Research: The Memecoin Market May Attract a Large Number of Institutional Investors

The research department of Web3 consulting firm Despread, Despread Research, has released a report on the evolution and future potential of the Memecoin market, analyzing the utility of Memecoin as a speculative asset. The team pointed out that American asset management company VanEck has launched a Memecoin index fund tracking the prices of six popular Meme coins including DOGE, PEPE and WIF. The report states that while it is unlikely for institutions to immediately invest in Memecoins following the launch of VanEck's Memecoin Index Fund, community-driven memecoins have grown significantly without any utility value which attracted institutional interest. This is significant as VanEck's Memecoin Index Fund could act as a catalyst sparking more interest from institutional and retail investors towards memecoins. We've already seen cryptocurrency-based funds wanting to include memecoins in their portfolios; Stratos, a California-based cryptocurrency fund company launched its WIF liquidity fund last December with returns reaching 137% by Q1 2024. According to Despread Research Company, as carriers of social ideology, memecoins will continue to grow and develop.