Meme coins dominate altcoin leverage, Kaiko reports

Pepecoin (PEPE) and Dogwifhat (WIF) have emerged as the leaders in leverage usage within the altcoin sector, a recent report by Kaiko shows. The open interest to market cap ratio, a key indicator of leverage, shows that these meme coins have ratios twice that of other altcoins. This suggests that price discovery for these tokens is heavily concentrated in perpetual futures markets.PEPE and WIF... source: https://cryptobriefing.com/meme-coin-leverage-analysis/