Wintermute has added $MANEKI to its memecoin market-making roster, acquiring 3% of the token’s total supply.
This move, announced just 19 hours ago, brought 267 million $MANEKI tokens valued at $1.77 million to Wintermute’s holdings. With the tokens now recharged across major exchanges, Wintermute’s stake in $MANEKI currently sits at $1.94 million. Following the announcement, the price of $MANEKI spiked by nearly 40%, highlighting the token’s increased market visibility and investor interest.
Memecoins Among Wintermute Top Holdings
Wintermute’s memecoin strategy includes top-tier listings, with 14 out of its 25 largest holdings now available on Binance, making up 56% of its major assets. These include high-profile tokens like $PEPE, $BONK, $SHIB, and $FLOKI. Some of these tokens have also been launched on futures markets, such as $PEPE, $WIF, and $SHIB, reflecting Wintermute’s strategy to capture both spot and derivative markets.
🤩全新升级版 —— Wintermute Memecoin 做市项目一览
– 新增「发行网络 / 持仓占比」两大指标
– 将 TOP20 持仓拓展至 TOP25
– 更新近期代币市值和做市项目变化你或许会对这个新变化感兴趣：今日 $MANEKI 成为 Wintermute 最新做市 Memecoin 项目，持有其 3% 总量的代币，币价已上涨近 40%🔍 https://t.co/1sa60fYPFA pic.twitter.com/pzUaHjTfY0
— Ai 姨 (@ai_9684xtpa) November 8, 2024
Interestingly, Wintermute’s holding ratio varies with market cap size; generally, the higher a token’s value, the lower Wintermute’s stake percentage. For example, $GOAT, with a market value of over $500 million, represents Wintermute’s largest holding at 6.58%. Meanwhile, $SHIB, the highest market-cap project in Wintermute’s portfolio, accounts for just 0.047% of Wintermute’s holdings.
This strategic approach positions Wintermute as a dynamic player in the memecoin market, leveraging a mix of high-profile holdings, exchange listings, and market diversity. Wintermute’s involvement not only helps boost visibility but also drives liquidity for emerging and established tokens alike.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.