加密货币做市商越来越多地参与 MEME 市场运营，总共持有超过 1.2 亿美元的 MEME 代币

随着市场规模的不断扩大和运营模式的逐渐成熟，MEME正逐步走向规模化、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.

随着MEME市场不断快速扩大，运营模式逐渐成熟，MEME正在走向规模化、机构化运营。其中，一些加密货币做市商的参与也在不断增加，这将进一步推动MEME市场流动性和稳定性的不断提高。

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.

据 PANews 统计，五家加密货币做市商 Wintermute、GSR Markets、Auros Global、B2C2 Group 和 Cumberland DRW 总共持有超过 1.2 亿美元的 MEME 币。其中，Wintermute机构规模最大，热门项目覆盖最多。其持有的多款MEME币已在币安成功上线，表明其在MEME币领域的深厚布局和影响力。相比之下，其他机构持有的资金较少，主要包括 PEPE 和 SHIB 等成熟的 MEME 代币，在多个平台上发生了大量转让或抛售。

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，此前高调布局MEME的DWF Labs在其公开地址中不再持有任何MEME项目，可能与美国监管部门加大对MEME做市商的审查力度有关。今年10月初，包括Gotbit、ZM Quant、CLS Global在内的多家做市商被美国多个监管机构指控操纵MEME市场，其中MyTrade运营商认罪，Gotbit首席执行官被美国指控司法部涉嫌策划大规模欺诈交易。

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币的详细分析：

1. Wintermute

1. 温特穆特

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 数据显示，截至 11 月 8 日，Wintermute 持有 19 个价值超过 100 万美元的 MEME 币，总持有价值超过 1.1 亿美元。按持有价值排名前三的项目是 MOODENG、GOAT 和 PEPE，这三个项目合计占 Wintermute MEME 总持仓量的 40.9%。而且，这些MEME币大部分来自以太坊和Solana，而且很多都是热门项目。

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个MEME币中，有13个项目已在币安成功上线，占比68.4%，这表明该机构已成为币安上MEME币的风向标。

2. GSR Markets

2. 金沙江市场

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.

根据 Arkham 数据，截至 11 月 8 日，GSR Markets 持有超过 4851 万枚 NEIRO（大写），占总供应量的 4.8%，价值超过 508 万美元。自 10 月份以来，GSR Markets 已通过多笔交易将超过 9913 万美元的 NEIRO 转移至 Bybit 交易所，但 Spot On Chain 监控显示，这一操作可能旨在提供更多流动性，而不是出售。

3. Auros Global

3.Auros环球

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数据显示，截至11月8日，Auros Global主要持有PEPE、NEIRO（大写和小写）、SHIB，持有价值33万美元，其中仅PEPE估值为19.7万美元。值得注意的是，自 9 月 30 日以来，Auros Global 频繁向 Binance、Uniswap 等交易所转账小写 NEIRO，每笔交易金额低于 7 万美元。

4. B2C2 Group

4.B2C2集团

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 仅持有 SHIB 大量股份。 Arkham数据显示，截至11月8日，B2C2 Group持有SHIB价值689万美元。今年以来，B2C2 Group逐步向Coinbase、Robinhood等平台转移大量SHIB，单笔金额大多在数百万美元。

5. Cumberland DRW

5. 坎伯兰 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 也选择持有已建立的 MEME 代币，但分配量较小。根据 Arkham 数据，截至 11 月 8 日，Cumberland DRW 持有约 21 万美元的 PEPE 和 1.8 万美元的 SHIB。近几个月来，Cumberland DRW 已逐步将价值数百万美元的 PEPE 和 SHIB 转移到 OKX、Robinhood 和 FalconX 等平台。