Small fish may be reacting to market-wide selling pressure, but institutional crypto investors have taken a different stance, pouring hundreds of millions into digital asset investment vehicles in the past week.
According to a CoinShares ReportDigital asset investment products saw total inflows of $308M, dwarfing December 19’s $576M outflow (the single biggest day). Total outflows in the last 48 hours of last week were $1B.
“While these outflows may sound alarming, they are only 0.37% of total AUM (assets under management), ranking as the 13th largest single-day outflow on record,” notes the report. “The largest one-day outflow occurred in mid-2022 when the FOMC (Federal Open Market Committee) interest rate hike led to an outflow of $540M (2.3% of AUM)”
The price correction, meanwhile, saw a $17.7B decrease in total AUM for digital asset exchange-traded products (ETPs), reflecting market reaction to the CoinShares economy. estimate Released by the FOMC on December 18. The US economy is forecast to grow by 2.5% this year and 2.1% in 2025.
Institutional crypto investors favor $BTC and $ETH
CoinShares adds that multi-asset investment products experienced the most dramatic outflows over the same period last week, totaling $121M.
On the other hand, Bitcoin ($BTC) saw $375M in net inflows, compared to Ethereum ($ETH) $51M. Despite $ETH’s current recovery phase, whales played a significant role in the flow of $ETH over the past few days, achieving over $1B (340K $ETH).
Meanwhile, Binance Reports That $ETH exchange-traded funds (ETFs) saw a net inflow of $62.73M between December 16 and December 20. This brings the cumulative historical net inflows of $ETH ETFs to a total of $2.328B, with a total net asset value of $12.155B. .
Whale activity to boost meme coin crypto prices
$ETH isn’t the only token attracting whales. Despite the recent decline, Dogecoin ($DOGE) has also seen an increase in whale activity, with a total of two recent transactions $23.5M and $34M respectively.
Typically, a whale signals investor confidence and acts as a precursor to a crypto rally, so it appears that market sentiment is about to change.
This is especially good news for meme coin newcomers, including recently listed Pepe Unchained ($PEPU) and Crypto All-Stars ($STARS), as well as Wall Street Pepe ($WEPE)which is currently on pre-sale.
Wall Street is a personal vendetta against the whaling trade in Pepe’s inner circle. So he is gathering an army of retail investors. And by sharing his business knowledge and market acumen with them, he would turn those little guys into whales in their own right. This is what makes $WEPE a clear and relevant goal Best meme coins This December.
Despite a broad market turndown, investors are flocking to the $WEPE presale. Since launching just 21 days ago, $WEPE has raised $35M, including $1.67M in the last 24 hours. It also raises the question: Could $WEPE be the token that ends $PEPE?
Time for retail investors to lead the charge
$WEPE current price of $0.000365 is due to rise today. Still, it would be a great early-bird investment–And an opportunity for retail and institutional crypto investors to level the playing field and support $WEPE’s mission.
But first, please make time for DYOR; This article does not constitute financial advice. Find out more by visiting Official websiteReading the $WEPE whitepaper, and checking out X channel.
