Arthur Hayes Incurs $47K Loss on Memecoins PEPE and MOG
10/3/2024 1:30:18 AM
According to Spot On Chain, Arthur Hayes, a notable figure in the cryptocurrency market, has accepted a $47,000 loss after trading two memecoins, PEPE and MOG, over six days. Hayes initially invested $500,000 in these tokens on September 27. Recently, he deposited 24.39 billion PEPE, valued at $230,000, and 167.5 billion MOG, valued at $223,000, back to the Binance and Bybit exchanges. This move indicates a strategic decision to cut losses in these volatile assets. (Source)
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