Dubai,United Arab Emirates, June 4, 2024 /CNW/– BybitOne of the top three in the world Cipher Memecoin, the world’s second-largest exchange by trading volume, has released a new report, “Beyond the Hype: The Reality of Institutional Memecoin Investments.”
The analysis sheds light on institutional and retail investor involvement in the meme coin market, providing insights for investors and newcomers. The full report is available now and provides an in-depth analysis of Bybit data and trends that will shape the meme coin landscape in 2024.
Institutional holdings of meme coins triple
One of the most compelling findings from the report is the dramatic increase in meme coin holdings by institutional investors. March 2024Institutional investors have been holding meme coins $62.5 million To $204.8 millionThis 226% surge shows that investors are taking a lot of interest in the meme coin market, and in the full report we show what this means for the future of meme coin investing.
Huge trading volume in perpetual contracts
Institutional investors are astounding $186.6 billion In Q1 2024, the total volume of meme coin perpetual contracts reached $10 million. While remaining cautious towards spot holdings, active trading in perpetual contracts indicates sophisticated involvement in the volatile meme coin market. Read the full report to further understand how these flows will impact meme coins. Cipher investment.
Retail investors demonstrate dynamic adjustment and resilience
Contrary to the stereotype that retail investors are “dumb money,” the report highlights their adaptability: Retail holdings of meme coins have soared 478% since February. April 2024peak hours $567 million Before reducing $371 millionThis dynamic adjustment reflects the strategic moves of institutional investors and demonstrates how retail investors are more aware and responsive to the market.
Discover more insights
“Our report, Beyond the Hype, shows that institutional and retail investors are actively taking advantage of the opportunities the meme coin market offers,” Eugene Chan“The strategic agility of institutions and the dynamic management of retail investors reflect their sophisticated engagement with these assets. We encourage you to read the full report in detail to gain a deeper understanding of these important trends,” said Bybit’s Head of Institutional Business, David.
The full report can be downloaded here
https://www.bybit.com/en/press/post/bybit-s-new-report-how-institutions-and-retail-are-shaping-memecoin-investments-bltf1bce903ac558cf7
#Bybit / #TheCryptoArk
About Bybit
Bybit is one of the top three in the world Cryptocurrency With 30 million users, it boasts the world’s largest trading volume. Founded in 2018. Provides a professional platform. Cipher Investors and traders can take advantage of a lightning-fast matching engine, 24/7 customer service and multilingual community support. Bybit is a proud partner of the Formula 1 Constructors’ and Drivers’ Champions, Oracle Red Bull Racing team.
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Source: Bybit
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