Meme Coins Week 39 | 600$+ PENGU Airdrop!

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...

The Journey into Memecoins continues and this week there was an unexpected surprise withe the PENGU airdrop, aside from this though it feels like the memecoins continue to go down in value as the market is really getting saturated with so many different ones. Money kind of rotates out of the old ones and into many of the new ones.

Pengu Airdrop!

About a day ago, Pudgy Penguins came out with their memecoin which came along with a big airdrop which includes people who have been using solana. I'm not exactly sure what the requirements are but I believe swapping something in Phantom Wallet was one of them. Since I use solflare I assume that interacting with magiceden likely might have been factor since I did get the Participation 'SOL DIAMOND HANDS" airdrop which was 19644 PENGU or 636$ at the time of checking.

I sold 9644 PENGU and will be keeping the 10k that are left which overall gives a nice boost to what otherwise was a pretty bad week for the portfolio.

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Other Portfolio News

It looks like $LOA (Law Of Attraction) is kind of dead after there was some kind of exploit I have not enough time to really look into.

The reality of memecoins is that you mainly just want to back the winners instead of trying to go wild with a micro cap in the hope it gets picked up one day and does a crazy multiple. It remains a situation where money just flows from one narrative into another and AI Memecoins seem to be the place it all goes to right now. I always try to avoid buying into a big pump but instead add some once the narrative cools down with the danger that it will never really return.

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New Buy!

Under the narrative to own the biggest memecoin on each chain, I had my eye on Sundog for a while but never bought as there was the hassle of the Tron Blockchain. Eventually having 250$ to spare on my Binance account, I ended up withdrawing it to my TRX wallet I still owned from 2017 to buy some $SUNDOG but as feared the network fees are ridiculously high at 5$+. So I have a tiny bit of exposure now with no intention whatsoever to buy more. The way things go with these coins that once they get hot again (if they ever do) it won't be possible to buy as the price pumps so quickly that you need to chase.

Added To Positions!

I added some smaller positions of some coins that I already own mainly buying $PONKE which I hope will hold the support line if it reaches there.

I also added a little bit of $POPCAT | $KEYCAT | $RETARDIO | and RIZZ.

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Watchlist!

I'm still looking to increase my position in SPX6900 from 1600 to 2000 if it reaches the low 0.6$ again and have some other price targets to possible add more.

If $CHILLGUY reaches as low as 0.2$ I might add a bit.

If $FWOG traces back all the way down to around 0.17$ I might also buy some of it.

If $POPCAT touches the upward support line I might also increase my stake a bit probably around 0.75$.

Current Holdings (Solana)

Week 38	Week 39

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Meme Coin Portfolio

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1B + COINS	Chain	Price	Change	MC	Holding	Value
BRETT	BASE	0.1590$	-10%	1.74B	20000	3180$
MOG	BASE	0.000002662$	-21%	1.03B	500M	1331$
WIF	SOLANA	2.48$	-16%	2.48B	500	1240$
PENGU	SOLANA	0.03415$	New	3.05B	10k	341$
POPCAT	SOLANA	1.21$	-13%	1.18B	250 (+50)	242$
BONK	SOLANA	0.00003366$	-11%	2.55B	2M	67$
-	-	-	-	-	-	6401$

100M+ COINS	Chain	Price	Change	MC	Holding	Value
SPX6900	SOLANA	0.6842$	-5%	637M	1600	1094$
PONKE	SOLANA	0.3890$	-19%	214M	2500 (+300)	972$
MOODENG	SOLANA	0.3316$	-12%	329M	1000	331$
CHILLGUY	SOLANA	0.2625$	-22%	262M	1000	262$
SLERF	SOLANA	0.2046$	-12%	102M	1250	255$
BITCOIN	BASE	0.22224$	-14%	222M	1000	222$
SUNDOG	TRONE	0.1231$	New	123M	1750	215$
-	-	-	-	-	-	3351$

10M+ COINS	Chain	Price	Change	MC	Holding	Value
KEYCAT	BASE	0.006053$	-25%	60M	125k (+5000)	756$
MANEKI	SOLANA	0.006164$	-27%	55M	75k	462$
REDO	TON	0.2209$	-33%	22M	1960	433$
BENJI	BASE	0.03460$	+33%	34M	10k	346$
SFC	SOLANA	0.02992$	-33%	44M	10000	299$
RETARDIO	SOLANA	0.07087$	-44%	71M	2500 (+5000)	177$
PENG	SOLANA	0.1512$	+0%	15M	1000	151$
MOCHI	BASE	0.00001382$	+6%	14M	10M	138$
-	-	-	-	-	-	2762$

1M+ COINS	Chain	Price	Change	MC	Holding	Value
AUTISM	SOLANA	0.00124$	-15%	1.1M	100k	124$
ROOST	BASE	0.001554	-13%	1.5M	50000	78$
LFGO	SOLANA	0.001528$	-43%	1.5M	25k	38$
-	-	-	-	-	-	240$

100k+ COINS	Chain	Price	Change	MC	Holding	Value
JASON	SOLANA	0.0007177$	-15%	717k	1M	717$
BENJI	SOLANA	0.0002735$	-12%	271k	1.2M	328$
USUG	SOLANA	0.0002717$	+7%	271k	750k	204$
VCAT	SOLANA	0.3112$	-30%	382k	500	156$
LOA	BASE	0.002339$	-63%	233k	50k	117$
MAMBA	BASE	0.0001116$	+20%	277k	320k	35$
-	-	-	-	-	-	1557$

100k- COINS	Chain	Price	Change	MC	Holding	Value
❤️	SOLANA	0.00003820$	-13%	38k	2M	76$
LOA on Solana	SOLANA	0.001079$	-13%	53k	50k	54$
RiZZ	SOLANA	0.00005306$	-45%	53k	1M (+500k)	53$
DOH	SOLANA	0.00003626$	+8%	30k	1.25M	45$
HAPPI	SOLANA	0.00009003$	-27%	90k	160k	14$
-	-	-	-	-	-	242$

Total Memes	Total Buy Funds	Total Protfolio Value
14553$	456$	15009$

Previous Weeks

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

Posted Using InLeo Alpha

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$	-	-	-	-
Week 33	12244$	-	-	-	-
Week 34	15155$	-	-	-	-
Week 35	16936$	-	-	-	-
Week 36	19342$	-	-	-	-
Week 37	18164$	-	-	-	-
Week 38	16508$	-	-	-	-
Week 39	15009$	-	-	-	-