Our First Memecoin Buy

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Ahoy Altcoiners!

It’s the moment we’ve been waiting for - Altseason is peeking around the corner, and it’s bringing major energy. If you’ve been keeping tabs on Bitcoin dominance (and who hasn’t?), you’ve noticed it’s slipping faster than meme coins in a bear market.

Last Friday, we reported that Bitcoin’s dominance dropped from 60% to 57%, and over the weekend, it slid even further to 54%. As of today, it’s bounced back a smidge to 55%, but the trend is clear: the market is shifting.

So, what does this mean?

When Bitcoin dominance drops, value often flows into altcoins, giving them their moment in the sun. Think of it as Bitcoin saying, “Okay, you guys can play too.”

The result?

Altcoins start flexing, and their prices pump. Hard. 💪💰

You already know some of our favorite altcoins, but let’s talk about a few names that are getting some serious institutional attention. Enter Grayscale.

Grayscale isn’t just the OG of the institutional Bitcoin trust - they’re diving into altcoins too.

Their strategy?

Create altcoin-specific trusts that might eventually convert into ETFs. Their picks are coins they believe are primed for long-term growth and they wrap them into a trust which makes them accessible to traditional finance players who can’t just YOLO into Binance.

Why does this matter?

• Access: Traditional investors can buy these trusts like any stock.

• Motivation: Grayscale has every reason to see these coins thrive.

Here’s the full lineup of Grayscale’s altcoin trusts:

You can bet most coins on this list will do just fine. Not "15,643% memecoin moonshot" fine, but the stable, sensible growth kind of fine.

There are a few coins on this list that don’t vibe well with us:

• Ripple (XRP)

• Stellar (XLM)

• Bitcoin Cash (BCH)

• Ethereum Classic (ETC)

• Litecoin (LTC)

• Zcash (ZEC)

Now, these coins might pump (the market is irrational AF right now, thanks to meme mania 🐕), but for us, they feel like relics of the past. Need more context? Hit us up, and we’ll spill the tea.

Our 1st Memecoin Trade

Yep, we finally caved. Forget fundamentals, tech, team, and vision - this time, we’re all about the pumpamentals. 🚀🐓🐟

We bought some Smoking Chicken Fish (SCF).

SCF is a Solana-based memecoin born on Pump.fun and now trading on Raydium. Want in? Just load up your Phantom wallet with some Solana, then swap for SCF. Easy peasy, degens.

We are buying between $0.02 - $0.025 per SCF.

We’re eyeing a 2x (or more) on this one. ⏳ Whether that takes a few weeks depends on how long memecoin mania lasts - and if the hype cycles back to solid memecoins or sticks with the “new and shiny” pumpers.

Smoking Chicken Fish isn’t just a meme - it’s a movement. They’ve gone full-on next level with a registered church in Texas (yes, The Church of the Smoking Chicken Fish) and their own hilarious lingo like the Chickenmandments (10 commandments), Brothism (baptism), and more.

It’s got more staying power than your average fly-by-night meme pump.

But let’s be real... it’s absolutely ridiculous, and we can’t believe we actually bought some. 🐓😂

• Current Portfolio with real-time values and holdings.

• Complete List of Trades.

• Curious about our 10-10-10 challenge? Visit our Challenge Page for the details

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Disclaimer: The content from Hodl Report should not be taken as trading, investment or financial advice or solicitation to buy or sell any assets. This newsletter is for informational and educational purposes only. Please be careful out there and DYOR (do your own research).