Daily Meme Five

Thesis

A daily equal-weight basket of the highest-volume Solana memecoins, with most of the allocation retained in USDC.

Strategy

• Hourly period check: It checks hourly for the current UTC rebalance period and sells names leaving the basket. • Drift adjustment: Adjusts material weight drift subject to minimums and estimated costs; missing rankings or marks delay trading. • Basket target: The default basket targets 5% of allocation across five names, without a momentum forecast.

Exposure

• Holds: Memecoins and USDC — A long-only spot basket from Circuit's CoinGecko Solana Meme category, with most of the allocation in USDC. • Venue: Solana swaps — Terminal handles funding and activation, including SOL for fees. • Leverage: None — Runs until stopped without leverage. • Costs: Price impact and fees — Partial rotation, price impact, missing routes and fee-estimation errors are possible. • Data: Circuit — Uses Circuit's CoinGecko Solana Meme category and reported dollar volume. • On unwind: USDC — Stop attempts to convert every remaining strategy token to USDC without the normal cost or data gates.