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Which coins are crypto funds buying?

Which coins are crypto funds buying?
CryptON
20/11/2024
Authors: CryptON
#Earning Strategy
#ArbitrageScanner
#Research and Analysis

What Tokens Are Crypto Funds Buying?

In the crypto market, venture capital funds play a significant role, with their purchases often signaling confidence and support for a project, providing essential financial backing. On the other hand, the sale of tokens by VCs to realize investment profits (known as an exit) can be interpreted by the market as a signal about the project's prospects, influencing other investors' decisions. Additionally, VCs may manage token liquidity to balance market demand.

Over the past week, venture capital activity in the cryptocurrency market has notably increased. Let's explore which tokens they have been acquiring and what this might mean for the projects.

1) PEPE

In the last 7 days, venture capitalists have increased their holdings of PEPE tokens by $125,197,797.33, equivalent to 5,976,028,512,262.41 PEPE. The total holdings of this token among funds now stand at 8,874,818,873,978.92 PEPE, with a growth rate of 206.16%. Does this confirm theories that meme tokens are the new trend of this bull market?

Which coins are crypto funds buying?

VC wallets and balances:

VC Name

Balance

Balance Value

Jump Trading

7.92T

$165.56M

Wintermute Trading

839.82B

$17.55M

Nascent

350B

$7.32M

Alameda Research

84.35B

$1.76M

B2C2 Group

84.35B

$1.76M

BloFin

52.32B

$1.09M

Tokka Labs

43.92B

$917.89K

2) Mantra DAO

 

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