1/🧵. Meme coins are no longer just for retail investors. At the start of this year, institutional investments in meme coins were $63 million. By April, this surged to nearly $300 million. Popular coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are leading this trend.
#cent #inleo #threadstorm
2/🧵. Aside from DOGE and SHIB, a new meme coin called BONK from the Solana ecosystem is gaining attention. Institutional investors have put over $75 million into BONK, showing their interest in newer meme coins.
3/🧵. Institutional investors are attracted to meme coins for their potential high returns and diversification benefits. By investing in these coins, they can engage with blockchain networks indirectly without heavily investing in major coins like Bitcoin or Ethereum
https://inleo.io/@iammystical/why-institutional-investors-are-betting-big-on-meme-coins