Memecoins
Institutional holdings of meme coins have increased since January | video
The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let’s take a look at the chart of the day. Institutional appropriations for meme coins have increased more than 300% this year, reaching a peak of nearly $300 million in April. According to the cryptocurrency exchange, Bibi Dogecoin and Shiba Inu have been favored among institutional investors for their liquidity. And Solana’s meme token B has emerged as one of the most popular new meme coins, attracting over $75 million in institutional bets. Holdings were tracked exclusively by it and do not include those on other exchanges. And that’s it for today’s chart of the day. I’m Helene Braun replacing Jensen Asi and I’ll see you next time.