Sol eco bouncing back

$STONK (125 mil) platform catching a massive bid. Ngl I feel a bit retarded for not seeing this trade as It was so obvious in hindsight once RH finally corrected. Was mentioning for a while how I see coins on Sol having strong rotations once RH pulls back and this was the perfect counter trade.

$ZCAT (90 mil) generating most of the demand which is an anonymous cat pairing to Zec. Ansem bullposting it pretty hard and bringing mindshare back to Sol in the midst of a green chain correction. Zec has continued being one of the leading coins off the bottom of BTC’s recovery along with hype, lit, pump etc. Although I’m not overly bullish on the narrative and see it as a bit stale/forced, maybe I’m off on that idea but doesn’t overly excite me.

$CTO (7 mil) feels the most unique Stonk coin into penny stocks and I still have my bag. Zcat obviously being reflexive because of Zec’s performance but CTO feels the most novel out of the stonk coins and has the most upside potential if the underlying stock catches wind. The CEO has been actively bullposting the ideology and accumulating the coin himself. This weekend could get interesting as the stock market is closed until Tuesday. Zec is a 20 bil coin, Vida is a 40 mil stock. The more this coin develops, the more other stock runners fall, the more bullish I get.

$AGI (5 mil) is another one with good memetics and plays into ai16z/ai140kg from ai szn. Both coins I performed very well on and sad I missed this. Not overly novel and been done multiple times so I struggle to see it out performing other coins over a week time horizon.

$BUTTHOLE (3 mil) was the OG runner that sparked the Stonks platform. We’ve seen first movers performing now there’s more volume and conviction on trade ideas. Honestly I could see this performing well as a non consensus trade despite it being relatively simple, kind of like how AI was the first mover for Long and went through a longer distribution phase before sending.

Obviously RH still holds the premium as Solana doesn’t have a native exchange which becomes a future catalyst for coins. Trying to map out a thesis for why Stonk/Sol meme stocks would outperform RH is quite hard. Seeing how fast price rerates with a successful coin like Zcat is impressive to see, if we saw a novel coin like CTO perform it would also give traders greater confidence due to multiple narratives performing at once.

Pump has also been put into a precarious position as they’re fighting both Fomo and RH for mindshare and liquidity. Now Stonk has entered the picture on their native chain, they’ll be forced to incentivised buybacks on meme stocks for their platform. Even still I think it’s a decent long at 0.004, ideally a genny long would be from 0.0033. Sol is in price discovery until 145 and Ansem is holding a strong accumulation range. They’ve turned 100% of revenue to token buybacks and call out rewards.

I see RH dominating for the coming months but Sol will offer the contender position and be a push pull dynamic between rotations.