Third cycle in crypto, and I haven't been this convinced about a meme narrative since $PEPE.
I was early in $SHIB. Fumbled it around $5M mcap. There wasn't even a real narrative yet, but it turned into generational wealth if I held.
Then came $PEPE. I was extremely early again. This time the narrative was obvious, and I genuinely thought it was the strongest meme play out the cycle. Still fumbled around $30–40M because I let FUD get to me.
Now we're in my third cycle, and I've found the one I'm betting on.
$WANGCHAI the Chinese $DOGE. 🐕🇨🇳
The thesis couldn't be simpler.
旺柴 is an iconic WeChat dog meme. Instantly recognizable, incredibly memeable, and genuinely likeable.
WeChat has 1.4B+ monthly active users. That's an enormous existing cultural audience, even if only a fraction ever discovers the token.
And it's on the yellow chain, BSC. 🟡
I spotted it around $1M mcap and started accumulating from $3.5M after watching the positive price action. It was literally the ONLY token on my watchlist I kept watching daily.
I've watched it closely ever since, and things are really starting to brew.
The narrative is already there. The meme is already established. The cultural recognition is already massive.
Of course, none of that guarantees the token succeeds. But after fumbling $SHIB and $PEPE, I know what kind of opportunity I'm looking for.
This is my conviction play of the cycle.
Third time's the charm?
$WANGCHAI
Wild part about WangChai is it’s never had a good market to run in.
Called it at 7M, it went to 25M while BTC was bleeding, and it’s been chopping out paper hands ever since.
> A face a billion WeChat users already recognize
> @eth_cedric calling it the Chinese doge
> @0xSunNFT and other massive key figures engaging
Imagine what it does once BTC + BNB actually go up.
Still positioned, very similar to my UTYA thesis.
Traders don't see it yet, but this trendline is likely to get broken any day now, regardless of BTC, as people continue bottom fishing.
One giga chad steps in and prices them all out at once.
Once price begins drifting away from the trendline that's held it in a downtrend, a certain enlightenment starts to take over the trader's mind.
They don't know why it suddenly looks so good all of a sudden, and then comes the flip in market structure (breaking the last lower high).
⏰
WangChai is still downtrending, but price swings are heavily compressing. There is also low transaction activity and volume (something I look for in the close proximity of the bottom).
All goes well with BTC reversal? This will be back at 10M in a couple days.
You might be able to slide in some cheap entries while the BTC reversal takes shape.
This is the first coin to make it onto my highest priority bull market allocation list in over a year. I don't think I've shared this list publicly yet, I was debating making a 1-2HR breakdown video including each coin. Maybe.
When I was buying coins in 2023 during corrections like this, it was the "scariest" but most rewarding time to buy.
Admittedly, I kept fomo buying on the way up too, as I could have gone much heavier at the lows but didn't have the courage to do so.
Coins running to 20–40M during wave 1, then correcting back into the low millions before a new wave up begins, is a fairly common pattern.
Just go and take a look at prior big names. There are plenty of examples to look through.
Trend shifts from lower levels are a lot easier to work through:
>Exceed a prior lower high
>Txn + volume increase
>Less $ capital is required to move market caps
>The cause of the lower levels is weakness in majors, if that trend is also shifting, it acts as a massive tailwind.
>One single large buyer can reprice the chart multiple millions in market cap, marking the low (like last time).
I want to see what WangChai does during a broader market uptrend, as it never had the opportunity to ride one.
BTC going up and clearly reversing massively triggers urgency to bid good coins - that's why it's important.
Right now there's no urgency to buy anything (other than smart accumulation on dips).
Sure, a random catalyst could pump the WangChai chart, but there's no longevity in that move unless majors are pressuring buys across the board.
I found the timing of this guy's buys and thesis super interesting.
About 45 minutes before Cedric's post about November. A fresh account, with not much trade history and zero thesis posts prior to WangChai.
Accumulating $50K worth.
I like to speculate.
"It won't be long before my trade starts to make sense."
At a bare minimum, he's a chad.
Or it's Cedric's alt. 😹