Arthur Hayes, one of the co-founders of the BitMEX crypto exchange, increased his meme coin accumulation last week. Hayes stated that he aimed to create a meme coin portfolio before “Uptober” and asked for buying suggestions from his followers. The biggest asset of Hayes, who has mostly purchased Solana coins so far, is Ethereum. $2,660 based Pepe (PEPE).
Meme Coin Strategy for Uptober
Hayes, October’s Bitcoin 
$65,573 and considering that it has been historically positive for the overall crypto market, he predicts that meme coins will also gain value during this period. He believes that during this period called “Uptober”, the market’s bullish trend will also create opportunities for meme coins.
Investments in Meme Coins
Hayes, which includes Solana’s MOTHER and MOG coins and Ethereum-based PEPE tokens in its portfolio, currently owns 24 billion PEPE tokens, according to SpotOnChain data. He has also reportedly invested in other Solana-based meme coins such as Smoking Chicken Fish (SCF) and Ponke (PONKE).
Market Performance of Meme Coins
With the rise of Bitcoin, meme coins also showed remarkable increases. dogecoin 
$0.121074 In the last week, Shiba Inu gained 16%, Shiba Inu gained 35% and PEPE gained 32%. These increases increased the popularity of meme coins among investors.
“I expect MOTHER coin to reach the billion market cap level,” Hayes said.
Hayes takes community support and market trends into consideration when creating his meme coin portfolio. It aims to reduce risks by diversifying its portfolio with the suggestions it receives from its followers.
Considering the volatile nature of Meme coins, investors are advised to be careful and follow market analysis closely. Hayes’ strategy is geared towards maximizing potential gains while adapting to the overall direction of the market.
Finally, although market experts have different views on the future of meme coins, it is observed that their popularity and investor interest continues to increase.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
