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...
One of the remarkable things is that when looking at the trending coins last week based on Volume (Link), you will see that all of them were pump & dumps and are now down 90%+. At least the ones that were created that week. This is why I mainly focus on Memecoins that are somewhat older and established.
Some of the names that keep popping up week after week in the trending list are WIF, MANEKI, PEPE, BOME, MOG, POPCAT, ..
I did increase some of my positions on the Base Chain before the ETH ETF speculations which puts me in a nice profit on them. I added 10k Brett (which continues to be the main candidate to become the biggest meme on Base). 250M MOG which doubled my position on that one seeing how stable it was being during market crashes. 5k Benji which my initial investment was low at while now it looks in a bottom pattern, ROOST (+800) just to even out my holdings. Mochi (+5M) which went down again while it looks to be bottoming. The social media activity is also still big on that one.
Aside from this, I bought some more WIF (25) as I still see it as the main meme on Solana despite many seemingly selling to buy Ponke. I also added more MANEKI but failed to get it to 100k as it pumped after my last buy. I also added a tiny bit on HAPPI.
Potential Buys
BODEN ended up dipping again after it looked like it was heading for a reversal and a possible breakout. Now that both the Republicans and Democrats are getting more positive about crypto, it no longer looks like trump is the only voting option for everyone who has crypto. It also remains a coin that systematically is in the top 50 of highest volume trending coins. I will see if I can add 500 BODEN at the current price range or lower.
VCAT also really looks beaten down after a 45% decrease this past week nearing a support line. at just 3.5M Market cap there is also still a lot of potential upside as something I can see retail buying at some point.
SLERF also looks to be in a sideways accumulation zone and it remains the coin with by far the highest liquidity making it attractive to whales.
Last Week Results
MANEKI I continue to like MANEKI based on the Liquidity and the fact that it's a meme suited for Asians also. The fact that it's trading at Kucoin also is pretty big and it looked like it managed to break out of the sideways accumulation zone. Key now will be to start setting higher highs and higher lows. I'm still tempted to get my position to 100K Maneki to just hold for the longer run but for now I will stick with the 75K MANEKI that I own.
Last Week
Now
Current Holdings
I now have 70% of my coins on Solana and 30% on Base. In a way I'm still looking to expand to other chains eying BEAR (on Puleschain), Harrypotterobamasonic10inu (on ETH), Foxy (On Linea), REDO (on TON), FUD (On SUI) but the hassle to get in on those chains right now is too high. Another potential narrative that I'm looking at are the Memecoin/NFT combo SPL404 projects. For now I haven't bought anything there.
Meme Coin Portfolio
| Coin | Chain | Price | Change | Holding | Value |
|---|---|---|---|---|---|
| TREMP | SOLANA | 1.03$ | +15% | 1200 | 1236$ |
| BRETT | BASE | 0.04277$ | +20% | 25000 (+10000) | 1069$ |
| USUG | SOLANA | 0.001282$ | +12% | 750k | 962$ |
| WIF | SOLANA | 3.01$ | -5% | 325 (+25) | 935$ |
| MANEKI | SOLANA | 0.01105$ | +48% | 75k (+15k) | 829$ |
| BENJI | SOLANA | 0.001279$ | -14% | 500k | 640$ |
| ROOST (New) | BASE | 0.05253$ | +138% | 12000 (+800) | 630$ |
| BODEN | SOLANA | 0.2682$ | -40% | 2000 | 536$ |
| MOG | BASE | 0.0000009621$ | +33% | 500M (+250M) | 481$ |
| KEYCAT | BASE | 0.003867$ | +46% | 120k | 464$ |
| CatGPT | SOLANA | 0.001315$ | +14% | 250k | 327$ |
| PENG | SOLANA | 0.2936$ | +26% | 1000 | 293$ |
| SLERF | SOLANA | 0.2876$ | -9% | 1000 | 287$ |
| VCAT | SOLANA | 2.80$ | -45% | 100 | 280$ |
| HAPPI | SOLANA | 0.004447$ | -25% | 50k (+10k) | 222$ |
| MOCHI | BASE | 0.00002083$ | -4% | 10M (+5M) | 208$ |
| BENJI | BASE | 0.01403$ | +36% | 10k (+5k) | 140$ |
| ANON | SOLANA | 0.0004190$ | -49% | 250k | 105$ |
| BONK | SOLANA | 0.00002556$ | +37% | 2M | 70$ |
| TREN | SOLANA | 0.001103$ | -35% | 40k | 44$ |
| SIXPACK | SOLANA | 0.00002063$ | +0% | 2M | 41$ |
| MEW | SOLANA | 0.003015$ | -12% | 10k | 30$ |
| - | - | - | - | Total | 9829$ |
| - | - | - | - | Profit Taken | 457$ |
I'm now very close to the point where I told myself that I wasn't going to bring more outside money even though I'm still quite hungry to buy more. I will see what direction things went in next week.
Previous Weeks
| Week | Portfolio Value |
|---|---|
| Week 01 | 1680$ |
| Week 02 | 4091$ |
| Week 03 | 4256$ |
| Week 04 | 4574$ |
| Week 05 | 4631$ |
| Week 06 | 6511$ |
| Week 07 | 6461$ |
| Week 08 | 8536$ |
| Week 09 | 9829$ |
| - | Total Profit Taken |
| - | 457$ |