Can I 10x My Airdrop? Two Coins for Starting My Journey.

What if you could make enough money to pay your rent and car payments for three months without risking any of your hard-earned money? Well, crypto is among the only places that handsomely reward platform users with airdrops. Over the past couple of years, there have been massive airdrops: Arbitrum, Jito, Wormhole, Jupiter, Optimism, Ordinals, zkSync, EtherFi, Parcl, and Drift are just a few that have paid handsomely to early adopters.

Unfortunately, these airdrop tokens have underperformed after launch for the most part. A combination of challenging tokenomics, unrealistic initial market caps, frustrated recipients, and lack of overall market liquidity has prompted airdrop receivers to dump and give pause to new project investors.

After watching these projects slope down and to the right, I have decided to sell most of my airdrops as soon as I get them. Selling immediately may prove to be a bad decision. I remember the last bull market when I thought I was a genius for selling my Uniswap airdrop for $5/UNI and then watched it blast to over $40 per token. On the other hand, I sold my 1inch airdrop pretty quickly, and now it trades for less than 10% of what I sold it for.

In other words, like most other crypto investors without inside knowledge, I have no clue what will happen with recently airdropped tokens over time. However, I am willing to take this ‘free’ money and aggressively risk it in some boom or bust plays. I aim to 10 times the value of these tokens and have some fun while doing it.

Why My First Plays Are Memecoins

In past articles, I’ve written extensively about how I am confident memecoins will play a big role in this crypto cycle. Memecoins are easy to understand, highly volatile, easy to buy and sell, and perceived as being fairer than VC-launched tokens. We’ve already seen a bull market in memecoins (that has recently gone bust) before normie retail investors have arrived.

I’ve lost massive amounts in minutes and done 15 in days with memecoins. It’s thrilling and debilitating. I’m pretty sure successful memecoins are well-thought-out inside jobs, but it’s impossible to know if it will turn into something or get rugged, especially at launch time.

All this being said, I have my best opportunity for quick games with memecoins today. I’ve noticed that memecoins aren’t getting shilled as heavily lately as influencers have already dumped their bags on their followers. I like this because it lets me buy some ‘promising’ memecoins at a discount.

The entire memecoin category has a $49B market cap. When normies bring their speculative dollars, this market cap is significantly higher.

The Thesis Behind My Newest Plays

In less than one week, presidential nominees Joe Biden and Donald Trump will debate to an audience of millions of people. I hope to capitalize on this event. Therefore, I am splitting my airdrop funds between the two most popular and largest market-cap political meme coins—$TRUMP and $BODEN.

I hope that before the debate, interest in political memecoins increases, raising the price of these coins. Then, I’m looking forward to how the memecoins react during and after the debate.

If crypto becomes a talking point in the debate (which I'm wishfully praying it does), both coins can pop. Currently, $BODEN is trading at around $0.10 ($67M market cap), 90% below its recent all-time high from February. Meanwhile, $TRUMP is changing hands at $7.42 ($345M market cap), 58% below its all-time high from the beginning of June.

Aside from the overall crypto market continuing to tank, I can’t think of a better narrative going into this popular event. And, even if I am wrong, I can still see both or either of these coins catching a run sometime between now and the November election.

Key Takeaways

I’m not too into politics. I think politicians are similar to the guards and staff at a prison. They keep themselves safe by having the inmates go to war with each other. Similarly, Democrats and Republican Americans have more common characteristics than most people care to admit.

I now have a reason to watch the debate with great interest and attention. It’s similar to placing a bet on the Super Bowl, only this time, I can win or lose free money.

If this trade is successful, I’ll probably enter and exit relatively quickly. I want more dry powder to reach my goal of 10x-ing my airdropped money.

Please tell me what you think. Are memecoins cooked for now, and I’d be better off following the Ethereum beta plays in anticipation of the ETF? Do you agree with my thesis but think I should move into riskier, low-cap political memecoins? Or am I just greedy when I should be patient and hold these airdropped coins, hoping for a Uniswap repeat? Let me know what you think in the comments.

Also, if you want to see where this journey goes, please subscribe to stay updated.

I own a position in TRUMP and BODEN and may purchase more. This information should not be taken as investment advice. I am no more qualified to give financial advice than to dance like a ballerina. Digital assets like crypto and NFTs involve risk, so you should always perform due diligence before investing.

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