Deep Worm’s price skyrockets 180% as Arthur Hayes anticipates further gain, sparking optimism in the meme coin sector amid positive sentiment in the crypto market.
The Deep Worm price has surged nearly 180%, capturing the interest of investors in the meme coin space.
This significant spike highlights renewed enthusiasm for meme coins, further amplified by BitMEX co-founder Arthur Hayes’s bullish remarks on WORM.
His recent comments have sparked additional optimism for the token’s upward trajectory, aligning with the overall positive sentiment in the crypto market.
Deep Worm’s Meteoric Rise Attracts Arthur Hayes’s Attention
The rapid ascent of Deep Worm reflects the growing appeal of meme coins, a market segment often driven by speculative investments and community support.
The token’s performance mirrors investors’ broader trend toward high-risk, high-reward assets amid persistent market volatility.
Arthur Hayes, known for his outspoken views on cryptocurrency, recently expressed excitement about WORM in a post on X.
He referred to it as a narrative-driven DeSci (Decentralized Science) project with “questionable” utility but suggested its potential for significant growth, stating, “Are you ready for the moon? $WORM to a billy.”
This marks a notable shift from Hayes’s previous cautious stance toward meme coins, which stemmed from macroeconomic uncertainties.
His newfound optimism appears to have bolstered confidence in the meme coin sector.
Deep Worm’s price surge coincides with a broader crypto market rally, spurred by post-election optimism following Donald Trump’s presidential win.
Investors speculate that pro-crypto regulatory changes could further propel the sector’s growth in the near future.
WORM Surges 180%
Data from CoinGecko shows that Deep Worm’s price skyrocketed nearly 180% today, reaching a 24-hour high of $0.0882, with a trading volume of $40.91 million.
However, as of this writing, the price has slightly dipped to $0.06767.
Market analysts expect the rally to continue, particularly as endorsements from influential figures like Arthur Hayes often shape market sentiment.
Hayes’s backing carries substantial weight in the crypto space, encouraging traders to take note of WORM’s potential.
For context, Hayes previously endorsed the Solana-based meme coin Goatseus Maximus, which saw a strong rally in response.
His latest enthusiasm for WORM suggests a potential shift in the meme coin landscape, inspiring further interest among traders.
Additionally, the rise in WORM aligns with increasing activity in the meme coin sector, as leading tokens experience similar growth.
Hopes for pro-crypto policies and clearer regulations under Donald Trump’s administration have further fueled expectations of a sustained rally in the broader crypto market.
