Memecoins
Top Crypto Trader Shares His 5 Meme Coin Portfolios, Calling One “This Cycle’s DOGE”
A major cryptocurrency trader Smiley Capital shared his meme coin wallet, which he says will generate significant returns.
What happened: Smiley Capital has unveiled its memetic portfolio which includes Grandpa PEPE/USD, MUMU, DOG THE NFT, POPCAT and MOG.
UNVEILING THE LONG-AWAITED SMILEYLARPITAL MEMETIC PORTFOLIO
Yes, I know I’m 2 months late. If my assistants can’t do it, I’ll probably be late for everything. Sue me.
So, without making this a super long article, let’s get straight to the point:
I focused on accumulation only… https://t.co/pBBvr0Te2d
— 🙂 (@smileycapital) July 22, 2024
PEPE is the trader’s “most famous bag” and largest portfolio, which he has accumulated to a value of between $400 million and $500 million. He calls it “Dogecoin DOGE/USD of this cycle” and the top meme coin of the cycle, targeting a $50-100 billion market cap thanks to PEPE which is “the best beta of Ethereum and Trump with low unit skew.”
Mumu the bull MUMU/USD, similar to PEPE, is a meme that has been used in financial markets, including cryptocurrencies, since 2018, according to the trader. He calls it a “memetic bull-leading token, on the most famous online casino named Solana.” His target is between $5 billion and $10 billion for MUMU.
DOG THE NFT According to Smiley Capital, the DOG/USD pair is the “Mona Lisa of cryptocurrency.” He believes that when DOGE “multiplies 10x or 15x, add a zero to DOG’s gains.” The trader predicts a valuation of $10 billion to $15 billion for the meme currency.
Popcat According to him, the POPCAT/USD pair will “make the normies laugh” and will therefore reach 5 to 10 billion dollars. Finally, Mog Coin MOG/USD, “the embodiment of Zoomer TikTok/Instagram culture,” is his “biggest cultural bet.” He considers it the best ETH/PEPE bet with a target of $20-25 billion.
Read also : Dogecoin, Shiba Inu, Pepe Will Still Have A Supercycle, But ‘2021 May Never Happen Again,’ Trader Thinks
Why is this important: Smiley Capital revealed that he accumulated these five coins during the second half of 2023 and the first quarter of 2024. He believes that concentrated conviction with size beats a “spray and pray” approach, especially with meme coins that have no fundamental or long-term value.
He also mentioned that he bought all of these tokens on the open markets and went up 5-12x on each of them, but he plans on not selling the majority until the bull market peaks.
And after:The influence of meme coins is set to be explored in depth at Benzinga’s upcoming conference The Future of Digital Assets event on November 19.
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