While 2024 will be the year of memecoins, especially Solana (SOL)-based memecoins attracted a lot of attention.
While both institutional and retail investors have been buying heavily in SOL-based memecoins, one of them has been Wintermute, a leading market maker in the cryptocurrency industry.
Wintermute, who has been buying many memecoins, most recently bought Solana-based memecoins MICHI and GOAT.
According to Onchain data, Wintermute has acquired MICHI and has become the third largest holder.
Accordingly, Wintermute began accumulating MICHI and purchased 5.56 million MICHI worth $1.4 million. With this purchase, it became the third largest owner of MICHI.
MICHI, which has gained 2.2% in the last 24 hours, continues to be traded at $0.26 at the time of writing.
MICHI isn’t the only memecoin Wintermute has accumulated. Wintermute has also purchased GOAT, one of the most talked-about altcoins of recent times.
An address belonging to Wintermute currently holds 14.29 million GOAT (8.24 million), making Wintermute the second largest holder of GOAT.
The address currently also holds 10.61 million MOODENG, 7.01 million PONKE, and 5.43 million MEW.
GOAT, which rose to $0.90 in the past days, continues to be traded at $0.681 with a 2% decrease in the last 24 hours.
*This is not investment advice.