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Venture capital fund (VC) Shima Capital has accumulated five different memcoins on Monday, according to Nansen. The venture capitalist placed bets on Ethereum-based memecoins MAGA, TRUMP, WOJAK, DEGEN and ANDY. At the time of writing, four of the five positions have fallen significantly. Shima’s highest bet was the DEGEN token, with $49,561 bought in the last 24 hours. Since they acquired the memecoin, its price has fallen by almost 4%.
The investment in TRUMP was significantly smaller, with Shima committing $8,992 to a memecoin themed around the US presidential election. At the time of writing, their TRUMP assets had lost 8%. Shima Capital invested $6,721 in another US presidential election token called MAGA. This memecoin has fallen 8.4% in the last seven hours after its acquisition.
ANDY is a memecoin that has already been deployed on various blockchains such as Solana and Blast. Shima Capital has committed $3,677 to its Ethereum-based version with a 6.3% drawdown since the investment. The latest memecoin investment made by the venture capitalist this Monday was a $9,401 investment in WOJAK, which has resulted in a 20% return so far and is also the only profitable memecoin bet from Shima Capital at the time of writing.
Image: Token Terminal
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