Wintermute Holds 4M Pepecoins, 1.07M BasedAI Tokens, Boosts Meme Coin Sector Amid DeFi Decline

As decentralized finance (DeFi) experiences a downturn, the meme coin sector is gaining traction, particularly with notable players like Pepecoin and Raboo. Wintermute, a prominent market maker, has reported significant holdings in these assets, with 4 million Pepecoins and 1.07 million BasedAI tokens. Wintermute's strategy includes partnerships with various projects to enhance liquidity across both centralized and decentralized exchanges. The firm is recognized for its substantial positions in several major meme coins, including Ponke, Dogwifhat, Floki, Bonk, Mog, and Apu, indicating a bullish outlook on the meme coin market. Additionally, the meme-backed stablecoin initiative, which includes Pepecoin, is gaining attention, with proposals for further backing from other memes.