Consider accumulating Sui (SUI), a top conviction pick, within the $1.30 to $1.70 price range due to its strong price action and a potential Vanguard ETF catalyst. Other core holdings to consider are Kaspa (KAS), which appears to have bottomed around $0.05, and Hyperliquid (HPT), a strong play on the perpetual DEX narrative with a recent entry point near $31. For exposure to the memecoin ecosystem, the Pump.fun (PUMP) token is a potential buy near its support level of $0.0025. For higher-risk plays, Troll (TROLL) is viewed as a strong risk/reward accumulation around its $30 million market cap. Conversely, a high-conviction short opportunity exists in Pippin, which is seen as a candidate to be shorted to zero using low leverage.

Sui (SUI)

• The speaker describes SUI as their biggest conviction and largest holding in their spot portfolio.
• A key bullish factor is its price action; it reacts very strongly on green market days, with the speaker noting a recent 30% pump in 24 hours. They advise selling projects that don't recover strongly like SUI does.
• The ecosystem is showing strong signs of life, with high on-chain activity, particularly in stablecoin volume, which is in the top five of all ecosystems.
• A major potential catalyst mentioned is the news that Vanguard may make SUI available for purchase through ETFs.
• The speaker personally bought more SUI at $1.52 on the day of the podcast.

Takeaways

• The speaker is highly bullish on SUI.
• They consider any price between $1.30 and $1.70 to be an "extremely cheap" accumulation zone.
• The project's ability to post strong bounces is seen as a sign of strength and a reason to favor it over other altcoins that remain suppressed.
• Potential future inclusion in Vanguard ETFs could be a significant price catalyst.

Kaspa (KAS)

• This is another one of the speaker's main picks, which they have been accumulating since 2023.
• The speaker believes KAS has bottomed out around the $0.05 level and does not see it going lower.
• A major narrative is its decentralized, fair-launch nature (no pre-mine, no team allocation), which contrasts with projects favored by exchanges like Binance.
• The fact that it is not listed on Coinbase or Binance is presented as a double-edged sword:
  • Pro: A future listing would be a massive positive catalyst for the price.
  • Con: There is a risk it may never get listed on these major exchanges.
• The speaker's sentiment is that it's "extremely cheap right now."

Takeaways

• The speaker is bullish on Kaspa for its technology, fair launch principles, and potential for future exchange listings.
• The $0.05 price level is viewed as a strong support or bottom.
• Investors should be aware of the risks and rewards associated with its lack of listing on top-tier exchanges.

Hyperliquid (HPT)

• The speaker has been accumulating Hyperliquid, buying more on the morning of the podcast around $30.70.
• They are bullish on the "perpetual DEX narrative," believing it is a sector with staying power.
• The speaker acknowledges there was fear and uncertainty ("FUD") around recent token unlocks but dismisses it, stating that team members have been re-staking their tokens.
• The price chart is described as one of the "strongest charts out there."

Takeaways

• The speaker is bullish on Hyperliquid as a key player in the decentralized perpetuals trading space.
• The price around $31 is seen as a good entry point.
• Investors should view the project's chart strength as a positive sign, indicating resilience in a choppy market.

Degen & Memecoin Plays

This section covers smaller, high-risk, high-reward "trench" plays mentioned by the speaker. These are extremely volatile and speculative.

Troll (TROLL)

• The speaker is bullish on TROLL, noting that despite a 90% drop from its all-time high, the community remains active and the volume is still present.
• They have been accumulating around the $30 million market cap level, calling it a "no-brainer" from a risk/reward perspective.
• The speaker believes it has the potential to at least return to its previous range, suggesting significant upside.

Wojak (WOJAK)

• The speaker is holding WOJAK and is very bullish on its potential.
• They draw a direct comparison between WOJAK's current chart and the early-stage chart of TROLL before its major run-up.
• As one of the original, OG internet memes, the speaker believes the brand is too strong to ignore and that the coin should be at a $100 million market cap in a normal market.

Other Mentions

• Franklin: The speaker caught a 6x on this memecoin but believes it's now too late for massive gains (20-30x), though a smaller 2-3x might still be possible.
• 67: The speaker doesn't like the meme itself but sees the project as a bullish sign for the market because its website is designed to easily onboard new, non-crypto native users ("normies").
• GDK: Very bullish. The speaker's private group entered at a $290k market cap and saw a 12x. A key catalyst is a partnership with a casino that uses its revenue to perform token buybacks.
• Pippin: Extremely bearish. The speaker calls it "utter crap" and notes that over 80% of the supply is held by a few wallets. Their plan is to short this token to zero, but they warn listeners to use very low leverage (e.g., 3x) and tight stop losses due to extreme volatility.
• Terra Luna (LUNA/LUNC): Extremely bearish. The speaker is shocked by its recent pump, which they attribute to a trivial social media event. They call the project "terrible" and are "not touching this shit."

Other Notable Assets

Sei (SEI)

• Initially a top conviction for the speaker, also mentioned in the Vanguard news alongside SUI.
• However, the speaker's conviction has weakened recently.
• The reason for the caution is that SEI's price has not been reacting positively to bullish news and catalysts, unlike SUI.

Takeaways

• While the long-term narrative could be bullish (Vanguard catalyst), the current price action is a point of concern.
• Investors should monitor if SEI starts showing the same kind of relative strength as SUI before making a decision.

Pump.fun (PUMP)

• The speaker is not currently holding the PUMP token but is looking to buy it.
• They believe that when the memecoin market ("the trenches") truly heats up again, the PUMP token will "really surprise a lot of people."
• The token is currently near a major support level on its chart, with a preferred buy area around $0.0025.

Takeaways

• The PUMP token is viewed as a "picks and shovels" play on the Solana memecoin ecosystem.
• The speaker considers it cheap at its current price and believes it has significant upside if memecoin trading volume returns.