MAK CapitalCrypto Desk
Archive/2026-10-04Meme

Meme Trenches

Meme Trenches Daily Pack — Sun Oct 4, 2026 ~9:15am ET

As-of: ~09:15 ET America/New_York

1) Market context

  • Market narrative: no clean new primary-watchlist ticker. Mentions are Solana/PUMP, Base $BASECAT (low confidence), Robinhood Chain, and Pump.fun callout-rewards / launchpad economics. Day ~5 post RH cliff — size/liq over chase. Thin-liq violent % is chase, not a lead.
  • Digest flags verified on Dex: $PP is pump.fun dust (~$7.6k, no real pool). $ZeroCat address-drops are bonding dust (~$4.7k mcap). Unverified Sol CA is swordcat with a real pool but a −65% dump — not a clean early lead. $BASECAT is a ~$13.0M Base mid, not a trench.

2) Ranked trench hits (by Trench Score)

Early / micro focus only. Mid-caps (SPX, STONK, CASHCAT, BASECAT, SI, Super Iguana, SCHIFFY, MONITOR, DRB, VRAX, BUCKET, GENIE, CALI, ~$2M+) live in §5 — not the trench board.

  1. HI (Hallow Inu) Sol — Trench 60 (tape still the market; +21%; $829k vol; boost 200; 6h −32%)
  2. FEELSGOOD Sol — 58 (still deepest early Sol liq; −24%; $125k vol)
  3. BLK Sol — 56 (Backpack equity micro held; +1.1%; $154k liq)
  4. BARSIK Sol — 52 (best liq/mcap; +4.3%; thin ~$3.8k vol)
  5. WHEN RH — 48 (cleanest RH micro; −8.4%; $185k / $49k)
  6. CAT (SPYx) Sol — 46 (RWA-linked; −0.5%; thin ~$2.6k vol)
  7. CATWIFFEATHER RH — 44 (NEW early RH; +14%; $148k / $35k; vol ~$24k — not a chase print)

Watch only (not scored lead): ROO (demoted −31% chase), HOODCATS (held flat but thin-liq / $960k vol — chase, not lead), Holdoween (demoted −41% sell-skew), GRUMPY (demoted −31%), CASHED, AD, FLOPPY, PRIME, NUMMUS, SANTAHOOD, WHIPCAT (boosted +124% on ~$32k liq — chase), swordcat (digest raid, −65%). Dead: UPTOBER Base (still ~$4.5k), COMANDO (~$2.9k), LEE (no Dex pairs). Digest avoid / not trench: PP dust, ZeroCat address-drop, BASECAT mid, swordcat dump, Cate/VELRO/PAR/COON/PULSO/clones/phishing/HOOKR/RCPTS/COTCH/nubs.

3) Full table (early trench)

TokenChainCA (full)McapLiqMentions*TrenchHookRisk flagsSources
HISol$387k$65k~2460Hallow Inu; +21% / $829k vol6h −32%; boost 200Dex PumpSwap
FEELSGOODSol$874k$103k~2858Feels Good Man; deepest early Sol−24%; PEPE-quoteDex Raydium CPMM
BLKSol$429k$154k~1456Backpack equity micro heldclone CAs; not a meme jokeDex Raydium CLMM SOL
BARSIKSol$199k$101k~1652Hasbulla cat; best liq ratioolder ID; ~$3.8k volDex Raydium SOL
WHENRH$185k$49k~1648When on RH; cleanest RH microquiet ~$5.2k volDex Uniswap v3 WETH
CATSol$271k$46k~2046Catching Absolute Tops × SPYxthin ~$2.6k volDex Raydium SPYx
CATWIFFEATHERRH$148k$35k~844NEW cat-with-feather; +14%small pool; boost 100; USDG pairDex Uniswap v4

*Mentions = provisional (digest × persistence). Soft.

