Arthur Hayes Shills Another Solana Meme Coin, Price Rallies

BitMEX co-founder and crypto millionaire Arthur Hayes has shilled one other Solana meme coin to his followers. As anticipated, the coin’s value rallied following Hayes’ point out of the coin in an X publish.

Arthur Hayes Shills FLOWER Meme Coin

In an X publish, Arthur Hayes shared the Dextool profile of the FlowerAI (FLOWER) meme coin with the caption “kek.” Given Hayes’ standing within the crypto neighborhood, this publish was sufficient to ship the meme coin’s value hovering.

When he made the publish, FLOWER’s value was $0.02232, however the coin’s value has since spiked and is now above $0.03. The coin’s market cap was $22 million on the time however is now at $30 million following the worth rally.

Arthur Hayes’ publish has drawn criticism. A few of his followers questioned why somebody of his reputation was shilling a low-cap coin. In the meantime, some accused him of deliberately attempting to pump and dump the coin on his followers.

In addition to shilling prime SOL meme coins like Dogwifhat (WIF) previously, Hayes has additionally dabbled into low and mid-cap cash. There was a degree the place he talked about that he purchased the MOTHER and MOG tokens. He additionally guess Solana AI meme coin Goatseus Maximus (GOAT).

In the meantime, extra not too long ago, the Solana meme coin Deep Worm Price skyrocketed 180% after Hayes shilled it and asserted that the coin would attain a billion market cap. When he shilled the coin, WORM had a market cap of $55 million. Nonetheless, following the pump, WORM’s market cap has since dropped to $41 million.

Solana Meme Coin Ecosystem Presents A Enormous Enhance

Whereas Arthur Hayes continues to shill Solana meme cash, there isn’t a doubt concerning the constructive affect these cash have had on Solana and the SOL value. The SOL price not too long ago hit a brand new all-time excessive (ATH) of $263, and this growth is because of the elevated demand for the coin amongst merchants trying to put money into meme cash on the community.

The Solana community has additionally continued to file huge buying and selling quantity because of its meme coin ecosystem. For context, Solana is presently main all different chains, together with Ethereum, when it comes to decentralized change (DEX) quantity.

DeFiLlama data exhibits that the community has recorded a DEX quantity of $44 billion and $5 billion within the final seven days and 24 hours, respectively. Ethereum is available in a distant second with $17 billion and $2.9 billion recorded throughout these durations.

With stakeholders within the crypto business like Arthur Hayes shilling these Solana meme cash, the Solana community will unlikely proceed to get pleasure from extra buying and selling quantity as extra traders additionally look to commerce these cash.