The investor, known for BONK, maintains conviction in FARTCOIN and USELESS, expecting a "full-blown parabolic" move in memecoins, particularly those on SOLANA during "SOL season." Despite a current FARTCOIN PnL of ~$4.3 million (down from a peak of $8M+), he anticipates an aggressive surge to over $10 million. This suggests a potential short-term opportunity for high-risk, high-reward plays in these specific memecoins, especially SOL-based ones.