Secondary / watch (not ranked lead)

TokenChainCAMcapLiqNote
ROORH$179k$32kdemoted — Sat chase −31%; still $867k vol on thin liq
HOODCATSRH$212k$44koff lead — 24h +0.7% but $960k vol vs $44k liq; 1h +32% chase
HoldoweenSol$311k$59kdemoted — −41%; extreme sell skew (1.2k/22.7k)
GRUMPYRH$72k$26kdemoted — −31%
WHIPCATSol$120k$32kboost 100; +124% / $534k vol — chase, not lead
CASHEDRH$182k$43kstill watch; −11%; $81k vol
ADRH$83k$23kstill watch; +1%; $32k vol
FLOPPYSol$99k$29k−19%; SNDK-quote
PRIMERH$65k$53k−16%; still best RH liq ratio; AMZN-quote
NUMMUSSol$1.46M$136ksize; −1.6%; ~$1.5k vol — soft tape
SANTAHOODRH$611k$100kSANTACOIN; −9%; near mid
swordcatSol$719k$105kdigest unverified CA; real pool but −65% / $4.1M vol — not clean early
OTISRH———still unverified

Sat → Sun board refresh (highest-liq)

TokenSat ~mcap/liqSun highest-liqStatus
FEELSGOOD$1.16M / $118k$874k / $103kHOLD / fade (−24%)
HI$313k / $57k$387k / $65kUP tape (+21%; 6h −32%)
BLK$424k / $170k$429k / $154kHOLD (+1.1%)
BARSIK$190k / $98k$199k / $101kHOLD (+4.3%)
WHEN$202k / $52k$185k / $49kHOLD (−8.4%)
Holdoween$519k / $76k$311k / $59kDEMOTE → watch (−41%)
GRUMPY$106k / $31k$72k / $26kDEMOTE → watch (−31%)
CAT$272k / $46k$271k / $46kHOLD (−0.5%)
ROO$261k / $38k$179k / $32kDEMOTE → watch (−31% chase)
HOODCATS$214k / $39k$212k / $44koff lead → watch (flat 24h; still chase vol)
CASHED$208k / $46k$182k / $43kWATCH (−11%)
AD$82k / $23k$83k / $23kWATCH (+1%)
FLOPPY$123k / $33k$99k / $29kWATCH (−19%)
PRIME$77k / $60k$65k / $53kWATCH (−16%)
NUMMUS$1.48M / $137k$1.46M / $136kWATCH (−1.6%)
SANTAHOOD$693k / $105k$611k / $100kWATCH (−9%)
UPTOBER Base$4.4k / $4.4k$4.5k / $4.4kDEAD
COMANDO$2.5k / $2.7k$2.9k / $3.1kDEAD
LEEno pairsno pairsDEAD
CATWIFFEATHER—$148k / $35kNEW early RH (+14%, not a chase)

NEW early: CATWIFFEATHER RH. DEAD: UPTOBER Base, COMANDO, LEE (still). DEMOTE: ROO, Holdoween, GRUMPY → watch; HOODCATS off the lead (chase structure). Day-5 one-liner: RH size/liq over chase — Sat’s ROO print reversed; HOODCATS still rents vol on a thin pool; WHEN is the cleanest micro; CATWIFFEATHER is the only new RH that is early without a violent %.

4) Hot vs fading vs avoid

HOT / early: HI +21% / $829k vol (with a 6h fade), BLK liq held, BARSIK liq ratio green, CATWIFFEATHER modest new RH, FEELSGOOD still the deepest early Sol pool.

FADING / soft: FEELSGOOD −24%, ROO −31% (Sat chase failed), Holdoween −41% sell-skew, GRUMPY −31%, FLOPPY −19%, PRIME −16%, CASHED −11%, SANTAHOOD −9%, swordcat −65%, WHIPCAT +124% is heat not depth.

AVOID:

  • $PP — digest raid; pump.fun ~$7.6k, no real liq
  • ZeroCat / ZERO address-drops — RH and Base both ~$4.7k mcap / ~$0 vol; BSC clone same pattern
  • swordcat — digest unverified CA; pool is real ($719k / $105k) but −65% is a raid dump, not a clean early bid
  • BASECAT — ~$13.0M mid (§5)
  • WHIPCAT as a lead — +124% on $32k liq is the ROO pattern
  • Cate / VELRO / PAR / COON / PULSO / HOOKR / RCPTS / COTCH / nubs / clones / phishing — still avoid unless a clean Dex pair shows up
  • BLK clones and CASHED clones — only the CAs in §3
  • Netlify claim phishing still out of scope
  • Rented boosts ≠ capital

5) RWA-linked + mid-cap context (NOT trench board)

