I managed to flip a switch after being someone who cared alot 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...
From the looks of it, I just got in before the top of the memecoin craze which allowed me to cost-average down as I'm still busy getting into them. I do believe that retail isn't here yet and prices of at least some of them will go way higher. I continue to work toward having this portfolio at a total value of 10k after which I don't intend to put more money into it.
High Liquidity Coins!
One of the trends I think I picked up on are new coins with very high locked liquidity doing well as they are the ones that are getting all the visibility on Dexscreener. Since Whales are easily able to get in and out of them because of the liquidity, they tend to be trending on the main page of dexscreener as they are doing high volume. First there was BOME (Book Of Meme) which came out of nowhere going above a billion marketcap and afterward there was MEW (Cat in a Dogs World) which did the same. Neither are really funny or a known meme and the only thing that they have in common are the high liquidity.
There are 2-3 newer coins which resemble this...
Maneki
Maneki is an asian themed coin Maneki-neko which is a cat figure that is often believed to bring good luck to the owner. In modern times. It's now 11 days old having an initial pump followed by a 70% correction and now a side ways move which is generally what you want to see. It has 15 Million Burned liquidity and a 100M Market cap. It also already has a listing on coinmarketcap and is trading on centralized exchanges including Kucoin, Crypto.com, Mexc, ...
So everything points to this one being a stayer and I bought an initial 25000 MANEKI today for ~300$ being tempted to add more. The crazy short-term multiplier opportunity seems gone though.
CatGPT
This is another one which was created 9 days ago which now has 3.8 Million locked liquidity and especially in the first days had very high volume making it trending on Dexscreener despite what was 'only' 30M-40M market cap. I did take a greedy gamble on this one on the 2nd day assuming it was just a dip before a quick leg higher which didn't turn out to be the case. The idea was to double up, sell half and have a free bag left. I did end up adding to my bag at 0.002$ and will just wait it out from here hoping it gets a pump. I have 250k CatGPT in total which I paid an average price of 0.0037$ for so I'm still down at the moment.
Catgpt has a proper Coinmarketcap page and it's also already listed on centralized exchanges like Bitget and Gate.io.
TORI
This is another one which I got tempted by as it has over a million liquidity locked and a small marketcap still. only being 5 days old. However I learned my lesson on CatGPT and stayed away. It also doesn't have a proper Coinmarketcap page yet.
FLUFF
Fluffys is another one with high Liquidity which pumped hard to a 20 Million market cap at some point but it came all the way back now looking flat at below 1 Million market cap. It is a hybrid coin where NFTs can be swapped for FLUFF and the other way around. With 9400 NFT's around there is bound to be selling pressure / increasing supply whine the price of FLUFF would go up. Purely on the chart it looks very tempting to pick some up after it flatlined while there is a470k Liquidity locked still but I'm staying away.
New Buys
Keycat is one of those coins you see mentioned over an over again so I ended up getting a small bag of it to start off. I paid 143$ for 40k KEYCAT.
Current Holdings
I continue to add to WIF and thing there is at least a 50% chance for the marketcap to ever reach 15 Billion which is a 5x from here. In the world of Sports betting, those odds are just bonkers.
From the looks of it, the price update in my wallet is lagging behind. There was a lot of fud last week around Brett saying the coin was a scam because there was no fair launch. This is where things have gotten with Memecoins where they are called 'scams' while everyone knows that fundamentally there is nothing there. Fact remains that many of the most influential Meme coin accounts on Twitter see this one as the leading memecoin on Base. I added to my bag on the dip and am tempted to increase my position more at this price.
So a massive discount where it used to be now due to the fud and it's going to be interesting to see if it can recover. If the bull market continues & base becomes one of the main chains the general public who are on coinbase are going to, this could easily still do a 50x. However, that are many ifs.
I picked up the 600k USUG I took profit on previously last week for 88$ and a week later now that is worth 333$ already. There is no guarantee that it will keep pumping as it easily could go back to the lows. However, I'm not selling until the point where the price potentially touches the downtrend line which is still a x2.5 from here. I don't see this ever getting crazy big, but more as a fully joke that at times will see a pump if it gets shilled by an influential account on Twitter since the marketcap is so low.
Meme Coin Portfolio
| Coin | Chain | Price | Change | Holding | Value |
|---|---|---|---|---|---|
| WIF | SOLANA | 3.01$ | +5% | 300 (+50) | 903$ |
| CatGPT | SOLANA | 0.002677$ | New | 250k | 669$ |
| BODEN | SOLANA | 0.4431$ | -30% | 1400 (+200) | 620$ |
| USUG | SOLANA | 0.0005640$ | +283% | 1M | 564$ |
| TREMP | SOLANA | 0.4$ | +33% | 1200 | 480$ |
| VCAT | SOLANA | 4.62$ | +48% | 100 | 462$ |
| BENJI | SOLANA | 0.00078$ | -22% | 500k | 390$ |
| ROOST | BASE | 0.0236$ | -5% | 16000 (+3500) | 382$ |
| BRETT | BASE | 0.04024$ | -27% | 10000 (+4000) | 344$ |
| HAPPI | SOLANA | 0.01159$ | +115% | 25k | 289$ |
| MANEKI | SOLANA | 0.01147$ | New | 25k | 286$ |
| ANON | SOLANA | 0.001023$ | +34% | 250k | 255$ |
| PENG | SOLANA | 0.21$ | -12% | 1000 | 210$ |
| MOG | BASE | 0.0000006031$ | -4% | 250M | 146$ |
| KEYCAT | BASE | 0.003575$ | New | 40k | 143$ |
| MOCHI | BASE | 0.00002689$ | -3% | 5M | 128$ |
| TREN | SOLANA | 0.002590$ | +25% | 40k | 103$ |
| BENJI | BASE | 0.0187$ | -11% | 5000 (+3000) | 93$ |
| BONK | SOLANA | 0.000027424$ | +81% | 2M | 54$ |
| SIXPACK | SOLANA | 0.00002176$ | -45% | 2M | 43$ |
| MEW | SOLANA | 0.004317$ | -24% | 10k | 43$ |
| GTOP | SOLANA | 0.0001211$ | -13% | 200k | 24$ |
| TOPG | SOLANA | 0.0000387$ | -19% | 600k | 23$ |
| - | - | - | - | Total | 6654$ |
| - | - | - | - | 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$ |
| Week 05 | 4631$ |
| Week 06 | 6511$ |
| - | Total Profit Taken |
| - | 287$ |