- Wintermute has not too long ago taken a optimistic stance in the direction of meme cash.
- The corporate holds a key place in Goatseus Maximus (GOAT).
- Wintermute is seeking to dethrone DWF Labs because the primary market maker.
Main market maker Wintermute plans to dominate the meme coin market making trade, surpassing rival DWF Labs. The agency has adopted a extra aggressive model in latest months, growing its publicity to Gothseus Maximus (GOAT).
Crypto analyst @ai_9684xtpa posted on X that Wintermute is actively buying GOAT, reflecting the “growing specialization of meme tracks.” The analyst additionally shared Wintermute meme coin holdings.
As prime market makers enter the meme coin market, analysts ask what’s the distinction between the varied meme cash. Wintermute's GOAT place worth is $721 million, whereas PEPECOIN and MOODENG's holdings are $908 million and $772 million, respectively.
Wintermute’s Meme Coin Portfolio
Wintermute's meme market-making portfolio consists of MONKE, MOG, MEW, APU, SPX, NEIRO, and PEPE. PEPECOIN, MOODENG, and GOAT are the highest 3 holdings, whereas the others are within the prime 10. Wintermute additionally owns POPCAT, $michi, BONK, WIF, FLOKI, MOTHER, BABYDOGE, COK, and DEGEN.
Associated article: Solana memecoin market cap soars to $12.2 billion, WIF leads the pack
Based on knowledge from CoinMarketCap, the market capitalization of the memecoin sector rose 6.4% previously 24 hours to succeed in a whopping $70 billion, with the whole quantity traded available on the market amounting to $11 billion. Nearly all of tokens within the memecoin area have been bullish over the previous day as Bitcoin regained the $72,000 worth stage.
Memecoin sector leaders Dogecoin (DOGE) and Shiba Inu (SHIB) rose 6.8% and 4.6%, respectively, previously 24 hours. DOGE has recorded a major rally over the previous 7 days, gaining 27.6%.
Disclaimer: The data contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any variety. Coin Version is just not accountable for any losses incurred on account of the usage of the content material, merchandise, or providers talked about. We encourage our readers to conduct due diligence earlier than taking any motion associated to our firm.
