4 months ago
26 ARTICLE AD
Shima Capital's WOJAK bet pays off amid broader meme coin losses.
Venture capital (VC) fund Shima Capital accumulated five different meme coins on Monday, according to on-chain data firm Nansen. The VC made bets on Ethereum-based meme coins MAGA, TRUMP, WOJAK, DEGEN, and ANDY. At the time of writing, four out of five of their positions are resulting in unrealized losses.
Shima’s highest bet was the DEGEN token, with $49,561 bought in the last 24 hours. Since they acquired the meme coin, its price has fallen by almost 4%.
The VC investment in TRUMP was significantly smaller, as Shima allocated $8,992 to the US presidential election-themed meme coin. Their TRUMP holdings sustain an 8% loss at the time of writing.
Moreover, Shima Capital invested $6,721 into another token surfing the US presidential election run, called MAGA. This meme coin is also weighing on the VC’s bag, as it slumped 8.4% in the past seven hours after its acquisition.
ANDY is a meme coin already deployed on different blockchains, such as Solana and Blast. Shima Capital allocated $3,677 to its Ethereum-based version, with a 6.3% drawdown since the investment.
The last meme coin investment made by the VC this Monday was a $9,401 allocation into WOJAK, which resulted in a 20% return so far and is also the only profitable meme coin bet by Shima Capital at the time of writing.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
