Daily Meme Five

Thesis

A daily equal-weight basket of the highest-volume Solana memecoins, using spot swaps and a small allocation-relative exposure target.

Strategy

• Daily volume ranking: Each UTC day uses a fixed midnight cutoff for its daily-volume ranking, with hourly checks to recover from delayed data. • Equal weight: Buys and retains an equal-weight spot basket, sells coins that leave it, and corrects material weight drift. • Cost-bounded trades: Requires fresh values, token identities and executable cost-bounded quotes, with at most one rebalance per token per day.

Exposure

• Holds: Memecoins and USDC — An equal-weight spot basket from CoinGecko's Solana Meme category, keeping unused capital in USDC. • Venue: Solana swaps — Terminal must provide allocated Solana USDC and SOL for fees. • Leverage: None — Spot swaps only; the exposure target is not a guaranteed loss limit. • Costs: Fees and price impact — Liquidity, prices and fees can prevent rebalancing or liquidation. • Data: Circuit — Rankings use reported USD trading volume from Circuit's data; the agent's code calls no outside service. • On unwind: USDC — It attempts to sell all remaining basket holdings in one unwind without normal signal or cost gates.