I managed to flip a switch after being someone who cared a lot about fundamentals in crypto and started to get into Meme Coins with a small % of my overall portfolio trying to play this game and see how it goes. These are weekly update posts in what I believe could be a Meme Coin Summer...
I expected the damage to be a lot worse after what looked to be a red Crypto week but it actually isn't the case and the Memecoin Portfolio is holding up quite well. I am kind of stuck in being invested in 'old' coins while I barely get into any of the new ones anymore. The ones that pop up all kind of feel like they are already at the point where those invested are looking to dump while many influences shout about them at the same time. Some of these are catdog (12 Days old & 52M), Billy (1.5 Months Old & 112M), Degen Danny (1.3 Months Old 1.6M), Landwolf (1.3 Months Old 107M), Bill ( 14 Days Old, 16M).
These I try to avoid at all costs while they are hot. I rather stick to coins that either are established or dumped hard with the community and socials still active. I believe one the public comes into crypto again, these will be the ones that will move the easiest as not much money is needed to make them pump while everyone is looking for crazy profit which won't be possible with Billion dollar valuations.
Sold Tremp
I sold the remainder of my Tremp position overall coming away with just a small loss as one of the coins that got me into memes as I found it funny at the time. From here on out, I will no longer get in these types of coins that either mock or paise famous people as I don't see it as something that can be sustained and there is too much of a risk looking what happened to Binden making the Boden coin dump like crazy. These are also hard to really get a fanatic community behind.
Bought more REDO
I do like the narrative that every chain has its main Memecoin and there to be potential for Resistance Dog for it to do what Pepe, Brett, Wif did on other chains in case Telegram (TON) would become wildly popular. I don't think many are using it already as it's quite the hassle to actually buy these coins. I did get my position up to 1000 REDO and only might but some more in case it goes way lower.
Senk Winner Of The Week
In the previous Report (Link), I increase my SENK position with +150% and I'm glad that I did because it was one of the bigger winners in the last 7 days. I do like the fact that it's still below 1 Million while the socials are quite nice with good activity and original content. These I believe are the ones that have the highest chance to do extremely well.
New Week Watchlists!
JASON: I don't hold any celeb memecoins as I doubt many who have one actually will put in the time and effort to really make it succeed. From what I understand, Jason Derulo go first scammed into creating a coin but then actually took it over and is trying to make it work and he also actually has it in his Twitter Profile. At 2.4 Million it's actually tempting to pick some up in the hope that he actually managed to make it work somehow. I actually sold myself on getting 60k JASON just now at a 0.00248$ price each giving me a small initial position I might add on later down the line.
MAMBA on Base is another one that I'm still keeping an eye on and want to buy after it got hit hard with the Market Maker who dumped. From what I see, it's not dead and efforts are still done to revive it. At Under 2 Million Market Cap, I might slowly start buying and if it goes back below 1 Million I might take a bigger position.
LOA (Law Of Attraction) is another one that kind of looks dead while there is still there is still plenty of activity around it and I like the concept behind it. at below 500k market cap I'm temped to heavily increase my holdings in it which now are just 30k which I'm at a heavy loss at.
DOH is another one that right now is back below 100k Market cap after it pumped to 400k+ not so long ago. It feels like one of those where it's a matter of time before this happens again. For the 350k DOH I took profit on, I could now buy back 1.3 Million of it at the current price. I still hold 1.25M and might just increase that to 2M
Aside from these, PONKE and WIF also feel like coins I possibly want to add some to.
Current Holdings (Solana)
| Week 18 | Week 19 |
|---|---|
 |  |
Meme Coin Portfolio
| Coin | Chain | Price | Change | Holding | Value |
|---|---|---|---|---|---|
| BRETT | BASE | 0.1192$ | -1% | 24000 | 2860$ |
| WIF | SOLANA | 1.96$ | -21% | 440 | 862$ |
| MOG | BASE | 0.000001719$ | +0% | 500M | 856$ |
| DONKE | SOLANA | 0.0001585$ | -1% | 5M | 792$ |
| SENK | SOLANA | 0.0007845$ | +50% | 1M | 784$ |
| MANEKI | SOLANA | 0.006881$ | -28% | 75k | 516$ |
| REDO | TON | 0.4945$ | +1% | 1000 (+200) | 494$ |
| BENJI | SOLANA | 0.0004056$ | -27% | 1.2M | 486$ |
| PONKE | SOLANA | 0.4751$ | -15% | 1000 | 475$ |
| VCAT | SOLANA | 1.55$ | -11% | 250 | 387$ |
| USUG | SOLANA | 0.0004195$ | -10% | 750k | 315$ |
| BENJI | BASE | 0.02467$ | -24% | 10k | 247$ |
| SLERF | SOLANA | 0.2213$ | -10% | 1000 | 221$ |
| ROOST | BASE | 0.004360$ | +20% | 50000 | 218$ |
| PENG | SOLANA | 0.2160$ | -9% | 1000 | 216$ |
| LOA | BASE | 0.004912$ | -36% | 30k | 147$ |
| JASON | SOLANA | 0.00248$ | New | 60k (+60k) | 147$ |
| DOH | SOLANA | 0.0001008$ | -15% | 1.25M | 146$ |
| MOCHI | BASE | 0.00001074$ | -14% | 10M | 107$ |
| HAPPI | SOLANA | 0.0005521$ | -36% | 160k | 88$ |
| KEYCAT | BASE | 0.0007$ | -31% | 120k | 84$ |
| BONK | SOLANA | 0.00002422$ | -12% | 2M | 48$ |
| TREMP | SOLANA | 0.3129$ | -32% | 0 (-500) | 0$ |
| POPCAT | SOLANA | 0.70$ | -14% | 0 | 0$ |
| BODEN | SOLANA | 0.0121$ | -15% | 0 | 0$ |
| Buy Funds | - | - | - | - | - |
| SOL | SOLANA | 166$ | - | 2.51 | 147$ |
| - | - | - | - | Total | 10889$ |
Previous Weeks
| Week | Portfolio Value | Week | Portfolio Value |
|---|---|---|---|
| Week 01 | 1680$ | Week 11 | 17894$ |
| Week 02 | 4091$ | Week 12 | 13771$ |
| Week 03 | 4256$ | Week 13 | 12849$ |
| Week 04 | 4574$ | Week 14 | 12998$ |
| Week 05 | 4631$ | Week 15 | 10177$ |
| Week 06 | 6511$ | Week 16 | 10207$ |
| Week 07 | 6461$ | Week 17 | 11846$ |
| Week 08 | 8536$ | Week 18 | 11678$ |
| Week 09 | 9829$ | Week 19 | 10889$ |
| Week 10 | 14262$ | Week 20 | - |
| - | - | - | - |
| - | - | - | Total Profit Taken |
| - | - | - | - |