Memecoins
How Institutions and Retail Shape Memecoin Investments
DUBAI, United Arab Emirates, June 4, 2024 /PRNewswire/ — Bybitone of the world’s top three crypto exchanges by volume, has released a new report: “Beyond the Hype: The Realities of Institutional Investing in Memecoin”.
This analysis highlights the involvement of institutions and individuals in the memecoin market, providing insights to investors and newcomers. The full report is now available, offering an in-depth analysis of Bybit data and trends that will shape the memecoin landscape in 2024.
New report from Bybit: How institutions and retail are shaping Memecoin investments
Tripling of institutional holdings in Memecoin
One of the report’s most compelling findings is the dramatic increase in institutional holdings of memecoins. From February to March 2024, institutional investors saw their spot holdings of memecoins increase from $62.5 million to $204.8 million. This 226% increase highlights substantial investor interest in the memecoin market. The full report shows what this means for the future of memecoin investments.
Massive Trading Volume in Perpetual Contracts
Institutions traded a staggering $186.6 billion worth of memecoin perpetual contracts in the first quarter of 2024. Although they have maintained a cautious approach towards spot holdings, their aggressive trading of perpetual contracts demonstrates a sophisticated engagement with the volatile memecoin market. The full report allows readers to better understand how these flows affect memecoin and crypto investments.
Retail investors demonstrate dynamic adjustment and resilience
Contrary to the stereotype that retail investors are “dumb money,” the report highlights their ability to adapt. Retail holdings of memecoins soared 478% from February to April 2024, peaking at $567 million before declining to $371 million. This dynamic adjustment reflects strategic moves by institutional investors, indicating a high level of market knowledge and responsiveness among retail traders.
Find out more
“Our ‘Beyond the Hype’ report shows that institutional and retail investors are actively exploiting the opportunities presented by the memecoin market,” said Eugene Cheung, Head of Institutions at Bybit. “The strategic agility of institutions and dynamic management by retail investors reflect a sophisticated commitment to these assets. We invite everyone to delve into the full report to better understand these important dynamics.
Download the full report here
#Bybit / #TheCryptoArk
About Bybit
Bybit is one of the top three cryptocurrency exchanges in the world by volume, with 30 million users. Established in 2018. It offers a professional platform where crypto investors and traders can find a lightning-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of the reigning Formula 1 constructors’ and drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | Tic Tac | X | Youtube
SOURCE Flow