Wintermute: There are a large number of untapped capital pools in the Bitcoin ecosystem, and related tokens may rise after halving
Later this month, the highly anticipated Bitcoin halving event may trigger a large amount of betting on related networks and ecological tokens. Traders expect that both technical and Meme coin projects will rise. Wintermute's OTC trading department stated: "There are many undeveloped funds in the Bitcoin ecosystem, and these funds are still dormant. Surprisingly, traders can get very little exposure to online assets." It added: "If capital begins to enter the Bitcoin ecosystem, tokens such as RUNE, STX and ORDI may significantly benefit and perform well." Meanwhile, Bartosz Lipinski, founder of the crypto trading platform Cube.Exchange, stated in an email that Meme coins and the upcoming Runes protocol may trigger high-risk bets in the Bitcoin ecosystem. (CoinDesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC Commissioner Slams Ripple Settlement as Legal Battle Nears End
A senior U.S. Securities and Exchange Commission (SEC) official has criticized a proposed settlement between the agency and Ripple Labs, potentially marking the final chapter of a years-long legal dispute over the XRP token.

Zerebro Developer Reported Alive Days After Alleged On-Camera Suicide
The mysterious case of Zerebro’s 22-year-old developer, who appeared to shoot himself during a livestream on May 4, took a dramatic turn after he was reportedly seen alive outside his family home in San Francisco.

AI DApps Surge in Activity, Poised to Rival Gaming and DeFi in Web3 Dominance
Artificial Intelligence-powered decentralized applications (DApps) are rapidly gaining ground in the Web3 ecosystem. They may soon challenge the dominance of Gaming and Decentralized Finance (DeFi), according to fresh insights from blockchain analytics firm DappRadar.

Bitcoin ETF Inflows Surge to Record $40.62 Billion

Trending news
MoreCrypto prices
More








