Sorting out the holdings of five major crypto market makers in MEME coins: Wintermute's large bet on high win rates from Binance listings, while most institutions are positioning in established projec

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PANews
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4 hours ago

Author: Nancy, PANews

With the continuous expansion of the market scale and the gradual maturity of operational models, MEME is gradually moving towards scaled and institutional operations. Among them, the participation of some crypto market makers is also increasing, which will further promote the continuous improvement of liquidity and stability in the MEME market.

This article by PANews summarizes the MEME coin holdings of five crypto market makers, including Wintermute, GSR Markets, Auros Global, B2C2 Group, and Cumberland DRW. These institutions collectively hold MEME coins worth over $120 million, with Wintermute being the institution with the largest holdings and covering the most popular projects. Several of its held MEME coins have successfully launched on Binance, indicating its deep layout and influence in the MEME coin field. In contrast, other institutions have smaller holdings, primarily focusing on established MEME coins like PEPE and SHIB, with significant transfers or sell-offs occurring on multiple platforms.

It is worth mentioning that DWF Labs, which previously made a high-profile layout in MEME, no longer holds any MEME projects in its public address, possibly related to increased U.S. regulatory scrutiny on MEME market makers. In early October this year, several market makers, including Gotbit, ZM Quant, and CLS Global, were accused by multiple U.S. regulatory agencies of operating in the MEME market, with the operator of MyTrade pleading guilty and the CEO of Gotbit being charged by the U.S. Department of Justice for allegedly orchestrating large-scale fraudulent trading.

Wintermute: Holds over $110 million, 68% of MEME coins successfully launched on Binance

Summary of the MEME coin holdings of five major crypto market makers: Wintermute's large bets achieve a high success rate for Binance listings, while most institutions focus on established projects

According to Arkham data, as of November 8, Wintermute holds 19 MEME coins worth over $1 million, with a total holding value exceeding $110 million. The top three projects by holding value are MOODENG, GOAT, and PEPE, which together account for 40.9% of Wintermute's overall MEME holdings. Moreover, most of these MEME coins come from Ethereum and Solana, and many are popular projects.

It is noteworthy that among the 19 MEME coins held by Wintermute, 13 projects have successfully launched on Binance, accounting for as much as 68.4%, indicating that this institution seems to have become a bellwether for MEME coin listings on Binance.

GSR Markets: Still holds over $5 million in NEIRO, multiple large transfers may provide liquidity

According to Arkham data, as of November 8, GSR Markets holds over 48.51 million NEIRO (uppercase), accounting for 4.8% of the total supply of this token, valued at over $5.08 million. Since October, GSR Markets has transferred NEIRO worth over $99.13 million to the exchange Bybit in multiple transactions, but Spot On Chain monitoring suggests that this operation may aim to provide more liquidity rather than sell.

Auros Global: Holding value around $330,000, frequent transfers of NEIRO in the past month

According to Arkham data, as of November 8, Auros Global mainly holds PEPE, NEIRO (both uppercase and lowercase), and SHIB, with a holding value of $330,000, of which only PEPE is valued at $197,000. Notably, since September 30, Auros Global has been frequently transferring lowercase NEIRO to exchanges like Binance and Uniswap, with each transfer being below $70,000.

B2C2 Group: Only holds nearly $7 million in SHIB

Currently, B2C2 Group only has significant holdings in SHIB. According to Arkham data, as of November 8, B2C2 Group holds SHIB valued at $6.89 million. Since the beginning of this year, B2C2 Group has been transferring large amounts of SHIB to platforms like Coinbase and Robinhood, with individual amounts often in the millions of dollars.

Cumberland DRW: Holds nearly $230,000 in PEPE and SHIB, has sold millions in the past few months

Cumberland DRW has also chosen to hold established MEME coins, but with a smaller allocation. According to Arkham data, as of November 8, Cumberland DRW holds approximately $210,000 in PEPE and $18,000 in SHIB. In recent months, Cumberland DRW has gradually transferred millions of dollars worth of PEPE and SHIB to platforms like OKX, Robinhood, and FalconX.

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