Institutions Are Buying MEMECOINS?! All You Need To Know!
Published: 2024-05-12
Status:
Available
|
Analyzed
Published: 2024-05-12
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Stratos began buying WETH at around $0.01 in December, resulting in a 300x return.
"as an example we started buying with at around 1 cent in December delivering a 300X return since then"
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Dogecoin originated the meme coin genre in 2003.
"after Dogecoin birth the memec coin genre in 2003"
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A lawsuit alleged Elon Musk was behind $124 million in Dogecoin sales in April of the previous year.
"last year a lawsuit alleged that he was behind the sale of $124 million in Doge in April"
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During the 2021 bull run, Shiba Inu was supported by venture capitalist Xu Manzi.
"during its day in the sun in the 2021 Bull Run she was shielded on weebo by the Chinese American billionaire XU manzi he actually is Aventure capitalist"
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BCHain raised $100 million in a funding round with top crypto VCs.
"bar chain recently raised $100 million in a funding round with some of the top VCS in crypto"
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Solana meme coin Bonk experienced a parabolic rally, gaining an average of 45% daily for a week.
"the salana mcoin Bonk hit escape velocity beginning a parabolic rally that saw it gain an average of 45% every day for the next week"
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DWF Labs announced a further $10 million purchase of Floki within 24 hours.
"the very next day DWF Labs doubled down announcing that it would buy another $10 million worth of Floy over the next 24 hours"
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Bonk's rally coincided with a significant increase in user addresses and activity on Solana.
"the author points to the example of Bonk where a rally in the mem coin coincided with a massive increase in activity user addresses on salana"
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Meme coins experienced spectacular FOMO and significant gains for individuals.
"the sound of people turning dog tokens into Lamborghinis became impossible to ignore and the fomo was spectacular"
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Meme coins in crypto can regularly deliver 10x to 100x returns for retail investors.
"crypto is the only asset class in the world where returns of 10 50 even 100x or more are not only possible but a regular occurrence for retail investors"
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A $50 investment in a successful Solana meme coin could potentially grow to $500 or $5,000+. There is also a high chance of it being a scam.
"let's just say you pun $50 on a newly launched mcoin on salana there's a good chance that it's some kind of scam and you'll walk away empty-handed but if it isn't then you might just see that $50 balloon into 500 or in extreme cases even $5,000 or more"
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Stratos, a crypto VC, achieved a 109% net gain for its liquid token fund in Q1.
"Stratos a backer of early stage crypto projects which recently boasted gains of 109% net for its liquid token Fund in q1"
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A16z's Edie Lazarin views meme coins as making a mockery of crypto and at best resembling a risky casino.
"a16 Z's Edie lazarin meem coins make the mockery of crypto he says and I quote at best it looks like a risky casino"
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Meme.com, an NFT marketplace for meme-adjacent NFTs, received access to Polygon Labs' $100 million NFT promotion fund and raised $5 million from various VCs.
"Meme.com which is a bit like a barebones brown coin market cap but for the meme adjacent nfts Meme.com was given access to an undisclosed portion of polygon Labs 100 million nft promotion fund and also rais $5 million from VCS including outli Ventures digital Finance group Morning Star block hype and Spark digital Capital"
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Digital Finance Group views meme markets like Meme.com as promising and innovative ways to empower users who create trends.
"we believe that memes and meme markets such as meme.com are a promising and Innovative way to empower users who find or create trends"
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DWF Labs announced a $5 million purchase of Flaky Token, which is associated with Elon Musk's Shiba.
"DWF laabs announced it would buy $5 million worth of flaky token from the flaky ecosystems treasury flaky is of course the name of Elon musk's shibu"
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In Q1, approximately 5,000 new tokens launched daily on Solana, with most being meme coins.
"almost 5,000 new tokens were launched every day on salana and q1 and it appears that the vast majority of these were memes"
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$100 million was raised in meme coin pre-sales over a 72-hour period, involving sending SOL to random Twitter addresses.
"over one 72-hour period $100 million was raised in pre-sales in which budding investors would send salul two random wallet addresses posted on Twitter in the hopes of receiving an early allocation"
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The Sloth meme token recorded $1.7 billion in trade volume and a $528 million market cap by the end of March.
"the slur token recorded $1.7 billion in trade volume and reached a $528 million market cap by the end of March"
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The top 10 meme coins achieved an average quarterly gain of 1,300% in Q1.
"the top 10 mem coins printed an average quarterly gain of 1,300%"
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The Shiba Inu team raised $1 million from 18 top crypto VCs in a private sale of their new meme token, Treat.
"the Shiva Eno team announced that it had raised $1 million from 18 top crypto VCS in a private sale of its newest meme token treat"
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Brevan Howard, with $20 billion in AUM, made a 'tiny' investment in meme coins.
"brevan Howard ConEd that it had made and I quote a tiny investment in mem coins Braven Howard has $20 billion in assets under management"
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Franklin Templeton acknowledged that meme coins, despite having no inherent value and high volatility, offer opportunities for quick profits.
"Franklin Templeton shared with investors sandwich in between the obligatory statements about how meme coins have and I quote no inherent value and see a lot of price volatility the author acknowledges that they provide opportunities for investors to make quick profits"
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Meme coins have the potential to greatly enhance entire blockchains.
"mcoins can greatly enhance entire blockchains"
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Meme coins are seen as the 'Trojan Horse' for crypto, serving as the simplest gateway to onboard new users to DeFi and Web3.
"mean coins are the Trojan Horse for crypto and the simplest gateway to onboarding the Next Generation to experience the latest defi applications and introduced them all to web 3"
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Meme coins are considered the pinnacle of internet culture and represent tokenized attention.
"Liyi argues that Meme coins are the Pinnacle of Internet culture and represent tokenized attention"
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Andrew Kang discusses a new generation of meme coins called 'culture coins'.
"a new generation of post animal coins that he calls culture coins"
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Mechanism Capital is investing in culture coins that appeal to large real-world communities, have strong token communities, and compelling marketing campaigns.
"mechanism Capital has been buying culture coins that and I quote We Believe can appeal two large real world communities of exceptional culture and that have a strong team token Community behind them and have compelling marketing campaigns ahead"
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In Q1, meme coins drove significant retail FOMO into crypto for the first time in years.
"inq1 memes brought significant retail film to crypto for the first time in years"
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Meme coins have diverted attention from traditional VC-associated token launches and airdrops.
"they also stole the from exactly the kind of lowf flow Blockbuster token launches and shiny airdrop coins that are closely associated with VCS"
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Individuals working at financial institutions are likely trading meme coins even if their funds are not officially allocated.
"if the fund isn't doing it the people working at the fund are doing it"
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The meme coin meta may still have room for growth.
"the meta probably still has room to run"
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