Arthur Hayes, one of the names that made a sound in the crypto world with his blog posts, said that he expects another exit in meme coins. Hayes, who gave 3 meme coins from his X account with more than 500 thousand followers, wrote that he thinks the Japanese elections will also affect cryptocurrencies.

Stating that he expects a rise for MOG, the meme coin he just bought at night, Hayes said the following in his morning tweet:

“The period of rise in meme coins has come. I stand by my thoughts for MOTHER and MOG, and I can’t ignore PEPE. I expect an increase in these”

“Crypto wants Takaichi”

Hayes, who also evaluated the election within the Liberal Democratic Party (LDP) in Japan, which he visited from time to time and closely followed, said, ‘If the crypto world had the right to choose, Sanae would choose Takaichi. Someone who wants a weak yen and money printing policy … ‘ he said.

As it will be remembered, Japan’s prime minister Fumio Kishida decided to resign in August with the emergence of some scandals within the party.

Yen depreciated against the dollar

According to Reuters, Sanae Takaichi, whom Hayes said ‘would be good’, lost the battle within the LDP. Instead, former defence minister Shigeru Ishiba won this party election and became prime minister.

Following the election results, the yen depreciated against the dollar.