Venture capital firm Stratos said its funds were driven by Solana and meme coin drove a net rise of 109% in Q1

PANews News on April 24, according to Crypto Briefing, venture capital firm Stratos announced that its LP Token Fund achieved a net return of 109% in the first quarter, a huge gain mainly attributed to investments in Solana, Nosana and the Meme coin Dogwifhat (WIF), Dogwiphat alone brought the company a 300-fold return. Compared to its second early-stage venture capital fund, its total net value has risen by more than 25 times. Stratos founding partner Rennick Palley added that Meme coin has consistently outperformed other digital asset, has limited correlation with other alts sectors, and as a pure coin asset, theoretically has an uncapped upper pump short. "For example, we started buying WIF at about $0.01 in December last year, and since then, we have generated a 300x return for our LP Token fund," he said. In addition, Stratos said it will continue to explore new trends and technologies in the Crypto Assets space, currently focusing on Layer-2 solutions for the Bitcoin ecosystem. Parley emphasized the importance of Trustless transactions in a Trustless way, as well as the importance of improving the overall utility of the Bitcoin network.