Coins Pumping!
2 of the coins in my portfolio had a big Pump last week. The First one is $LOA (Law Of Attraction) which I really like as a gimmick concept for a memecoin to possibly succeed.It's one that I have been cost-averaging on the way down for a while now getting to a position of 50k LOA at an average price of 0.0166$ which now after what hopefully is an initial pump got me back to break even. From what I understand, they will branch out to Solana and there will be an airdrop for anyone that has 50k LOA and submits for the airdrop. I'm lucky that 50k was my exact number so I should be seeing more coins dropped in the near future.
I'm just holding on and I'm not selling into the pump seeing this one as a coin with an active community/team that has way more upside potential. At the same time for all I know, it will drop all the way down again.
The 2nd Coin that pumped by over +100% is $REDO on the Ton Blockchain likely as a response to the arrest of the Telegram founder in France. The main narrative is that the main meme on each chain will do really well if the blockchain actually get some good adoption.
Accumulation
I have been and will continue to accumulate $JASON as I see it as a coin that is falsely seen as another celeb scam. I still believe Jason is comitted to support it for at least this cycle. From what I understand, he wants to onboard part of his fanbase into crypto and one of the ways he plans to do this is to have QR codes on concert tickets that people can scan and which will give them 5$ or so of Jason coin. The way things played out with him originally getting scammed int making a tweet that launched the coin on Pump.fun and him actually taking over with the price crashing is not a bad thing. It's now easy for him to get a larger part of the supply and control the price while what you want is for fans wo receive 5$ of jason to do this at the bottom and not at the top. The fact that he's quiet about the coin for a while I feel is deliberate. He did a couple days ago post something in the Telegram showing that he's still around and to combat the fud I guess.
This caused a pump from a 1M to a 2.5 Million market cap now having come down again (as a lot of the buys at the time likely were just traders looking for quick profit).
I did add a bit to my position which now is at 550k JASON but I want to get to 1M preferably as this is the coin for me with the best risk/reward. There are no influencers who is hyping this (look at what happened to Landwolf, Catdog, ... who were all projects at the same time shilled by many influencers), it does have a leader who has the funds and the reach and right now has no reason to give up or abandon. This while the price is down 97% from the highs and a market cap that is a total joke and easily can be pumped. So whenever possible I will continue to add a bit more trying to reach my 1M JASON Coins.
ROOST Drama
Roost was another project that at the time it was released there was a big hype around which got them to a big community and 15k+ people on Telegram. There have been multiple 'stunts' in an attempt to advertise but overall it's been downhill ever since they opened with a high market cap. Last week there was more drama as the person who held the wallet which had the reserve coins of the team got hacked by someone who claimed he wanted to invest which saw that supply 1-click-dumped on the market. This very much might have been the end as everyone seems to stopped believing and many lost a lot of money. I never really liked the meme itself which got me to only invest a limited amount which I consider lost as I don't see them recovering.
This also shows how vulnerable many of these Community takeover coins are and not much is needed to totally crush them. Once a negative sentiment is reached, it's almost impossible to recover.
New Week Watchlists!
I'm kind of tempting to also get some on Tron Memecoins ($SUNDOG & $BULL) who look to be the 2 main candidates. This mainly because Justin Sun will likely see what he can do to pump it up in an attempt to get more people to actually use Tron. I'm also tempted to add to my $SENK position as it is reaching new lows after a pump a while ago. The community is still active and it feels like one that could survive and do good things if a real bull market comes back.
