Arthur Hayes, co-founder of BitMEX and a prominent figure in the cryptocurrency world, has recently shared a meme coin from the Solana 
$86 ecosystem with his followers. His endorsement significantly boosted the price of the coin, demonstrating the impact of his influence within the crypto community.
Price Surge of FLOWER Meme Coin
In a post on X, Hayes showcased the Dextool profile of FlowerAI (FLOWER) meme coin, under the title “cake.” This action, bolstered by Hayes’s reputation in the cryptocurrency community, led to a notable increase in the coin’s price.
When the post was made, FLOWER was priced at $0.02232, but following the announcement, its value soared above $0.03. Market capitalization also rose from $22 million to approximately $30 million after the price increase.
Hayes’ Other Meme Coin Endeavors
Hayes has shown interest in other significant Solana meme coins, such as Dogwifhat (WIF), as well as low and mid-cap coins. He has acknowledged purchasing MOTHER and MOG tokens and investing in Solana AI meme coins like Goatseus Maximus (GOAT).
Recently, the Solana meme coin Deep Worm Price experienced a 180% surge, attributed to Hayes’ support. He predicted that this coin’s market capitalization would reach one billion dollars; however, WORM’s market value has since fallen to approximately $41 million.
Impact on the Solana Ecosystem
Hayes’ backing of Solana meme coins has positively affected both Solana and SOL prices, with SOL recently reaching an all-time high of $263. The Solana network continues to report substantial trading volumes thanks to the meme coin ecosystem.
According to DeFiLlama data, Solana’s decentralized exchange volume amounted to $44 billion over the past week, with $5 billion in the last 24 hours. With such trading volumes, Solana is outperforming other blockchains like Ethereum 
$2,329.
The continued support for these meme coins could further enhance the trading volumes on the Solana network, contributing to its growth. The Solana ecosystem benefits from the influence of figures like Arthur Hayes, which in turn increases interest in meme coins among traders.
