I finally flipped a switch after being someone who cares 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...
Market Dump!
With Bitcoin making quite the drop last week, most of the meme coins crashed exponentially which kind of helped me to get in a bit more. I had to sell my Sportsbot on Rollbit (Link GambleFi Portfolio) which I used to increase my memecoin holdings. The idea is to get to a point where I have 10k worth of meme coins in total as a point not to put any outside money in anymore.
I also bought 4 more coins in MOG/SIXPACK/TREN as possible Fitness community tokens and HAPPICAT while I considered taking profit on Ponke which I bought last week purely on the chart which exploded to the resistance line. I have yet to pull the trigger though. Here is an overview on how things went in the last 7 days.
New Portfolio Additions
I took a small bet on the 'curture coins' around Fitness with MOG (on Base) and SIXPACK, TREN on Solana. MOG is shilled by many big influencers and is coming off a -70% correction after a big pump. Right now it's at a 211% Market cap and I bought 250M coins a couple days ago for ~120$. I also took a small shot just now buying SIXPACK & TREN kind of as insurance plays. The first got shilled by IvanonTech and has a 3.6% market cap while the 2nd was shilled by the memecoin guy on Crypto Banter and has just a 1.5 Market cap.
I came across this one on Twitter or Youtube with some Nigerian Grandma showing her Phone with Memecoins which had Happicat on it. The chart looks like it has reached a support line after a -80% drop from the top. I got around 110$ worth of it and will see how it goes.
Current Holdings
Boden is clearly winning from Tremp on solana as TRUMP (MAGA) on base seems to be the main coin about Trump. I added 100 to both with Boden still looking strong in the chart making higher lows and bounding off support lines where I added. Tremp is also holding the line and I do anticipate the reasoning that Boden has a 500M Market Cap while Tremp is only at 40M so it should have more upside potential.
WIF continues to the the main Solana Meme coin and I will keep adding on the dips as it always tends to bounce hard. In case it would somehow set a new high, I would take some profit though since the higher it goes the less room there is for it to continue going higher.
I could not resist buying a bunch more Benji (Taylor Swifts Cat) and I see it as my main degen moonshot play where I probably put in too much. Market cap reached below 500k while the community is still active and they are working to get the Twitter back. The chart however looks pretty bad and it will either stay dead or possibly have another crazy pump at some point
Ponke which I bought just a week ago was the big winner going close to x4 compared to what I paid and the chart has reached a zone of clear resistance. I plan on selling my full bag around this point for USDC hoping to buy it back cheaper but likely being left out if it breaks out higher.
Last Week:
"I also at some point last week bought Ponke around 50$ mainly because I really liked the chart which is showing higher highs and a consolidation right now."
Now
It looks like the momentum and Hyper around USUG is completely gone now and I'm left with 40% of my original bag which I took nice profit on and I assume it will either trend to 0 or at some point see a crazy revival.
BASE Chain Meme Coins
I added to each of my positions a bit and I will keep it at this for now.
Meme Coin Portfolio
| Coin | Chain | Price | Change | Holding | Value |
|---|---|---|---|---|---|
| BODEN | SOLANA | 0.7637$ | -10% | 1200 (+100) | 916$ |
| WIF | SOLANA | 2.93$ | -21% | 250 (+90) | 732$ |
| TREMP | SOLANA | 0.3824$ | -38% | 1200 (+100) | 459$ |
| ROOST | BASE | 0.0287$ | -43% | 12500 (+1500) | 359$ |
| BENJI | SOLANA | 0.0007162$ | -9% | 500k (+300k) | 358$ |
| BRETT | BASE | 0.0629$ | -17% | 5000 (+2000) | 314$ |
| VCAT | SOLANA | 2.05$ | -41% | 100 (+70) | 205$ |
| PONKE | SOLANA | 0.18676$ | +172% | 1000 | 186$ |
| MOCHI | BASE | 0.0000366$ | -34.% | 5M (+1k) | 185$ |
| MOG | BASE | 0.000000578$ | New | 250M | 147$ |
| PENG | SOLANA | 0.25$ | -47% | 500 | 125$ |
| USUG | SOLANA | 0.00031$ | -49% | 400k | 124$ |
| HAPPI | SOLANA | 0.0048$ | New | 25k | 120$ |
| SIXPACK | SOLANA | 0.0000362$ | New | 2M | 72$ |
| TREN | SOLANA | 0.001536$ | New | 40k | 61$ |
| MEW | SOLANA | 0.0057$ | +27% | 10k | 57$ |
| BENJI | BASE | 0.03$ | -51% | 2000 (+1500) | 57$ |
| TOPG | SOLANA | 0.00006$ | -55% | 600k | 36$ |
| GTOP | SOLANA | 0.000154$ | -34% | 200k | 31$ |
| BONK | SOLANA | 0.000015$ | -33% | 2M | 30$ |
| - | - | - | - | Total | 4574$ |
| - | - | - | - | Profit Taken | 287$ |
I still continue to invest some outside funds but I anticipate this to be done soon putting me in a position where I continue with what I have.
Previous Weeks
| Week | Portfolio Value |
|---|---|
| Week 01 | 1680$ |
| Week 02 | 4091$ |
| Week 03 | 4256$ |
| Week 04 | 4574$ |
| - | Total Profit Taken |
| - | 287$ |