Current Holdings (Solana)
| Week 22 | Week 23 |
|---|---|
 |  |
Meme Coin Portfolio
| Coin | Chain | Price | Change | Holding | Value |
|---|---|---|---|---|---|
| BRETT | BASE | 0.08236$ | -11% | 24000 | 1976$ |
| LOA | BASE | 0.01643$ | +167% | 50k | 822$ |
| WIF | SOLANA | 1.58$ | -3% | 500 | 810$ |
| JASON | SOLANA | 0.001382$ | +41% | 550k (+150k) | 760$ |
| REDO | TON | 0.6072$ | +102% | 1000 | 607$ |
| MOG | BASE | 0.000001059$ | -5% | 500M | 530$ |
| BENJI | SOLANA | 0.0003862$ | -27% | 1.2M | 463$ |
| DONKE | SOLANA | 0.0000845$ | -1% | 5M | 422$ |
| PONKE | SOLANA | 0.2925$ | -12% | 1400 | 410$ |
| MANEKI | SOLANA | 0.005348$ | +27% | 75k | 401$ |
| VCAT | SOLANA | 1.28$ | +24% | 250 | 320$ |
| SENK | SOLANA | 0.0002377$ | -20% | 1M | 237$ |
| BENJI | BASE | 0.02064$ | -3% | 10k | 206$ |
| USUG | SOLANA | 0.00022262$ | -22% | 750k | 167$ |
| SLERF | SOLANA | 0.1559$ | -1% | 1000 | 156$ |
| PENG | SOLANA | 0.1236$ | -4% | 1000 | 124$ |
| MOCHI | BASE | 0.000009357$ | +4% | 10M | 93$ |
| DOH | SOLANA | 0.00006983$ | -4% | 1.25M | 87$ |
| KEYCAT | BASE | 0.0005773$ | +7% | 120k | 69$ |
| ROOST | BASE | 0.001109$ | -40% | 50000 | 55$ |
| MAMBA | BASE | 0.0001447$ | -42% | 320k | 46$ |
| BONK | SOLANA | 0.00001844$ | -2% | 2M | 38$ |
| HAPPI | SOLANA | 0.0001791$ | +43% | 160k | 29$ |
| Buy Funds | - | - | - | - | - |
| SOL | SOLANA | 144$ | - | 0.05 | 7$ |
| - | - | - | - | Total | 8835$ |
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 | - |
| Week 05 | 4631$ | Week 15 | 10177$ | Week 25 | - |
| Week 06 | 6511$ | Week 16 | 10207$ | Week 26 | - |
| Week 07 | 6461$ | Week 17 | 11846$ | Week 27 | - |
| Week 08 | 8536$ | Week 18 | 11678$ | Week 28 | - |
| Week 09 | 9829$ | Week 19 | 10889$ | Week 29 | - |
| Week 10 | 14262$ | Week 20 | 8856$ | Week 30 | - |
| - | - | - | - | - | - |
| - | - | - | - | - | Total Profit Taken |
| - | - | - | - | - | - |
The meme game has been pretty tough lately. There are so many of them getting pumped out there it's a lot of people to sort through.
Besides liquid staking I feel like we haven't gotten to see what the new mouse trap. Last cycle we saw all the liquidity pools and farming but this cycle those farming tokens have remained low and we have had insane amount of memes being produced.
When you see the new TON logo do you think it is a dog with a cloak on?
The way that I understand it, Ton took the Resistance Dog Logo (which is a dog with a cloak on) as their logo which made me more bullish on REDO. I just looked it up and it indeed looks to be the case and one of the reasons for the recent pump.
I can see a time where the entire memecoin space just collapses just like all the Defi Farming in the past. remember when Yam first was released which is one that started the entire bubble. Fundamentally it's almost exactly the same as nothing really is behind it aside from some greed and dreams. The key (and probably the hardest part) will be to get out in time not too soon and not too late. It also is a requirement for the general public to get back in crypto for everything to go wild. In the end, the majority will get burned by the Memecoins and only few will end up major winners. It sure is very interesting to see how it all will play out.
That is interesting with the logo change for TON.
Each cycle there seems to be the replication and over proliferation of coins or tokens. In the 2013 cycle there were all these Litecoin clones being puked 🤮 out. DOGE being one of the only real survivors.
2017 / 2018 were all the ICO tokens.
2021 were all the farming tokens and NFTs.
This time it is like it went back to mainly memes and a lot of stuff was primarily flat. That is what makes me think we really might collapse in the next couple months before we get really rolling again for a blow off top in 2025.
We just haven't had a uniquely new narrative this time around. A new mousetrap that looks different.
The proliferation of memes and then legit projects just being flat and dead in the water is concerning. I mean even look at ATOM. The price action has been completely dead.
What worries me is people aren't going to have the money to allocate to it because there teeth have been kicked in by inflation.
It's like a lot of people feel like we are going to go have the cycle end this year vs next year and I'm not so sure.
Mining is really unprofitable right now so maybe a bunch of those mining companies will get crushed and we have a second miner capitulation before we can really go higher.
!MEME
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Credit: filosof103
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