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Digital Slowmad newsletter
12 July 2024
Crypto portfolio update
Exposure: 100.0%
Net return: 828.5%
Comments: After a month's break, the newsletter is back. I've spent the last few weeks studying the shifting crypto meta, touching grass, and developing my next major thesis.
While this was happening, the floor fell out from under memecoins... as predicted in the private group on 3 Jun:
![slowmad sells memecoins slowmad sells memecoins](https://digitalslowmad.com/wp-content/uploads/slowmad-memecoins.png)
![solana memecoin prediction](https://digitalslowmad.com/wp-content/uploads/solana-memecoin-predict.jpeg)
The memecoin narrative could take the spotlight again in the future... but for now it's dying down with most participants either round tripping their bags or heavily underwater.
As usual, it's the insiders and KOLs who end up winning while their followers get rinsed.
![ansem shill roi ansem shill roi](https://digitalslowmad.com/wp-content/uploads/ansem-shill-roi.png)
More recently, celebcoins - led by led by Iggy Azalea's MOTHER token which was heavily endorsed by Ansem - became the next hot thing.
No prizes for guessing how that's working out:
![Iggy Azalea mother token chart Iggy Azalea mother token chart](https://digitalslowmad.com/wp-content/uploads/Iggy-Azalea-mother-token-chart.png)
According to a certain high profile KOL this is "net positive"
![amber rose scam amber rose scam](https://digitalslowmad.com/wp-content/uploads/amber-rose-scam.png)
Shenanigans behind yet another celebcoin
Over and over again, people get fooled by influencers and never learn their lesson until they're out of money.
This has happened so many times over the last two years that it's now my default expectation - people think they're getting free alpha when they're the ones getting farmed (as alpha) by insiders.
If your portfolio is even flat over the last 6 months, you've outperformed the majority of CT.
Current allocation:
![](https://digitalslowmad.com/wp-content/uploads/allocation-240705.png)
Fully allocated - details in private group
🔎 New thesis
Five months ago I had a thesis on Solana memecoins that I shared with the private group.
At the time, the memecoin narrative had yet to really kick in and we got into WIF around $0.90.
But while I got the entry timing right, I got the exit timing wrong - the narrative ran for a shorter period than expected.
So while I enjoyed significant paper gains at first, I gave most of it back as prices turned in Q2.
Thankfully, I walked away with a net gain... but that's not the best part.
The rapid exhaustion of the memecoin narrative provided the building blocks of my next thesis... which is what I think will trigger the altcoin bull run.
I'll share this thesis in due time but as usual my priority is with the private group and giving members ample time to get positioned first.
Admin update
- If you missed the previous newsletter, you can read it here.
- New here? Join this newsletter for free.
- Want to join the private group? Click here
🎮 Steam summer sale 2024
I have a love-hate relationship with the Steam summer sale. So many good games on discount, so little time to play them.
My Steam library grows each year with titles I've yet to even install... and it looks like this year will be no different.
Shut up and take my money.
Quote of the week
Pain can be a prison or a platform. You get to choose.
- Unattributed
Thanks for reading, and have a great weekend.
Cheers,
Slowmad
![](https://digitalslowmad.com/wp-content/uploads/slowmad-profile.jpeg)
P.S. If you have any questions or feedback, let me know at: chris[at]digitalslowmad[dot]com
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