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.
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.