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Meme Coin Institutional Holdings Surged Since January, Led by Dogecoin, Shiba Inu, Pepe

Altszn.com by Altszn.com
June 6, 2024
in Blockchain, Crypto, DeFi, Web3
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Meme Coin Institutional Holdings Surged Since January, Led by Dogecoin, Shiba Inu, Pepe
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“This suggests that while both groups view DOGE as a staple asset within the memecoin space, institutions favor it more, perhaps due to its higher liquidity and relative stability,” Bybit said. “Both cohorts also enjoy Ethereum-based memecoins (PEPE) and (SHIB), with retail users holding 20.95% and 14.61% respectively, compared to institutions’ 22.23% and 10.39%.”

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Read More: www.coindesk.com

Tags: coinDeFiDogecoinHoldingsInstitutionalInuJanuaryLedMemePepeShibasurged
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