The Deep Worm price has skyrocketed nearly 180%, gaining the attention of investors in the meme coin sector. This massive surge highlights a renewed focus on the meme coins, especially with BitMEX co-founder Arthur Hayes making bold predictions on WORM. Notably, his recent comments have further fueled optimism for the asset’s rally ahead as already positive sentiment hovers in the broader crypto market.
Deep Worm Price Soars Gaining Arthur Hayes’s Interest
Deep Worm’s meteoric rise underscores the growing traction in the meme coin niche, a segment often driven by community sentiment and speculative investment. The token’s performance aligns with a broader trend of investors exploring high-risk, high-reward assets despite ongoing market volatility.
Arthur Hayes, known for his candid takes on cryptocurrency, recently shared an enthusiastic post on X about WORM. He described it as a narrative-driven DeSci (Decentralized Science) project with “questionable” utility. However, the BitMEX co-founder suggested that WORM has the potential to record a massive valuation, saying, “Are you ready for the moon? $WORM to a billy.”
Notably, this is a sudden shift from Hayes’s previous stance, where he expressed caution towards the meme coins due to macroeconomic uncertainties. His bullish outlook now appears to have bolstered the broader market confidence in the sector.
Meanwhile, adding to the momentum, the Deep Worm price surge comes amid a broader crypto rally tied to post-election optimism following Donald Trump’s victory. Investors speculate that favorable regulatory changes could further fuel the sector’s growth in the coming days.
WORM Rallies 180%
According to CoinGecko data, WORM price today surged nearly 180%, hitting a 24-hour high of $0.0882, while its one-day trading volume hits $40.91 million. However, during writing, the Deep Worm price noted a slight decline and exchanged hands at $0.06767.
However, the market anticipates the rally to continue as market experts are shifting their focus towards the asset. In other words, endorsements from popular figures like Arthur Hayes carry weight in the crypto space, which often impacts the market sentiment.
For context, Hayes has previously endorsed the Solana meme coin Goatseus Maximus, following which the GOAT price noted a robust rally. Having said that, his recent enthusiasm for WORM signals a potential shift in the meme coin landscape, encouraging traders to bet on its future.
Meanwhile, the gains also come amid growing interest in the top meme coins, as evidenced by the surge in the leading players in the sector. Besides, the anticipation over pro-crypto policies and a clear regulatory path with Donald Trump’s US election win has further fueled hopes over a continuing rally in the broader crypto market ahead.
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