After venture capital firm Stratos got 300x profits by investing in Dogwifhat (WIF), other hedge funds started to consider investing. It had invested in WIF in December when it was around $0.01 and it’s still holding onto it which is now trading for $2.76. The founding partner of Stratos believes that taking time for due diligence before investing does not work for meme-coins. He further included that the reason they designed the fund the way it is is because they had been in crypto long enough to know how it works and that alternative assets like meme-coins have taken center stage.

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