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Institutional holdings of #memecoins have surged to 300M since January, led by $DOGE , $SHIB and $PEPE #Binancefeed #TrendingTopic

Institutional holdings of #memecoins have surged to 300M since January, led by $DOGE , $SHIB and $PEPE

#Binancefeed #TrendingTopic

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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. #EthereumMemecoin #TrendingTopic
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A Chinese student, Yang Qichao, has been sentenced to 4 years and 6 months in prison and fined 30,000 yuan ($41,000) for issuing a fraudulent cryptocurrency, BFF, on Binance's BNB Chain. This marks China's first criminal trial involving #cryptocurrency issuance. Yang was accused of injecting and then withdrawing liquidity from $BFF, causing its value to plummet and leading to significant losses for investors. The trial highlighted the complexities surrounding the legal status of virtual currencies in China. #BFF #Binance #Cryptoscam #TrendingTopic
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📈 If #GameStop shares hit $65, Roaring Kitty's (Keith Gill) #GME position could reach $1 billion. After an initial $174 million investment, his shares and call options are now valued at $586 million, up 119% and 376% respectively. #RoaringKitty #TrendingTopic
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📈 Solana-based $GME memecoin surged over 150% following Keith Gill's announcement of his return to YouTube. However, it dropped by 24% in the past hour, trading at a $150M market cap. #GME memecoin saw a 730% increase since June 2. #GameStop #GMEonsol #SolanaMemeCoins #TrendingTopic
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💥 #HongKong is set to approve staking for spot #Ethereum ETFs, with several local firms seeking regulatory approval. Animoca Brands Chairman, Yat Siu, sees this move as a significant step for the region's crypto market, potentially surpassing the U.S. in #ETF offerings. #EthereumETF #TrendingTopic
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