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?
