Arthur Hayes: After the escalation of the situation in the Middle East, I have significantly reduced my holdings of Meme tokens. The only Meme token I currently hold is SCF
In his latest article, Arthur Hayes stated that due to geopolitical risks, he is prepared for a significant devaluation of his positions. When the situation in Iran and Israel escalated, he had significantly reduced the Meme tokens he had previously purchased. The only Meme token currently held is SCF. Arthur added that there are no instructions yet for Maelstrom's investment director Akshat to slow down or stop deploying funds to pre-sale token transactions. For the idle fiat currency held by Maelstrom, it will be pledged on Ethena, earning substantial interest income while waiting for the opportunity to buy various illiquid cryptocurrencies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst: It seems reasonable for Amazon to keep a "small portion" of its cash in Bitcoin
Bellede has transferred a total of approximately 9 million USDC to Ondo Finance this week
Data: USDC Treasury has issued an additional 50 million USDC on Ethereum