Crypto investor and BitMEX founder Arthur Hayes sold his memecoin holdings, MOG and $PEPE
at a significant loss just six days after announcing his investment. Hayes had invested $500,000 in the two coins, predicting they would "go up." However, on-chain data reveals he sold 24.39 billion PEPE ($230,000) and 167.5 billion MOG ($223,000) at a $47,000 loss.
The crypto community reacted harshly, with one investor calling it the "worst trade of all time." MOG and PEPE have since dropped 20% and 18% in value, respectively. Hayes' actions have raised questions about his investment strategies and influence on the crypto market.
#InvestSmartly #LoserAndGainer #BNBChainMemecoins #MOG #pepeâĄ
