The investor has opened long positions on Solana-based memecoins FARTCOIN, PIPPIN, and POPCAT, targeting potential 2x to 5x returns from current oversold levels. Trading data shows a 6x leveraged position in FARTCOIN at an entry price of $0.135, alongside leveraged perpetual positions in POPCAT ($0.045 entry) and PIPPIN ($0.018 entry). The bullish sentiment is driven by the expectation that SOL will outperform the broader market and that these assets have bottomed despite potential volatility in BTC.