Institutional Investors’ Interest in Memecoin Increased by 300 Percent! Here are the 4 Indispensable Altcoins for Their Portfolios!

Memecoins While it is always in the focus of investors due to its speculative structure, the leading cryptocurrency exchange A new report about memecoins came from Bybit.

According to the ByBit report, institutional investors have invested hundreds of millions of dollars in memecoins this year, while institutional investment in memecoins has increased by more than 300% in 2024.

According to Bybit’s data, corporate investments reached their peak in April with 300 million dollars.

Institutional investors invested in memecoins that had superior and solid market capitalization compared to new memecoins.

According to the ByBit report, institutions especially Dogecoin (DOGE) and Shiba Inu (SHIB) while buying, BONKhas gained more traction among new memecoins, with institutions purchasing $75 million worth of tokens.

According to data, institutional investors account for 36% of their portfolios; Individual investors allocated 24.5% to DOGE.

In the report, institutional and individual investors also PEPE and SHIB While it was stated that it also purchased PEPE and SHIB in the portfolios of individual investors, 20.95% and 14.61%, respectively; It was stated that corporates allocated 22.23% and 10.39%.

Stating that these data reveal that memecoins are attracting interest from institutional investors, ByBit analysts wrote:

“This data shows that while both groups view DOGE as a core asset in the memecoin space, institutions prefer it more, perhaps due to its higher liquidity and relative stability.

Both groups (individual and institutional investors) are buying Ethereum-based memecoins (PEPE) and (SHIB). “Retail investors hold PEPE and SHIB at 20.95% and 14.61% in their portfolios, respectively, and institutional investors hold 22.23% and 10.39% of PEPE and SHIB.”

*This is not investment advice.