Not all too much movement this week in my holdings and I was going to buy more on the dip this week which I was too late is things rebounded quickly. Right now there seems to be another dip as Bitcoin just went from 63k to 61K so I'm mainly getting some more funds ready to deploy.
Profit Taking & New Buys
The main move this week once again came from USUG getting it back to the point where it was my biggest holding despite the move being a lot smaller compared to last time. I did set a zone to take profit in case it would touch the downward trendline and that is what I did selling 25% of my bag for 500$.
I did use part of that money to get into SLERF while also adding a bit to my MANEKI bag.
I did buy 1000 SLERF currently worth around 300$. The story behind this one is that the dev accidentally burned all the tokens that were going to be send out to those who participated in the pre-sale along with 10 Million Liquidity. This made it so that the remainder of the tokens became available with already 10 million locked liquidity and nobody to dump on that. This makes it one of the tokens with a fair launch and the biggest locked liquidity 75M+ while the marketcap is 150M. I see this as one that has potential going forward for this reason as it's whale-friendly and it continues to have high volume putting it high in the trending charts day after day.
I also used the profit to buy 25k more MANEKI and I took ~170$ out of my Solana wallet to buy 2 more Defibookie NFTs.
Current Holdings
All trump related coins were hot last week as he came out as pro-crypto. I have a bet on both Tremp & Boden with the last one losing some ground. I might buy some more boden the coming week if the price continues to dip.
One of the stories this week was that there is some dissing between Drake and Kendrick Lamar which made the cat of Drake Crodie do a 70x before coming down again. This had people speculate and take a position on Taylor Swifts cat in the hope for ever something similar to happen. I just keep my entire bag in anticipation for all the swifies one day coming into Crypto and the memecoin market.
There was also some kind of relaunch of Roost where holders got coins airdropped. I haven't really had the time to fully look into it and understand why it happened. All I know is that I saw the value of my bag go down with 97% while I got 11.2k of the new roost airdropped for the 16k that I held. So it's all confusing and complicated making me lose more trust in this one.
Meme Coin Portfolio
| Coin | Chain | Price | Change | Holding | Value |
|---|---|---|---|---|---|
| WIF | SOLANA | 2.95$ | -2% | 300 | 885$ |
| USUG | SOLANA | 0.001064$ | +88% | 750k (-250k) | 798$ |
| TREMP | SOLANA | 0.6138$ | +52% | 1200 | 736$ |
| BENJI | SOLANA | 0.001219$ | +56% | 500k | 609$ |
| VCAT | SOLANA | 4.85$ | +5% | 100 | 485$ |
| BODEN | SOLANA | 0.2864$ | -35% | 1400 | 400$ |
| BRETT | BASE | 0.03454$ | -14% | 10000 | 345$ |
| SLERF | SOLANA | 0.2953$ | New | 1000 (+1000) | 295$ |
| CatGPT | SOLANA | 0.001140$ | -57% | 250k | 285$ |
| ROOST (New) | BASE | 0.02319$ | -97% | 11200 | 260$ |
| MANEKI | SOLANA | 0.004552$ | -51% | 50k (+25k) | 227$ |
| HAPPI | SOLANA | 0.007245$ | -40% | 25k | 181$ |
| PENG | SOLANA | 0.1731$ | -18% | 1000 | 173$ |
| KEYCAT | BASE | 0.003513$ | -2% | 40k | 140$ |
| MOG | BASE | 0.00000044881$ | -25% | 250M | 112$ |
| ANON | SOLANA | 0.0004439$ | -57% | 250k | 111$ |
| MOCHI | BASE | 0.00001715$ | -36% | 5M | 86$ |
| TREN | SOLANA | 0.002083$ | -20% | 40k | 83$ |
| BENJI | BASE | 0.01246$ | -33% | 5000 | 62$ |
| BONK | SOLANA | 0.00002299$ | -16% | 2M | 46$ |
| SIXPACK | SOLANA | 0.00002214$ | +2% | 2M | 44$ |
| MEW | SOLANA | 0.003519$ | -18% | 10k | 35$ |
| GTOP | SOLANA | 0.0001352$ | +12% | 200k | 27$ |
| TOPG | SOLANA | 0.00004186$ | +8% | 600k | 25$ |
| ROOST (OLD) | BASE | 0.0007113$ | -97% | 16000 | 11$ |
| - | - | - | - | Total | 6461$ |
| - | - | - | - | Profit Taken | 457$ |
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$ |
| Week 07 | 6461$ |
| - | Total Profit Taken |
| - | 457$ |
Conclusion
I'm still having plenty of fun accumulating my Memecoin bag and I'm getting closer to the 10k Portfolio value after which I will no longer put outside funds in. A week is an eternity in memecoin world so I'll be back in 7 days with the next update...Posted Using InLeo Alpha
Thanks for sharing the update! A portfolio approach seems to be the best option when attacking these memecoins! Good to see you progress and hope to see you bag some big profits in the coming weeks!
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Yeah, the main stories you hear is about somebody going 'all in' on 1 small coin and then turning 1000$ into a Million but the odds of achieving that really are like winning the lottery. On those crazy coins, everyone also sells along the say not nearly getting as much as possible. I'm just betting on the Memecoin narrative hoping to do well over time and getting in a position where all risk is gone by taking a bit of profit at times.
It's insane how much fun it has been so far despite many big drops also.
I think that's a really good approach, once you've taken the risk out you have a free run... I watch those who do the opposite approach of going big , but yeah, you need a lot of dominoes to fall in place for that... Don't they need like 8 or so bets to come in to reach the mil..
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