{"id":100766,"date":"2024-11-23T06:20:16","date_gmt":"2024-11-23T10:20:16","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=100766"},"modified":"2024-11-23T06:20:19","modified_gmt":"2024-11-23T10:20:19","slug":"arthur-hayes-promotes-solana-meme-coin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/arthur-hayes-promotes-solana-meme-coin\/","title":{"rendered":"Arthur Hayes Promotes Solana Meme Coin, Price Surges"},"content":{"rendered":"\n

Arthur Hayes<\/a> promoted the Solana-based meme coin FLOWER on X, causing its price to surge from $0.022 to over $0.03.<\/p>\n\n\n\n

\"Arthur
Arthur Hayes Promotes Solana Meme Coin, Price Surges<\/figcaption><\/figure>\n\n\n\n

Arthur Hayes, the co-founder of BitMEX and a crypto magnate, has distributed an additional Solana meme coin to his followers. Hayes' mention of the currency in an X post resulted in a surge in the coin's price, as anticipated.<\/p>\n\n\n\n

Arthur Hayes Shills FLOWER Meme Coin<\/h2>\n\n\n\n

Arthur Hayes shared the Dextool profile of the FlowerAI (FLOWER) meme coin in an X post with the caption “kek.” This post was sufficient to cause the meme coin's price to rise, given Hayes' prominence in the crypto community.<\/p>\n\n\n\n

The price of FLOWER was $0.02232 at the time of his post; however, it has since surged and is currently at or above $0.03. The coin's market<\/a> capitalization was $22 million at the time, but it has since increased to $30 million as a result of the price boom.<\/p>\n\n\n\n

Arthur Hayes' post has been the subject of criticism. Certain members of his following inquired as to why an individual of his standing was shilling a low-cap coin. In the interim, certain individuals accused him of consciously attempting to pump and unload the coin on his followers.<\/p>\n\n\n\n

Hayes has previously invested in low and mid-cap coins in addition to promoting top SOL meme coins such as Dogwifhat (WIF). He mentioned that he had purchased the MOG and MOTHER tokens at one point. Additionally, he placed a wager on the Goatseus Maximus (GOAT) meme coin from Solana AI.<\/p>\n\n\n\n

In the interim, the Solana meme coin Deep Worm Price experienced a 180% increase in value following Hayes' endorsement and prediction that the coin would reach a billion market valuation. WORM had a market capitalization of $55 million when he shilled the coin. Nevertheless, WORM's market capitalization has since declined to $41 million as a result of the surge.<\/p>\n\n\n\n

The Solana Meme Coin Ecosystem Has Received A Significant Enhancement<\/h2>\n\n\n\n

Although Arthur Hayes continues to promote Solana meme coins<\/a>, the positive influence these coins have had on Solana and the SOL price is undeniable. The SOL price has recently reached a new all-time high (ATH) of $263, which is a result of the heightened demand for the coin among traders who are interested in investing in meme coins on the network.<\/p>\n\n\n\n

The meme coin ecosystem of the Solana network has also contributed to its ongoing record-breaking trading volume. To provide context, Solana is presently superior to all other chains, including Ethereum, in terms of decentralized exchange (DEX) volume.<\/p>\n\n\n\n

The network has recorded a DEX volume\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> of $44 billion and $5 billion in the last seven days and 24 hours, respectively, according to DeFiLlama data. Ethereum is a distant second, with $17 billion and $2.9 billion recorded during these periods.<\/p>\n\n\n\n

The Solana network is unlikely to continue to experience increased trading volume as more investors seek to trade these coins, given that stakeholders in the crypto industry, such as Arthur Hayes, are advocating for these Solana meme coins.<\/p>\n","protected":false},"excerpt":{"rendered":"

Arthur Hayes promoted the Solana-based meme coin FLOWER on X, causing its price to surge from $0.022 to over $0.03. Arthur Hayes, the co-founder of BitMEX and a crypto magnate, has distributed an additional Solana meme coin to his followers. Hayes’ mention of the currency in an X post resulted in a surge in the […]<\/p>\n","protected":false},"author":36,"featured_media":100774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[7607,886,22657],"class_list":["post-100766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-arthur-hayes","tag-price","tag-solana-meme-coin"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/GM23_Arthur3-gID_7.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=100766"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/100774"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=100766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=100766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=100766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}