Arthur Hayes suffers loss in memecoins
Arthur Hayes, co-founder of Bitmex, suffered a five-figure loss on several memecoins. This occurred a few days after predicting a rise in memecoins. In one post, he said it was time for a “memecoin breakout.”
Meanwhile, pre-sales for Pepe Unchained remain on the rise. The project has raised more than $17.9 million so far.
Arthur Hayes suffers loss of US$47,000 6 days after predicting rise in memecoins
Bitmex co-founder and former CEO Arthur Hayes realized a five-figure loss a few days after predicting a rise in memecoins. Analysis platform Spot On Chain showed a loss of US$47,000 on investments made in the Pepe and Mog Coin memecoins.
Arthur Hayes’ post said it was time for a “memecoin breakout.” Pepe, Mog and MOTHER fell 12%, 18% and 43% respectively. Currently, Hayes has deposited his 24.39 billion PEPE, worth $230,000, and 167.5 billion MOG, valued at $223,000, back to Binance and Bybit.
The significant loss suffered by Arthur Hayes highlights the volatile nature of cryptocurrency investments, especially memecoins. Despite public endorsement and substantial investment from Hayes, the value of these tokens dropped significantly in just one week. The result was a substantial loss.
But even with prices falling by around 12% in the last seven days, there are analysts who believe that Pepe could enter the buying zone.
The next step for the market to explore is the influence of Bitcoin as an institutional asset class. This should be fully analyzed at Benzinga's upcoming The Future of Digital Assets Powered event, scheduled for November 19th.
Meanwhile, new competitors appear on the market daily. There's a new memecoin rising to prominence. Pepe Unchained promises to be the successor to Pepe, especially as its pre-sales have seen impressive gains.
Pre-sales of Pepe Unchained exceed US$ 17.9 million
The new memecoin Pepe Unchained has achieved impressive gains. Now, $PEPU pre-sales have exceeded US$17.9 million. Pepe Unchained has developed a second layer solution, which allows for faster and lower cost transactions.
$PEPU is a utility token for generating passive income, which has made Pepe Unchained one of the most promising cryptocurrencies to invest in right now. This is because investors can profit from the appreciation of the token and the returns from liquidity pools.
Projected returns for $PEPU will be spread over two years, with an estimated 121% p/a return. It is worth remembering that staking profitability is based on the tokens allocated in liquidity pools.
Investors and market analysts believe that Pepe Unchained has the potential to surpass the original Pepe. Proof of this is that the pre-sale has already raised more than US$17.9 million and that the project already has a solid community supporting the $PEPU token. $PEPU powers the entire Pepe Unchained ecosystem and staking the token allows you to earn massive rewards.
Tokenomics with great potential
According to its tokenomics, Pepe Unchained allocated 40% of tokens for presale, 30% for staking, 10% for marketing. It also allocated 7.5% for liquidity, 7.5% for project development and 5% for network inventory.
For those who want to purchase $PEPU at lower prices, it is worth checking the pre-sale progress. In the current phase, for example, $PEPU tokens can be purchased for US$0.00993 each. But this value should rise in less than a day, as pre-sales advance to the next phase.
It is possible to purchase $PEPU with ETH, USD, BNB Coin, PEPE or make the purchase with a credit card. Even during the pre-sale, investors will be able to stake $PEPU tokens, guaranteeing even more gains.
After the presale ends, buyers need to reconnect the wallet used in the presale and select the “claim” option to obtain the tokens.
Investing in Pepe Unchained ($PEPU) could be an unmissable chance for those who missed Pepe's early days and are looking for a memecoin with great growth potential.
Follow Pepe Unchained's social media to stay up to date with pre-sale progress.
Disclaimer: This article is for informational purposes only, and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article.