Memecoins
News Explorer – Turns out institutions love meme coins Dogecoin and Shiba Inu: Bybit
June 6, 11.29am
Coindesk
It turns out that institutions love meme coins Dogecoin and Shiba Inu: Bybit
According to Bybit, institutional allocations to meme coins have increased more than 300% this year, reaching a peak of nearly $300 million in April. Dogecoin and Shiba Inu have been the top picks among institutional investors due to their high liquidity. The Solana BONK meme token was the hottest new meme coin, attracting over $75 million in institutional bets. However, holdings fell to $125 million in May as institutions took profits.