focus likely on Elon Musk-related coins heading into Trump's inauguration on Jan 20
especially with the Department of Government Efficiency (D.O.G.E) officially launching then
what are the top Elon-narrative memecoins worth paying attention to?
attaching a table of those i'm holding or watching
this is not financial advice, obviously
$SOL to $1,000 is one of those targets that sound ridiculously unbelievable until it happens
then it makes sense in hindsight
it's ironic that many expect $ETH to hit $10,000 but struggle to comprehend how SOL could hit $1,000
ETH at $10,000 will be $1.25 trillion market cap while SOL at $1,000 puts it just under $500 billion market cap
pretty much every major crypto trend that requires a lot of on-chain activity this cycle has happened on Solana
initially it was memecoins
and everyone downplayed that by saying 'memecoins are vapor and real builders are on other chains'
and now it is AI agents
AI and memecoins are the two biggest trends of this cycle by far
and Solana has so far had the lion's share of mindshare for both when it comes to sheer number of projects launching and on-chain activity
like it or not, Solana has won this cycle as far as escape velocity and traction is concerned
and the more popular Solana gets the more likely it is that the overwhelming majority of new trends will play out on the chain
those who struggle to understand how $1,000 per SOL is even conceivable are underestimating how wild things can get during a bull run
last cycle ETH started with a sub $15 billion valuation and hit a peak valuation of $571 billion
it also happened under a different climate: less regulatory clarity, no political support/recognition, and without the level of institutional engagement crypto has this cycle
SOL literally has everything in its favor now
people can cope however they want:
'but the inflation was crazy'
so was the ETH inflation last cycle and that didn't stop it from hitting $571b market cap
'but supply overhang from unlocks'
many keep pushing this narrative as if it is the end of SOL
when in reality every major cryptocurrency has been plagued with supply overhangs at some point
e.g. BTC had Mt. Gox, Grayscale, and US + German govt supply overhangs this cycle and that hasn't stopped it from making new ATHs
odds are that the unlocks stuff is already priced in
IMO the key determinant as to whether SOL hits $1,000 this cycle will be traction it has relative to every other blockchain
and it seems to have that in the bag
I’m a Coinbase One member, which gives me access to a concierge service where I can reach out to a dedicated customer support rep whenever I need to.
Today, I called them to ask about improving Solana transaction times. I told them I pulled all my funds off Coinbase and that, unless this issue is addressed, I and many others will continue to do the same.
I respect @coinbase and what they’ve done for crypto, but it’s time to take action. I’m letting my money do the talking.
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Department of Government Efficiency / $DOGE is up 100% from my initial tweet about it yesterday
and it has essentially outperformed every memecoin that had a similar market cap or higher in the same timeframe
and we still have 17 days to go until the Trump inauguration when the actual Department of Government Efficiency will be formed
i find it ironic that people literally watched Elon pump $KEKIUS which was a random and unknown memecoin from sub $10m to $400m market cap in 24 hours simply by changing his name and making a few tweets
yet they continue to fade the Department of Government Efficiency memecoin which is based on a narrative he has memed harder than any other this cycle and will continue to meme throughout the Trump administration
Elon literally pioneered the idea of memecoins as we know it
Dogecoin was a mere $300m market cap token when Elon first tweeted about it, and Elon pretty much singlehandedly sent it to $88 billion market cap in 2021 by posting Shiba Inu pics and doge memes
then he repeated the same with SHIB which rocketed to $40 billion+ market cap the same year simply because he was posting Shiba Inu memes and tweets as a way to reference Doge
Elon will be posting about the Department of Government Efficiency / D.O.G.E narrative heading into the raging 2025 bullrun
and the memecoin named after the department will benefit the most from his memeing it
it's been barely 24 hours since this tweet and memecoins are already making a move
- Department of Government Efficiency / $DOGE ('DOGEGOV' on CEXs) is up 79% in a day and looks primed for new ATHs
- Murad's $SPX is up 27% and just hit $1.2 billion market cap which is an all-time high
yet just days ago you had people telling you that memecoins are dead for good 'because AI agents are the only thing that matters now'
'Murad is retarded and his bags are going nowhere'
'bonk guy is wrong and his bags are dead for good'
what differentiates winners that make generational wealth in crypto from losers is that winners are able to sit on their hands with conviction on high-conviction picks and HODL until their thesis plays out
losers are easily swayed by the slightest FUD and are always eager to rotate to the next narrative, often losing most of their money in the process because they do such a bad job at it
i want to be very clear:
i trade AI
but i also trade memecoins
i'm pretty sure i've said more than half a dozen times in the past year that the following three narratives will be the main narrative this cycle:
- memecoins
- AI
- RWA
i'm sizably exposed to all three narratives and will be fine regardless of whichever does well
i do expect periods of outperformance from one sector vs the other two at certain points throughout the cycle however
a 'rotation' of sorts
the fact that one sector is currently outperforming another should not be interpreted as a sign that the other is dead
memecoins are going to move explosively soon with the majority of majors making new ATHs
like it or not, memecoins are here to stay this cycle
i'm making a list of major catalysts for memecoins in Q1 2025
some things that come to mind:
- the Department of Government Efficiency gets set up on Jan 20 after Trump inaugaration = bullish catalyst for the 'Department of Government Efficiency' memecoin and Dogecoin
- BONK ETP goes live in the US
- FLOKI ETP goes live on SIX Swiss Exchange, the third largest stock exchange in Europe
i believe Q1 will be massive for memecoins and it would be good to have a list of important catalysts that could impact specific memecoins or the entire sector
what big memecoin catalysts are you paying attention to?