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...
Ponke Pumping Higher
$PONKE is one of those memecoins which acts in a way that I want to see always setting higher highs and lower highs pretty much going up in a straight line with the occasional -70% drawback. I first got in 29 weeks ago at 0.0547$ just to sell it 2 weeks later at 0.2018$ with an eye to buy back lower again later. however, it never reached as low as I wanted it just to shoot up which made me fomo back when it was on it's way to the peak. Not wanting to see the same situation I kept it at that point also because there was no clear line where the top would be just to see it drop from 0.07$ to 0.02$ and I increased on my position at 0.37$.
This leads me to a point where I own 1025$ worth of it while having paid 467$ kind of showing how hard it is to make big profit even on coins like that that went x10 since I first got it. There are also many more who went the total opposite direction and never recovered.
BRETT Real Yield on Just.Bet !
One of the other projects I'm invested in (WINR PROTOCOL) recently integrated $BRETT into their platform as a currency to bet in. The idea behind the project is that it allows on-chain betting where people provide the liquidity for winners to be paid out from. Since it's gambling with a mathematical house edge, this pool is expected to grow since in the long term there are more losers than winners. (Vegas wasn't build on Winners). So it's possible to deposit BRETT in a smart contract on their WINR Chain and lock it in their liquidity pool.
I tested it out with just 1000 BRETT which I bought extra and it actually works and I will increase it with 500 BRETT out of the 2500 Brett holdings that I have understanding that there is also risk involved.
The pool right now is rather low 80k dollars worth of BRETT. This makes it so that the ROI will be either extremely high or produce a big loss. all-time 57k dollars was added to the pool by losing bets but last week -12k was lost from the pool by winning players. So the 1000 BRETT that I put in now only equald 660 BRETT if I would withdraw it.
Also, from what I understand if I would deposit BRETT in it now and a week later it halves because of some big winners followed by an inflow of more RETT in the liquidity pool, my loss would kind of have been locked in as it would take much more losing gamblers but this also works the other way around. There is also the smart contract risk that someone finds a loophole draining all the funds or exploiting some kind of bug in the gambling games.
From what the active bet page shows, someone is placing 500$ bets using BRETT as the pool is extremely volatile based on those results.
That is the reason I'm only committing 20% of my BRETT stack to this Liquidity pool. It's not that difficult to do but I will see if I can make a guide next week on it and I also will keep track of my results here.
Pevious Narratives
This week, there was no now narrative from what I can tell and the GOAT coin after seeing a quick rise to 1 Billion now has started to come down. The risk also is not worth the reward for me as I don't fully understand it properly.
Emojifi also continues to go down and it remains a big question mark if it will ever go somewhere.
| Week 1 | Week2 | Week3 |
|---|---|---|
 |  |  |
New Buys
I actually added 1000 REDO to my bag since the entire Telegram narrative seems to have cooled down. It tends to be the main trend that there is hype and fomo followed by getting a small position while adding more on the way down hoping for a big revival at some point. I guess patience is one of the big.
I also bought 1000 BRETT extra to get it to 25k and to have 5k to put in the Just.Bet liquidity pool, I'm kind of tempted to get it up to 10k Brett staked in there.
I also bought 100k extra ❤️ as planned if if it would go below 100k market cap I will double my stake in it.
Last Week Portfolio Performance
Overall things remained quite stable while actually it went down harder than it loos as SOL which is the coin most of the memes are trading against went up quite a bit. Jason still is keeping quiet and I'm tempted to buy some more as I know I will kick myself if another big pump comes on the next tweet. At the same time nobody who is an owner really likes the total neglect as it all really does feel like a scam which still doesn't make any sense to me.
I also removed $SENK which pretty much rug pulled the holders moving to a new version of the coin doing a pre-sale for it but no airdrop. It's one of the many that will go nowhere and totally to zero doing -99%. The goal is to have as few as possible from these and the best strategy likely is to take out the initial investment once it doubles. At the same time, the fomo in the good times is too high to sell.
Overall, I'm still up slightly on the portfolio compared to what I put in having had some nice winners but also multiple big losers.
New Week Watchlists!
There are multiple coins that used to be hot and the main narrative which I skipped on which I now start to get tempted to buy a small bag.
These are the 2 Memecoins on Tron $SUNDOG & $BULL
$SLERF is one that also kind of still interests me given the crazy high locked liquidity. However, I don't like the actual meme that much and I don't see it having a community which got rich and it takes a lot of money to be pushed up in price. The good thing is that it might be attractive to big whales and the downside is limited to a 20M market cap from what I understand (10M from the dollars that accidentally got burned along with the entire supply)
Another coin that I started to look at is $AUTISM as I can see it as a coins that potentially could become a cult uniting many people who have autism as those tend to be drawn to crypto.
I'm also looking to further increase my position on SPX6900 if it would go into the 0.7$ range or lower again.
Current Holdings (Solana)
| Week 31 | Week 32 |
|---|---|
 |  |
Meme Coin Portfolio
| Coin | Chain | Price | Change | Holding | Value |
|---|---|---|---|---|---|
| BRETT | BASE | 0.09171$ | -8% | 25000 (+1000) | 2193$ |
| JASON | SOLANA | 0.001274$ | +9% | 1M | 1274$ |
| WIF | SOLANA | 2.35$ | -7% | 500 | 1175$ |
| PONKE | SOLANA | 0.5145$ | +24% | 2000 | 1029$ |
| MOG | BASE | 0.000002002$ | +5% | 500M | 1001$ |
| BENJI | SOLANA | 0.0004117$ | -14% | 1.2M | 494$ |
| MANEKI | SOLANA | 0.006064$ | -24% | 75k | 455$ |
| VCAT | SOLANA | 1.81$ | -15% | 250 | 452$ |
| REDO | TON | 0.2201 | -5% | 2000 (+1000) | 440$ |
| KEYCAT | BASE | 0.003406$ | -18% | 120k | 409$ |
| USUG | SOLANA | 0.0004944$ | -23% | 750k | 370$ |
| LOA | BASE | 0.005627$ | -28% | 50k | 281$ |
| BENJI | BASE | 0.01908$ | -12% | 10k | 191$ |
| SPX6900 | SOLANA | 0.8153$ | +1% | 200 | 163$ |
| SLERF | SOLANA | 0.1616$ | -22% | 1000 | 161$ |
| PENG | SOLANA | 0.1526$ | -17% | 1000 | 152$ |
| ROOST | BASE | 0.002151$ | +3% | 50000 | 107$ |
| HAPPI | SOLANA | 0.0006565$ | -21% | 160k | 105$ |
| ❤️ | SOLANA | 0.0001836$ | -43% | 500k (+100) | 92$ |
| MOCHI | BASE | 0.000008774$ | +14% | 10M | 88$ |
| DOH | SOLANA | 0.00006192$ | +22% | 1.25M | 77$ |
| LOA on Solana | SOLANA | 0.001054$ | -7% | 50k | 53$ |
| BONK | SOLANA | 0.00001953$ | -14% | 2M | 39$ |
| MAMBA | BASE | 0.0001031$ | +0% | 320k | 33$ |
| Buy Funds | - | - | - | - | - |
| SOL | SOLANA | 165$ | - | 0.05 | 8$ |
| - | - | - | - | Total | 10812$ |
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 | 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 32 | 10812$ | - | - | - | - |