Blog 22 – March 2024 – Bonkbot, BabyWif & SolCard

Bonkbot

It has been a few weeks since the last memecoin debacle where I lost a load in December. So I am dipping my toe back into the water. I have sold some Brett for 1 sol, and am using that on Bonkbot.

I have set up the bot using the tutorial below.

In addition to above, I am using the site rugcheck.xyz before making any transactions to check whether the contracts are “safe”. I am not connecting my wallet to this site, just using the free functionality by using the token contract.

Memecoin Strategy

Strategy and memecoins is probably not something you hear in the same sentence every day. With that being said, the strategy is simple:

  • Look at dextools or dexscreener to find new solana memecoins
  • Target under $1m MC with decent volume
  • Run any contract through rugcheck.xyz before an “investment”
  • The token needs a website / twitter / telegram with active users on the telegram
  • Needs to be catchy – memeable
  • Always sell half the tokens when the price doubles to leave yourself with a moonbag

Mr Baen

The first gamble…. I think its right to say what it is…. was a play on the whole Tremp / Boden and all the knock offs. Mr Baen. As in Mr Bean. No other reason other than I found it funny.

So I put 1 sol in and a MC of $100k…. It doubled, I sold half, and then watched the rest slowly disappear and the token lose all liquidity. Not a complete disaster – I was break even.

BABYDOGWIFHAT – $Babywif

This was obviously a play on the strength of WIF, and the fact babydoge did ok off the back of doge on the 2021 bull market.

It has been my best performer to date – have made roughly 5 sol out of the original 1 sol gamble. 1 sol gambled on Pekachu and all lost… 1 sol withdrawn to my original wallet…”playing with profit”….. 2 sol invested into Solcard and the rest to let ride in babywif.

Solcard – $Solc

A No-KYC Crypto Card. Instantly create and top-up your SolCard with SOL and enjoy hassle-free online shopping. I must admit I found it using the strategy above on dexscreener – but it feels more than a memecoin this. I could easily see it hit $100m MC. The product – by reviews – seems to actually work.

Balance

So the following is my current Bonkbot balance. Every now and then I go and refresh to see if I’ve won big. Its yet to happen – but I am happy to let these moonbags ride:

Disclaimer

It goes without saying nothing on this site or anything associated with Happy Crypto Wanderer is or should be taken as financial advice. This site tracks the hopeful journey of one everyday punter just trying to live out a dream. Come back here every month so you can track the journey. Any and all feedback is much appreciated. If you feel so strongly that you’d like me to stop at any time, a large enough donation to this wallet so I can reach my goal could make all this disappear.

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