{"id":17504,"date":"2024-10-03T17:57:20","date_gmt":"2024-10-03T14:57:20","guid":{"rendered":"https:\/\/forklog.com\/en\/arthur-hayes-faces-47000-loss-amid-memecoin-decline\/"},"modified":"2024-10-03T17:57:20","modified_gmt":"2024-10-03T14:57:20","slug":"arthur-hayes-faces-47000-loss-amid-memecoin-decline","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/arthur-hayes-faces-47000-loss-amid-memecoin-decline\/","title":{"rendered":"Arthur Hayes Faces $47,000 Loss Amid Memecoin Decline"},"content":{"rendered":"<p>Former BitMEX CEO Arthur Hayes, who recently <a href=\"https:\/\/x.com\/CryptoHayes\/status\/1839554799873774046\">expressed optimism<\/a> about the prospects of memecoins, has incurred an unrealized loss of $47,000 from trading two tokens. This was highlighted by analysts at Spot On Chain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Arthur Hayes already accepted a $47K loss from two memecoins <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a> and <a href=\"https:\/\/twitter.com\/search?q=%24MOG&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MOG<\/a> after 6 days!<\/p>\n<p>6 hours ago, <a href=\"https:\/\/twitter.com\/CryptoHayes?ref_src=twsrc%5Etfw\">@CryptoHayes<\/a> deposited all 24.39B <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a> ($230K) and 167.5B <a href=\"https:\/\/twitter.com\/search?q=%24MOG&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MOG<\/a> ($223K) back to <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/Bybit?src=hash&#038;ref_src=twsrc%5Etfw\">#Bybit<\/a>.<\/p>\n<p>Notably, he spent $500K in total on those tokens just on Sep 27, after\u2026 <a href=\"https:\/\/t.co\/IMxEPYZ0LY\">https:\/\/t.co\/IMxEPYZ0LY<\/a> <a href=\"https:\/\/t.co\/v2hBWrf8Yd\">pic.twitter.com\/v2hBWrf8Yd<\/a><\/p>\n<p>\u2014 Spot On Chain (@spotonchain) <a href=\"https:\/\/twitter.com\/spotonchain\/status\/1841651962917617815?ref_src=twsrc%5Etfw\">October 3, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On September 27, Hayes spent $503,000 acquiring 24.39 billion PEPE ($230,000) and 167.5 billion MOG ($223,000). By October 2, he had transferred all the tokens to the Binance and Bybit exchanges. <\/p>\n<p>During this period, the total value of the memecoins in his account fell to $460,000. Thus, should he sell the tokens, the loss would amount to $47,000. <\/p>\n<p>At the time of writing, Hayes&#8217;s portfolio balance stood at $29.64 million, according to <a href=\"https:\/\/platform.spotonchain.ai\/en\/entity\/1552\">Spot On Chain<\/a>.<\/p>\n<p>Earlier in September, the former BitMEX CEO announced the closure of a short position on the leading cryptocurrency with a 3% profit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former BitMEX CEO Arthur Hayes, who recently expressed optimism about the prospects of memecoins, has incurred an unrealized loss of $47,000 from trading two tokens. This was highlighted by analysts at Spot On Chain. Arthur Hayes already accepted a $47K loss from two memecoins $PEPE and $MOG after 6 days! 6 hours ago, @CryptoHayes deposited [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1193,1267,1227,1161],"class_list":["post-17504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arthur-hayes","tag-cryptocurrency-trading","tag-cryptocurrency-transactions","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17504"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17503"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}