Solana Price Analysis: Billionaire Arthur Hayes Accumulates Meme Coins and SOL – $1,000 SOL Next?
Arthur Hayes, co-founder of the BitMEX exchange, has strategically boosted his meme coin holdings as he anticipates a strong market rally in October—popularly referred to as “Uptober” by traders. According to SpotOnChain data, Hayes has accumulated a staggering 24 billion PEPE tokens, alongside significant investments in Solana-based meme tokens like MOTHER and MOG.
His recent acquisitions signal growing confidence that these assets will benefit from a broader market recovery, particularly as Bitcoin and other risk assets have shown signs of strength.
Hayes’ focus on meme coins comes as October has historically been a positive month for the cryptocurrency market.
He believes that community-driven tokens like PEPE and niche Solana-based coins have the potential to see significant gains during this period.
Moreover, Hayes has actively engaged with his followers, soliciting their suggestions for building a robust meme coin portfolio.
Hayes’ portfolio is not limited to a single blockchain; it spans Ethereum and Solana ecosystems, demonstrating his broad approach to capturing value across multiple networks. His largest holding remains PEPE, an Ethereum-based meme coin that has grown popular for its vibrant community and liquidity.
In addition to Ethereum tokens, Hayes has also delved into Solana’s emerging meme coin market, acquiring Smoking Chicken Fish (SCF) and Ponke (PONKE) tokens. This diversification strategy aligns with Solana’s growing activity, making it a hotspot for new meme coin projects.
Solana remains bearish as the price has slipped below the lower boundary of its ascending channel, currently around $156.50.
The immediate support lies at $154.00, while a further break could push prices down to $151.35 and $149.03.
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