i went long a couple of 'new' memecoins today: • $FARTCOIN • $PIPPIN • $POPCAT thesis: • extremely oversold memecoins that are down 95–98% from ATHs and had peak mindshare for months during the last memecoin rally • pretty decent OI and volume • very strong spot and perps listings — POPCAT and PIPPIN are on Robinhood, Coinbase, and several other top-tier CEXs, while FARTCOIN is on Coinbase, Binance perps, Hyperliquid, and several other top-tier exchanges • $FARTCOIN in particular is crazy underrated. for comparison, $SPX currently has a 2.4x higher market cap than FARTCOIN even though they both had similar ATHs, and FARTCOIN arguably has higher mindshare • i think odds are good that the market as a whole has bottomed at least for a while, which should make it easier for these coins to move • i think odds are good that these coins do not make new lows even if BTC tries to tag the lows again or make new lows • all are $SOL memecoins. i expect SOL to outperform from here, which is bullish for the Solana ecosystem and memecoins, so i expect them to retrace a meaningful portion of the aggressive selloff they've had • i'm targeting at least a few Xs on these • while i have good reason to believe these memecoins have bottomed, i'll happily cut at any time if things do not play out as i anticipate i've posted more detailed theses on all of the above coins in the past. with FARTCOIN in particular, i turned roughly ~$300k into $8m before getting wiped out on 10/10. i'm essentially trying to repeat that trade with a smaller amount. the core thesis for all of the above coins remains largely unchanged from what i've posted previously (feel free to search my X if you're interested); i just think the timing is much better now i think it's important to add that i'm not calling a full macro bottom on $BTC & crypto here (although i'd be happy if we have). i originally believed the 4-year cycle was dead, and i ended up being wrong. if the 4-year cycle plays out as it has in previous cycles, we might not fully bottom until Q4. that said, these memecoins could still deliver easy 2–5x moves or more in a bear market echo rally any way you look at it, i think the R/R favors being long here