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A recent report by cryptocurrency exchange Bybit highlights the growing popularity of meme coins among both institutional and retail investors. Institutional allocations to spot-market meme coins have increased by more than 300% in 2024, reaching a peak of nearly $300 million in April. Leading the surge are popular meme coins such as DOGE, SHIB, and PEPE. The report, titled 'Beyond the Hype,' also notes the adaptability of retail investors in the booming memecoin market. Institutional holdings surged 226%.
🚀 Bybit's latest report reveals the booming memecoin market! 📈 Institutional holdings surged 226%, and retail investors showed adaptability. Dive into "Beyond the Hype" for key insights! 🌐 Read the full report here: https://t.co/1ZE1PGcBCQ https://t.co/x7D7RSN9kC
Institutional holdings of meme coins have surged to 300M since January, led by $DOGE, $SHIB, and $PEPE, according to @Bybit_Official https://t.co/31EbYf2HRv
INSTITUTIONS ARE BUYING UP HUNDREDS OF MILLIONS IN MEMECOINS - According to leading cryptocurrency exchange @Bybit_Official, institutional holdings of memecoins have surged by more than 300% in 2024. - Peak holdings were seen in April of nearly $300 million, only including data… https://t.co/FToPjLx6fS https://t.co/v7jsBtWQ6t
