the volatility that often accompanies meme coin investments.

READ MORE:
AI Predicts Bitcoin’s Future Price – Here is What to Expect

Despite this, the Solana meme coin ecosystem has proven to be a significant driver for the Solana network itself. The rising demand for these tokens has contributed to Solana’s all-time high price of $263 and propelled it to lead other blockchains, including Ethereum, in decentralized exchange (DEX) volume.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!