  • BLK × Backpack — on early board ($429k / $154k / +1.1%)
  • CAT × SPYx — on early board ($271k / $46k)
  • FLOPPY × SNDK — watch ($99k / $29k / −19%)
  • PRIME × AMZN — watch ($65k / $53k / −16%)
  • BASECAT Base — ~$13.0M / $553k Uni v4 ETH (highest-liq); +18% 24h; digest low-confidence name; mid NOT trench
  • STONK Sol — ~$175M / $2.75M Meteora DLMM SOL; −15% 24h; launchpad mid
  • CASHCAT RH — ~$160M / $4.50M Uni v3 WETH; +4.5% 24h; mid
  • SANTAHOOD RH — $611k / $100k; watch / near mid
  • Not re-pulled this morning (do not treat as Sun): SPX6900 ETH (Sat $405M / $12.5M); Super Inu (Sat ~$45M); Super Iguana RH (Sat ~$19M); SCHIFFY, MONITOR, DRB, BUCKET, VRAX, GENIE, CALI — last prints were Fri/Sat and stay mid / not trench until a fresh highest-liq read.

6) WHAT COULD I BE WRONG ABOUT?

  • HI +21% with a 6h −32% can be a dead-cat bounce inside a seasonal unwind, not a new leg.
  • FEELSGOOD −24% may be PEPE-quote noise versus the thinner SOL pair.
  • CATWIFFEATHER +14% on $35k can still be a rented boost (active 100) that fades like GRUMPY.
  • HOODCATS off the lead can be wrong if the $44k pool keeps absorbing $960k of real flow.
  • ROO −31% can bounce again; the liq is still too thin to lead.
  • swordcat −65% can be a washout into a second leg — still a digest raid, not a board slot until tape is clean.
  • WHIPCAT buy-skew (+124%, 15k buys / 4k sells) can be organic; size says it is not.
  • BLK “hold” can be a securities print, not meme demand. Liq is real; clones are not.
  • ZeroCat bonding curves can graduate; right now they are ~$4.7k dust.
  • BASECAT +18% at $13M is culture, not an early trench, even if the digest named it.
  • Multi-pair mcap traps — use highest-liq from §3 only.
  • Unrefreshed mids in §5 can have moved overnight.

7) Base coverage note

No credible new early Base meme. Digest $BASECAT verifies as — ~$13.0M mcap / $553k liq, +18% 24h, Uni v4 ETH. That is a mature cat, not boarded. Friday/Saturday’s only early Base, UPTOBER , is still dead (~$4.5k / $4.4k). A Base ZeroCat address-drop () is ~$4.7k dust. No BASEJUICE / TOSHI / BRETT / XDP added.

8) Suggested board for Cos (early trench — copy these CAs)

  1. HI (+21% tape / 6h −32%)
  2. FEELSGOOD (deepest Sol liq / −24%)
  3. BLK (equity micro held / $154k liq)
  4. BARSIK (best liq ratio)
  5. WHEN (cleanest RH micro)
  6. CAT (SPYx RWA / flat)
  7. CATWIFFEATHER (NEW RH +14% — not a chase)

Watch only: ROO , HOODCATS , Holdoween , GRUMPY , WHIPCAT , CASHED , AD , FLOPPY , PRIME , NUMMUS , SANTAHOOD .
Dead: UPTOBER Base, COMANDO, LEE (no pairs).
Mid-cap only (not trench): BASECAT (~$13.0M), STONK (~$175M), CASHCAT (~$160M); SPX / SI / Super Iguana / SCHIFFY / MONITOR / DRB / BUCKET / GENIE / CALI not re-quoted as Sun.
Hard avoid: PP dust, ZeroCat address-drops, swordcat as a lead, WHIPCAT-as-lead, Cate/VELRO/PAR/COON/PULSO/HOOKR/RCPTS/COTCH/nubs, BLK/CASHED clones, Netlify claim phishing.

Day-5 post-cliff one-liner: RH early board is size/liq over chase — ROO’s +154% reversed to −31%; HOODCATS still prints ~$1M vol on ~$44k liq; WHEN is the cleanest micro; the only new RH on the board (CATWIFFEATHER) is a small balanced pool, not a lottery.

Ready for Cos handoff / 9:30 brief.

Sources / technical notes
  • DIGEST: https://makcapitaldaily.grok.me — As-of 2026-10-04 08:07 ET → DIGEST_OK (browser-warmed live morning issue; authoritative for As-of). Plain HTTP/WebFetch can serve stale SSR/cache; browser-warmed As-of is authoritative.
  • Sources: DexScreener highest-liquidity pairs, boost data, and public WebSearch; digest mentions are provisional and persistence-weighted.
  • Pack path: /workspace/crypto-packs/2026-10-04/meme-trenches.md.