Dogecoin, Shiba Inu, PEPE Top Institutional Investors Meme Coin Holdings, How Much Did They Buy?
Summary
Institutional investors heavily invested in meme coins like Dogecoin, Shiba Inu, and Pepe between February and March, with holdings increasing to $293.7 million in April but dropping to $139 million by May. Retail investors also saw a 478% increase in meme coin holdings from February to April, but reduced their allocation from $567 million to $371 million. Dogecoin is the largest holding for both institutional and retail investors, accounting for 36.17% and 24.58% of their meme coin portfolios, respectively. Shiba Inu and Pepe also account for a significant portion of both types of investors' meme coin holdings.
