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Institutional investors' interest in #memecoins has surged by 300% in 2024, according to a ByBit report. The most popular investments include Dogecoin $DOGE, Shiba Inu $SHIB, $PEPE, and $BONK
Institutional investors allocated significant portions of their portfolios to these coins, particularly $DOGE and $SHIB , due to their liquidity and stability. The report highlights a strong preference for Ethereum-based memecoins among both individual and institutional investors.
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