Meme Coins Week 50 | Holders Continue To Bleed Slowly

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 keeping track of what's happening in the space while keeping track of my Portfolio...

It's been 3 weeks since I last made an update on the memecoin portfolio just holding what i have without ato or selling any positions and things mainly just continue to go down. To be exact, the portfolio value went down -18.7% while at the same time solana went down around 28% in value. So relatively it's not all that bad

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Jupiter Airdrop

I did manage to claim 250 JUP tokens from the Jupiter Airdop some weeks ago because I traded some memcoins on my main solana wallet using jup.ag. Everyone who has used it should check jupuary.jup.ag see if they got an allocation. So far, I just held onto it.

Memcoins Dead or Buy Opportunity?

So the main question is if memecoins are just dead now or if it potentially is a buy opportunity with some massive gains ahead. The way I look it is right now is that i's kind of both.I don't think memecoins are done for and I'm quite sure that some of the more established ones at some point will bounce hard and maybe go higher or even a lot higher. At the same time, there are so many out there and most don't have the community to survive the current collapse.

So it all feels like it remains one big gamble and I'm not sure of the odds are worth it right now. So I'm not quite sure what to do aside from the fact that I'm not really willing to sell and will keep this positions for longer hoping at least 1 of them ends up doing some crazy multiples. I will continue to monitor things and if I got some spare funds I might increase some of the positions along the way

For now though now buys or sells.

Current Holdings (Solana)

Week 47	Week 50

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Meme Coin Portfolio

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100M+ COINS	Chain	Price	Change	MC	Holding	Value
SPX6900	SOLANA	0.4551$	-31%	423M	2000	910$
BRETT	BASE	0.04152$	+0%	412M	20000	825$
WIF	SOLANA	0.5638$	+0%	562M	500	281$
MOG	BASE	0.0000005023$	-37%	196M	500M	251$
POPCAT	SOLANA	0.2166$	-11%	211M	1000	216$
PENGU	SOLANA	0.006481$	-31%	407M	10k	65$
BONK	SOLANA	0.00001221$	-28%	946M	2M	24$
-	-	-	-	-	-	2582$

10M+ COINS	Chain	Price	Change	MC	Holding	Value
UFD	SOLANA	0.07278$	+127%	73M	5000	364$
PONKE	SOLANA	0.1175$	-12%	65M	3000	352$
KEYCAT	BASE	0.001817$	-43%	18M	125k	227$
BENJI	BASE	0.01868$	-40%	18M	10k	186$
MOCHI	BASE	0.00001772$	+10%	18M	10M	177$
MANEKI	SOLANA	0.001396$	-17%	12M	75k	105$
SUNDOG	TRON	0.05179$	+58%	52M	1750	90$
SLERF	SOLANA	0.0665$	-34%	33M	1250	83$
REDO	TON	0.04219$	-30%	4M	1960	83$
BITCOIN	BASE	0.07584$	-8%	76M	1000	76$
CHILLGUY	SOLANA	0.03$	+4%	30M	2000	60$
RETARDIO	SOLANA	0.02244$	-30%	22M	2500	56$
MOODENG	SOLANA	0.04551$	-21%	45M	1000	45$
-	-	-	-	-	-	1904$

1M+ COINS	Chain	Price	Change	MC	Holding	Value
SFC	SOLANA	0.005877$	+30%	5.8M	10000	58$
-	-	-	-	-	-	58$

100k+ COINS	Chain	Price	Change	MC	Holding	Value
JASON	SOLANA	0.0001191$	-29%	119k	1M	119$
AUTISM	SOLANA	0.0005938$	-27%	5631k	100k	59$
LFGO	SOLANA	0.0004498$	-39%	449k	125k	56$
-	-	-	-	-	-	234$

100k- COINS	Chain	Price	Change	MC	Holding	Value
BENJI	SOLANA	0.00009865$	-11%	98k	1.2M	118$
VCAT	SOLANA	0.07673$	-39%	93k	1000	76$
USUG	SOLANA	0.00007971$	-45%	79k	750k	60$
LOA	BASE	0.0006963$	-21%	79k	50k	35$
❤️	SOLANA	0.00001574$	-73%	15k	2M	31$
-	-	-	-	-	-	320$

Total Memes	Total Buy Funds	Total Protfolio Value
5101$	27$	5128$

Previous Weeks

(Total Money Invested over this period is estimated to be somewhere around 12k-14k)

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	12083$
Week 08	8536$	Week 18	11678$	Week 28	10080$
Week 09	9829$	Week 19	10889$	Week 29	10676$
Week 10	14262$	Week 20	8856$	Week 30	11882$
-	-	-	-	-	-
Week 31	11352$	Week 41	12453$	-	-
Week 32	10812$	Week 42	15204$	-	-
Week 33	12244$	Week 43	13712$	-	-
Week 34	15155$	Week 44	13750$	-	-
Week 35	16936$	Week 45	10545$	-	-
Week 36	19342$	Week 47	6308$	-	-
Week 37	18164$	Week 50	5218$	-	-
Week 38	16508$	-	-	-	-
Week 39	15009$	-	-	-	-
Week 40	14194$	-	-	-	-