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...
Jason Position Complete!
$JASON has been one of the coins that I have been quite vocal about the last month and I managed to complete my accumulation toward owning 1 Million coins which equals 0.1% of the total Supply. I wrote a lot on how I don't believe it's the scam that everyone makes it out to be and how the market cap is just extremely low compared to some of the other 'celeb memecoins'. Off course it's no guarantee for success but I'm linking the odds of my current position that I accumulated.
I also don't plan to sell any of it below 10 Million Dollar Market Cap and I might even hold on to it only slowly starting to scale out in case it reaches 50 Million and more which should be quite easily possible.
Giving Up & Cutting Losses on Donke!
$DONKE was one of those coins that had me dreaming of getting in on one at a really low market cap that I believed had the potential to go really high which it initially did. I was in passive profit in a matter of days after it was released but only took profit on a small part and what followed was what turns out to a very common scheme in Memecoins. The original devs rugged taking the money while some of the original community members who experienced the pump stayed emotionally invested in taking it over which only lasts so long until the constant effort and cost to promote and find new buyers while the price goes down. This frustration eventually translates in a drop in effort and a reasoning that effort will be put in again 'once the market turns'. However by that point nobody is left and in case effort is put back the competition for attention in the space is so big that it' also becomes impossible.
The only reason to hang on is to not kick yourself in case the 0.01% chance happens that the project becomes the next Wif or Ponke. However, I did swap it for Jason which I have way more belief in (at least right now at the moment)
New Week Watchlists!
It looks like the market is turning and I'm already too late to catch some of the possible bottoms. The 2 coins now that I'm most interested in are the Crypto Banter coins $Gummy & $Baked. They have been beaten down like crazy while I don't believe they will just be ignored by the crypto banter team who do have the platform (and the money) to push them much higher again.
Currently Gummy is sitting at a 6.6M Market cap and a 0.008363$ price while $Baked is at a 3.5M Market cam and a 0.003573$ Price. They are up 35% and 30% off the lows while both down 97% since the highs around 2-5 months ago.
I kind of sold myself right now to buy some and that is what I might do later today.
Current Holdings (Solana)
| Week 25 | Week 26 |
|---|---|
 |  |
Meme Coin Portfolio
| Coin | Chain | Price | Change | Holding | Value |
|---|---|---|---|---|---|
| JASON | SOLANA | 0.002269$ | +2% | 1M (+100k) | 2269$ |
| BRETT | BASE | 0.08023$ | -0% | 24000 | 1925$ |
| WIF | SOLANA | 1.70$ | +11% | 500 | 850$ |
| LOA | BASE | 0.01471$ | -42% | 50k | 735$ |
| MOG | BASE | 0.000001072$ | +8% | 500M | 536$ |
| PONKE | SOLANA | 0.3354$ | +30% | 1400 | 469$ |
| REDO | TON | 0.4437$ | +10% | 1000 | 443$ |
| MANEKI | SOLANA | 0.005773$ | +4% | 75k | 433$ |
| BENJI | SOLANA | 0.00035$ | +3% | 1.2M | 420$ |
| BENJI | BASE | 0.02217$ | +25% | 10k | 222$ |
| VCAT | SOLANA | 0.7027$ | -18% | 250 | 176$ |
| USUG | SOLANA | 0.0002214$ | +2% | 750k | 166$ |
| SLERF | SOLANA | 0.1655$ | +22% | 1000 | 165$ |
| PENG | SOLANA | 0.1358$ | -8% | 1000 | 136$ |
| MOCHI | BASE | 0.000009758$ | +8% | 10M | 97$ |
| ROOST | BASE | 0.001753$ | -10% | 50000 | 87$ |
| KEYCAT | BASE | 0.0007246$ | +5% | 120k | 87$ |
| MAMBA | BASE | 0.0001293$ | +8% | 320k | 44$ |
| DOH | SOLANA | 0.00003533$ | -23% | 1.25M | 41$ |
| BONK | SOLANA | 0.00001751$ | +3% | 2M | 35$ |
| HAPPI | SOLANA | 0.0001714$ | +4% | 160k | 27$ |
| SENK | SOLANA | 0.00001347$ | -25% | 1.5M | 20$ |
| DONKE | SOLANA | 0.0000534$ | -6% | 0 (-5M) | 0$ |
| Buy Funds | - | - | - | - | - |
| SOL | SOLANA | 138$ | - | 0.24 | 33$ |
| - | - | - | - | Total | 9416$ |
Previous Weeks
| Week | Portfolio Value | Week | Portfolio Value | Week | Portfolio Value |
|---|---|---|---|---|---|
| Week 01 | 1680$ | Week 11 | 17894$ | Week 21 | 7385$ |
| Week 02 | 4091$ | Week 12 | 13771$ | Week 22 | 8204$ |
| Week 03 | 4256$ | Week 13 | 12849$ | Week 23 | 8835$ |
| Week 04 | 4574$ | Week 14 | 12998$ | Week 24 | 8310$ |
| Week 05 | 4631$ | Week 15 | 10177$ | Week 25 | 9651$ |
| Week 06 | 6511$ | Week 16 | 10207$ | Week 26 | 9416$ |
| Week 07 | 6461$ | Week 17 | 11846$ | Week 27 | - |
| Week 08 | 8536$ | Week 18 | 11678$ | Week 28 | - |
| Week 09 | 9829$ | Week 19 | 10889$ | Week 29 | - |
| Week 10 | 14262$ | Week 20 | 8856$ | Week 30 | - |
| - | - | - | - | - | - |
| - | - | - | - | - | Total Profit Taken |
| - | - | - | - | - | - |