Bitmex co-founder Arthur Hayes realized a five-figure loss on several meme coins only a few days after predicting more meme coin upside.
What Happened: Analytics platform Spot On Chain shows a $47,000 loss from his investments in Pepe (CRYPTO: PEPE) and Mog Coin (CRYPTO: MOG). The Bitcoin bull had initially invested a total of $500,000 in these tokens on Sep. 27, following his public endorsement of three meme coins, PEPE, MOG and Mother Iggy (CRYPTO: MOTHER).
His tweet read that it is the time for a “meme coin breakout.” Pepe, Mog …
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