In the world of cryptocurrency, small retail investors may be feeling the pressure of market downturns, but institutional investors are taking a different approach. According to a recent report by CoinShares, institutional crypto investors poured a total of $308 million into digital asset investment vehicles last week, despite a significant outflow of $1 billion in the final 48 hours. The report notes that these outflows represent just 0.37% of total assets under management (AuM) and ranks as the 13th largest single-day outflow on record.
Price corrections in the digital asset market led to a reduction of $17.7 billion in total assets under management for exchange-traded products (ETPs). CoinShares attributes this decrease to the market’s response to economic projections released by the Federal Open Market Committee (FOMC) on December 18, which forecast a 2.5% growth rate for the US economy in 2024 and 2.1% in 2025.
While multi-asset investment products experienced significant outflows totaling $121 million last week, Bitcoin ($BTC) and Ethereum ($ETH) saw net inflows of $375 million and $51 million, respectively. Whales, or large investors, played a significant role in the inflows for Ethereum, with more than $1 billion worth of ETH acquired despite the current correction phase. In addition, Ethereum exchange-traded funds (ETFs) saw net inflows of $62.73 million between December 16 and December 20, bringing the total historical net inflow to $2.328 billion.
Whale activity is not limited to Ethereum, as Dogecoin ($DOGE) has also seen increased whale activity with recent transactions totaling $23.5 million and $34 million. Typically, whale inflows signal investor confidence and can act as a precursor to a crypto rally, indicating a potential change in market sentiment. This is good news for meme coin newcomers like Pepe Unchained ($PEPU), Crypto All-Stars ($STARS), and Wall Street Pepe ($WEPE), which is currently on presale and aiming to challenge insider trading practices by empowering retail investors.
Despite the overall market downturn, the Wall Street Pepe token has been seeing significant interest in its presale. Over the past 21 days, $WEPE has raised over $35 million, including $1.67 million in the past 24 hours. This success raises the question of whether $WEPE could become the new leader in the meme coin market. With a current price of $0.000365, $WEPE presents an attractive early-bird investment opportunity for those looking to support its mission of empowering retail investors in the crypto space.
As the market landscape continues to evolve and institutional investors make strategic moves, it may be time for retail investors to take the lead. By conducting thorough research (DYOR) and exploring opportunities like the $WEPE token, retail investors can participate in shaping the future of the cryptocurrency market while potentially benefiting from the expertise and insights shared by projects like Wall Street Pepe. Remember, this article is not financial advice, so make sure to visit the official website, read the whitepaper, and explore other resources to make informed decisions in the crypto space.
