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Article • Apr 24, 2024

Hedge Funds Embrace Memecoins, Stratos Fund Sees 137% Gains

Stratos
Hedge Funds Embrace Memecoins, Stratos Fund Sees 137% Gains
Summary
  • Stratos fund, backed by notable investors like Marc Andreessen and Chris Dixon, recorded 137% gains in Q1 by allocating part of its portfolio to memecoin WIF.
  • Memecoins are evolving from just jokes to "culture coins," providing membership into a community with shared beliefs.

Source: https://dailyhodl.com/2024/04/24/tradfi-hedge-funds-eyeing-memecoins-as-subsector-evolves-into-culture-coins-report/

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Hedge Funds Embrace Memecoins, Stratos Fund Sees 137% Gains | DePIN Hub