Daily Meme Five

Thesis

A daily, long-only basket of the highest-volume memecoins, using Hyperliquid perpetuals rather than owning spot tokens.

Strategy

• Volume ranking: It ranks Circuit's CoinGecko Meme category by reported one-day USD volume, not by price momentum or expected profit. • Equal weight: Equal-weight long exposure defaults to 5% of session equity in total, with drift bands, venue minimums and a round-trip cost ceiling. • Rotation: It holds qualifying positions between reviews and reduces or exits positions as membership and weights change.

Exposure

• Holds: Long meme perps — Equal-weight long perpetual positions in the top-ranked memecoins, about 5% of session equity in total by default. • Venue: Hyperliquid — Hyperliquid perpetuals rather than spot tokens; funding and activation must be completed in Terminal. • Leverage: 5% of equity — Equal-weight long exposure defaults to 5% of session equity in total; the exposure target is not a guaranteed maximum loss. • Costs: Fees and funding — Fees and changing funding reduce returns; entries respect a configurable round-trip cost ceiling. • Data: Circuit — The CoinGecko Meme category ranking and prices come through Circuit data; it calls no outside service. • On unwind: Positions close — It attempts to close all session positions on stop; IOC close requests can leave residual positions if liquidity is insufficient.