加密貨幣做市商越來越多地參與 MEME 市場運營，總共持有超過 1.2 億美元的 MEME 代幣

隨著市場規模的不斷擴大和營運模式的逐漸成熟，MEME正逐步走向規模化、制度化

As the MEME market continues to expand rapidly and operational models gradually mature, MEME is moving towards scaled and institutional operations. Among them, the participation of some crypto market makers is also increasing, which will further promote the continuous improvement of liquidity and stability in the MEME market.

隨著MEME市場不斷快速擴大，營運模式逐漸成熟，MEME正走向規模化、機構化營運。其中，一些加密貨幣做市商的參與也在不斷增加，這將進一步推動MEME市場流動性和穩定性的不斷提高。

According to PANews statistics, the five crypto market makers, Wintermute, GSR Markets, Auros Global, B2C2 Group, and Cumberland DRW, collectively hold over $120 million in MEME coins. Among them, Wintermute has the largest institution with the most coverage of popular projects. Several of its held MEME coins have successfully launched on Binance, indicating its deep layout and influence in the MEME coin field. In contrast, other institutions have smaller holdings, mainly consisting of established MEME coins like PEPE and SHIB, with significant transfers or sell-offs occurring on multiple platforms.

根據 PANews 統計，五家加密貨幣做市商 Wintermute、GSR Markets、Auros Global、B2C2 Group 和 Cumberland DRW 總共持有超過 1.2 億美元的 MEME 幣。其中，Wintermute機構規模最大，熱門項目覆蓋最多。其持有的多款MEME幣已在幣安成功上線，顯示其在MEME幣領域的深厚佈局和影響力。相比之下，其他機構持有的資金較少，主要包括 PEPE 和 SHIB 等成熟的 MEME 代幣，在多個平台上發生了大量轉讓或拋售。

It is worth mentioning that DWF Labs, which previously made a high-profile layout in MEME, no longer holds any MEME projects in its public address, possibly related to increased U.S. regulatory scrutiny on MEME market makers. In early October this year, several market makers, including Gotbit, ZM Quant, and CLS Global, were accused by multiple U.S. regulatory agencies of manipulating the MEME market, with the operator of MyTrade pleading guilty and the CEO of Gotbit being charged by the U.S. Department of Justice for allegedly orchestrating large-scale fraudulent trading.

值得一提的是，先前高調佈局MEME的DWF Labs在其公開地址中不再持有任何MEME項目，可能與美國監管部門加大對MEME做市商的審查力度有關。今年10月初，包括Gotbit、ZM Quant、CLS Global在內的多家做市商被美國多個監管機構指控操縱MEME市場，其中MyTrade運營商認罪，Gotbit首席執行官被美國指控司法部涉嫌策劃大規模詐欺交易。

The following is a detailed analysis of the five crypto market makers' MEME coin holdings:

以下是五家加密做市商持有MEME幣的詳細分析：

1. Wintermute

1. 溫特穆特

According to Arkham data, as of November 8, Wintermute holds 19 MEME coins valued at over $1 million, with a total holding value exceeding $110 million. The top three projects by holding value are MOODENG, GOAT, and PEPE, which together account for 40.9% of Wintermute's overall MEME holdings. Moreover, most of these MEME coins come from Ethereum and Solana, and many are popular projects.

Arkham 數據顯示，截至 11 月 8 日，Wintermute 持有 19 個價值超過 100 萬美元的 MEME 幣，總持有價值超過 1.1 億美元。以持有價值排名前三名的項目是 MOODENG、GOAT 和 PEPE，合計佔 Wintermute MEME 總持倉量的 40.9%。而且，這些MEME幣大部分來自以太坊和Solana，而且很多都是熱門項目。

It is noteworthy that among the 19 MEME coins held by Wintermute, 13 projects have successfully launched on Binance, accounting for 68.4%, suggesting that this institution has become a bellwether for MEME coin listings on Binance.

值得注意的是，在Wintermute持有的19個MEME幣中，有13個項目已在幣安成功上線，佔比68.4%，這表明該機構已成為幣安上MEME幣的風向標。

2. GSR Markets

2. 金沙江市場

According to Arkham data, as of November 8, GSR Markets holds over 48.51 million NEIRO (uppercase), accounting for 4.8% of the total supply, valued at over $5.08 million. Since October, GSR Markets has transferred over $99.13 million in NEIRO to the exchange Bybit in multiple transactions, but Spot On Chain monitoring suggests that this operation may be aimed at providing more liquidity rather than selling.

根據 Arkham 數據，截至 11 月 8 日，GSR Markets 持有超過 4,851 萬枚 NEIRO（大寫），佔總供應量的 4.8%，價值超過 508 萬美元。自 10 月以來，GSR Markets 已透過多筆交易將超過 9,913 萬美元的 NEIRO 轉移至 Bybit 交易所，但 Spot On Chain 監控顯示，這項操作可能旨在提供更多流動性，而不是出售。

3. Auros Global

3.Auros環球

According to Arkham data, as of November 8, Auros Global mainly holds PEPE, NEIRO (both uppercase and lowercase), and SHIB, with a holding value of $330,000, of which only PEPE is valued at $197,000. Notably, since September 30, Auros Global has been frequently transferring lowercase NEIRO to exchanges like Binance and Uniswap, with each transaction being below $70,000.

Arkham數據顯示，截至11月8日，Auros Global主要持有PEPE、NEIRO（大寫和小寫）、SHIB，持有價值33萬美元，其中僅PEPE估值為19.7萬美元。值得注意的是，自 9 月 30 日以來，Auros Global 經常向 Binance、Uniswap 等交易所轉帳小寫 NEIRO，每筆交易金額低於 7 萬美元。

4. B2C2 Group

4.B2C2集團

Currently, B2C2 Group only has significant holdings in SHIB. According to Arkham data, as of November 8, B2C2 Group holds SHIB valued at $6.89 million. Since this year, B2C2 Group has gradually transferred large amounts of SHIB to platforms like Coinbase and Robinhood, with individual amounts mostly in the millions of dollars.

目前，B2C2 Group 僅持有 SHIB 大量股份。 Arkham數據顯示，截至11月8日，B2C2 Group持有SHIB價值689萬美元。今年以來，B2C2 Group逐步向Coinbase、Robinhood等平台轉移大量SHIB，單筆金額大多在數百萬美元。

5. Cumberland DRW

5. 坎伯蘭 DRW

Cumberland DRW also chooses to hold established MEME coins, but with a smaller allocation. According to Arkham data, as of November 8, Cumberland DRW holds approximately $210,000 in PEPE and $18,000 in SHIB. In recent months, Cumberland DRW has gradually transferred millions of dollars worth of PEPE and SHIB to platforms like OKX, Robinhood, and FalconX.

Cumberland DRW 也選擇持有已建立的 MEME 代幣，但分配量較小。根據 Arkham 數據，截至 11 月 8 日，Cumberland DRW 持有約 21 萬美元的 PEPE 和 1.8 萬美元的 SHIB。近幾個月來，Cumberland DRW 已逐步將價值數百萬美元的 PEPE 和 SHIB 轉移到 OKX、Robinhood 和 FalconX 等平台。