Wintermute, one of the leading market makers in the cryptocurrency space, has seen impressive success with its meme coin portfolio. A recent analysis reveals that 64% of Wintermute’s top 25 meme coins are now listed on Binance, the largest crypto trading platform.
Once listed, these tokens benefit from Binance’s platform’s significant liquidity and brand effect, which boosts their value and trading volume. This high listing rate highlights Wintermute’s ability to identify and back promising tokens.
According to the data, six of these tokens have both futures and spot markets available, while the others trade only in the futures market on Binance.
Wintermute’s Top Meme Coin Holdings
Among the notable meme coins that Wintermute holds, NEIRO stands out, with 13.57% holding percentage. Meanwhile, GOAT has recently overtaken MOODENG to become Wintermute’s top meme coin holding, while POPCAT’s value has surged to $18.1 million.
However, several tokens in Wintermute’s portfolio are still to be listed on Binance, meaning they hold future growth potential. These include PEPECOIN, SPX, MOTHER, REKT (a new project added three days ago), and BENJI, the lowest market cap coin in Wintermute’s top 25 holdings.
What Gets Listed on Binance?
The analysis outlines several common traits of meme coins listed on Binance. These include strong community engagement and a market cap between $10 million and $500 million. Additionally, Wintermute generally holds at least 1% of the token at the time of listing.
Ultimately, the analysis emphasized that Wintermute’s strategic selection of tokens and deep involvement in the meme coin market is creating a win-win scenario: Wintermute provides liquidity and brand support, while Binance’s listing effect drives value for both the tokens and their backers.
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