DubaiThe United Arab Emirates, June 4, 2024 /CNW/ — PayBit, one of the three largest companies in the world encryption Volume exchanges have released a new report: “Beyond the Hype: The Realities of Institutional Memecoin Investments.”
This analysis highlights institutional and retail participation in the memecoin market, providing insights for investors and new entrants. The full report is available now, providing an in-depth look into Bybit’s data and trends shaping the memecoin landscape in 2024.
Institutional Memecoin holdings tripled
One of the report’s most compelling findings is the significant increase in institutional memcoin holdings. From February to March 2024institutional investors saw a significant rise in their spot holdings of meme coins $62.5 million to $204.8 million. This 226% increase highlights the significant investor interest in the memecoin market. The full report explains what this means for the future of memcoin investments.
Huge trading volume in perpetual contracts
Institutions traded amazingly well $186.6 billion worth of memecoin perpetual contracts in Q1 2024. While they have maintained a cautious approach to spot holdings, their aggressive trading in perpetual contracts shows an evolving reaction to the volatile memecoin market. The full report allows readers to understand more about how these flows impact memecoin and encryption Investments.
Individual investors demonstrate dynamic adaptation and flexibility
Contrary to the stereotype of retail investors as “dumb money,” the report highlights their ability to adapt. Retail memecoin holdings rose 478% from February to April 2024reached its peak at $567 million Before reducing to $371 million. This dynamic adjustment reflects the strategic moves of institutional investors, indicating a high level of market awareness and response among retail traders.
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“Our ‘Beyond the Hype’ report shows that institutional and retail investors are actively taking advantage of the opportunities presented by the memecoin market,” he said. Eugene Cheung, President of Paybit Enterprises. “The strategic flexibility of institutions and dynamic management by individual investors reflects an evolving engagement with these assets. We invite everyone to dive into the full report to better understand these important dynamics.”
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Download the full report here
https://www.bybit.com/en/press/post/bybit-s-new-report-how-institutions-and-retail-are-shaping-memecoin-investments-bltf1bce903ac558cf7
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About Paybit
Bybit is one of the top three in the world Cryptocurrency Exchanges by volume with 30 million users. It was founded in 2018. It provides a professional platform where encryption Investors and traders can find a super-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: Paybit
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