According to ChainCatcher, K24 Ventures, a global tier-one crypto venture capital firm, announced today the launch of its active on-chain secondary fund. The initial fund size is US$5 million, focusing on investing in secondary market transactions of on-chain digital assets.

The fund's investment strategy will combine on-chain research, whale analysis, community consensus and other screening tools, with a special focus on early-stage meme coin projects.

K24 Ventures believes that meme coins have become an important part of crypto culture and have huge investment potential. The fund plans to achieve significant returns in the future by investing in on-chain assets and early meme coins.

K24 Ventures was founded in 2019. Its primary venture capital fund focuses on multiple areas of the crypto industry, including infrastructure, DeFi, AI, GameFi, and early-stage investments in the Bitcoin ecosystem. K24 Ventures also provides a full range of support services for its investment projects to help them develop in the long term.