Institutions' Memecoin Demand Has Grown 4 Times: They Prefer These Names Most

Institutional investors have poured hundreds of millions of dollars into the memecoin market this year.

Memecoin market left its mark on the cryptocurrency market this year. According to CoinGecko data, the total market value of memecoins increased to $69.4 billion.

Demand from Institutional Investors

According to Bybit's research, institutional investors' investments in memecoin have grown by more than 300% this year. The peak was reached in April with 300 million dollars. This reveals that memecoins are attracting interest from professional investors.

Due to the Memecoin trend, activity on the Ethereum and Solana blockchains has increased. According to analysts, one of the most important reasons for the rise in the price of Solana was memecoins. Most Searched Memecoins

Institutional investors mostly prefer Dogecoin (DOGE) and Shiba Inu (SHIB) due to the high liquidity in the spot market. Among the new memecoins that emerged this year, Solana-based BONK was the most searched name. Institutional investors made $75 million worth of transactions for BONK.

As of May 1, DOGE took the largest share in the memecoin portfolio of individual and institutional investors.

Institutional investors account for 36% of their portfolios; Individual investors allocated 24.5% to DOGE. “This implies that both groups see DOGE as a core part of the memecoin space, but institutional investors favor it more, perhaps due to its high liquidity and relative stability,” Bybit said.

According to his research, both types of investors show demand for Ethereum-based PEPE.

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