Wintermute Aims to Capture Meme Coin Market, Surpass DWF Labs

• Wintermute has taken an aggressive positioning on meme coins recently.
• The firm has a significant position in Goatseus Maximus (GOAT).
• Wintermute seeks to dethrone DWF Labs as the number 1 market maker.

Wintermute, a leading market maker, plans to dominate the meme coin market making industry, surpassing its rival DWF Labs. The firm has adopted a more aggressive style in recent months and increased its exposure to Goatseus Maximus (GOAT).

Crypto analyst @ai_9684xtpa posted on X that Wintermute is aggressively buying GOAT, which reflects the “increasing professionalization of the meme track.” The analyst also shared Wintermute’s meme coin holdings.

With top market makers entering the meme coin market, the analyst asked what sets different meme coins apart. Wintermute’s position value for GOAT is $721 million, while its holdings of PEPECOIN and MOODENG are $908 million and $772 million, respectively.

Wintermute’s Meme Coin Portfolio

Wintermute’s meme market-making portfolio includes MONKE, MOG, MEW, APU, SPX, NEIRO, and PEPE. PEPECOIN, MOODENG, and GOAT are the top three holdings, with the others in the top 10. Wintermute also holds POPCAT, $michi, BONK, WIF, FLOKI, MOTHER, BABYDOGE, COK, and DEGEN.

Read also: Solana Meme Coin Market Cap Surges to $12.2 Billion, WIF Leads the Pack

According to the data from CoinMarketCap, the total market cap of the meme coin sector stands at a massive $70 billion, up 6.4% in the past 24 hours, while the total money traded in the market is a substantial $11 billion. Majority of tokens in the meme coin space were bullish in the past day as Bitcoin reclaimed the $72,000 price level. 

Meme coin sector leaders Dogecoin (DOGE) and Shiba Inu (SHIB) were up 6.8% and 4.6% in the past 24 hours, respectively. DOGE has printed monumental gains in the past seven days and is up 27.6%.