You can also read this news on BH NEWS: Arthur Hayes Boosts FlowerAI Coin Prices
Arthur Hayes, the co-founder of BitMEX and a significant figure in the cryptocurrency sector, has recently brought attention to a Solana-based meme coin called FlowerAI. His endorsement has led to a considerable surge in the coin’s value, highlighting his influential role in the crypto space.
After Hayes shared a post on X featuring the Dextool profile of FlowerAI (FLOWER), the price experienced a dramatic rise. Initially priced at $0.02232, the coin’s value quickly surpassed $0.03, and its market capitalization jumped from $22 million to around $30 million.
Hayes has also expressed interest in several other noteworthy meme coins within the Solana ecosystem, such as Dogwifhat (WIF), and has made investments in MOTHER and MOG tokens, as well as other Solana AI meme coins like Goatseus Maximus (GOAT).
The influence of Hayes has led to significant price movements in various meme coins. For example, another meme coin, Deep Worm Price, witnessed a staggering 180% increase following his support, although its market value later declined to about $41 million.
The backing of meme coins by Hayes has had a beneficial impact on the Solana ecosystem, driving up the prices of Solana (SOL), which recently reached an all-time high of $263. Furthermore, the Solana network has reported impressive trading activity, with a decentralized exchange volume of $44 billion in the past week.
The ongoing support for these various meme coins suggests that they could further bolster trading volumes on the Solana network, illustrating the impact of influential figures like Arthur Hayes on the market dynamics of cryptocurrency investments.
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