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Shima Capital Bet on WOJAK, TRUMP and Three Other Memecoins

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Enterprise capital fund (VC) Shima Capital has amassed 5 totally different memcoins on Monday, in accordance with Nansen. The enterprise capitalist positioned bets on Ethereum-based memecoins MAGA, TRUMP, WOJAK, DEGEN and ANDY. On the time of writing, 4 of the 5 positions have fallen considerably. Shima’s highest wager was the DEGEN token, with $49,561 purchased within the final 24 hours. Since they acquired the memecoin, its value has fallen by virtually 4%.

The funding in TRUMP was considerably smaller, with Shima committing $8,992 to a memecoin themed across the US presidential election. On the time of writing, their TRUMP belongings had misplaced 8%. Shima Capital invested $6,721 in one other US presidential election token known as MAGA. This memecoin has fallen 8.4% within the final seven hours after its acquisition.

ANDY is a memecoin that has already been deployed on varied blockchains reminiscent of Solana and Blast. Shima Capital has dedicated $3,677 to its Ethereum-based model with a 6.3% drawdown for the reason that funding. The most recent memecoin funding made by the enterprise capitalist this Monday was a $9,401 funding in WOJAK, which has resulted in a 20% return to date and can also be the one worthwhile memecoin wager from Shima Capital on the time of writing.

Picture: Token Terminal

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