Pantera Capital’s Liquid Token Fund reduced exposure to Bitcoin and Ether in the first quarter of 2024 while increasing allocations to DeFi tokens.
Pantera Capital’s Liquid Token Fund reportedly posted a 66% return in the first quarter of 2024, driven by investments in crypto tokens such as Solana and Stacks tokens. Pantera Capital is a $5.2 billion asset manager and an early investor in the crypto space. The firm has recently raised around $250 million to buy SOL tokens from former crypto exchange FTX. The tokens were reportedly
SOL’s price performance has been attributed to a rise in its blockchain market dominance and the memecoins frenzy. On April 3, memecoins like Dogwifhat and Bonk, along with the recently launched Cat in the Dogs World and Book of Meme. According to a CoinShares report, institutional investors poured almost $25 million into SOL-based investment funds in March, supporting the token’s price rise.