MAK CapitalCrypto Desk
Archive/2026-10-05Meme

Meme Trenches

Meme Trenches Daily Pack — Mon Oct 5, 2026 ~9:15am ET

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

1) Market context

  • Market narrative: Sol Agency meta (high raid risk; Med post conf / Low follow-through) — digest names are mostly mid / near-mid, not trench leads. $SI shill-push + comment-CA funnels. Base: no non-shill Base meme cleared the bar. Robinhood: products/points + Injective Stockdrop / native INJ narrative only — not a meme leader. SOL ~$121 flat; BTC ~$86k under ~$87k. Day ~6 post RH cliff — size/liq over chase.
  • Agency-meta Dex-verified (all §5 / not trench lead): Agency ~$16.5M, baton ~$9.38M, swordcat ~$2.10M, HIGGS ~$1.31M, MEMEAGENCY ~$1.23M. $SI ~$33.2M mid — avoid as trench. No CAs on the warm-read digest portion; all CAs below from Dex independently.
  • Compensated with DexScreener highest-liq pairs + boosts + public WebSearch. Mentions = provisional (digest × persistence). Soft.

2) Ranked trench hits (by Trench Score)

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

  1. FEELSGOOD Sol — Trench 60 (recovered; deepest early Sol; +19%; $1.04M / $115k)
  2. HI (Hallow Inu) Sol — 58 (still the tape; +12%; $1.05M vol; $434k / $71k)
  3. CATWIFFEATHER RH — 54 (promote; +77%; $262k / $47k — size held, not a thin chase)
  4. BLK Sol — 52 (Backpack equity micro held; flat; $102k liq)
  5. BARSIK Sol — 50 (best liq/mcap; −6%; thin ~$3.1k vol)
  6. WHEN RH — 46 (cleanest established RH micro; −15%; $159k / $46k)
  7. CAT (SPYx) Sol — 44 (RWA-linked; −8%; thin ~$4.0k vol)

Watch only (not scored lead): ROO (still chase −13%), HOODCATS (−51% fade), Holdoween (sell-skew), GRUMPY (−29%), CASHED, AD (−31% soft), FLOPPY, PRIME, NUMMUS, SANTAHOOD, BATONROGUE (Agency-meta clone +950% / boost 500 — chase), Super Ishikawa RH (small +29% micro). Dead: UPTOBER Base (still ~$4.5k), COMANDO (~$2.6k), LEE (no Dex pairs), WHIPCAT (−97% → ~$3.8k). Digest avoid / not trench: Agency meta mids, $SI mid/shill, Cate/VELRO/PAR/COON/PULSO/clones/phishing/HOOKR/RCPTS/COTCH/nubs/PP dust/ZeroCat.

3) Full table (early trench)

TokenChainCA (full)McapLiqMentions*TrenchHookRisk flagsSources
FEELSGOODSol$1.04M$115k~2860Feels Good Man; deepest early SolPEPE-quote; Sun fade reversedDex Raydium CPMM
HISol$434k$71k~2658Hallow Inu; +12% / $1.05M vol1h −10%; boost heatDex PumpSwap
CATWIFFEATHERRH$262k$47k~1254cat-with-feather; +77%USDG pair; can fade like GRUMPYDex Uniswap v4
BLKSol$419k$102k~1452Backpack equity micro heldclone CAs; not a meme jokeDex Raydium CLMM USDC
BARSIKSol$188k$98k~1650Hasbulla cat; best liq ratioolder ID; ~$3.1k volDex Raydium SOL
WHENRH$159k$46k~1646When on RH; cleanest established micro−15%; quiet ~$7.5k volDex Uniswap v3 WETH
CATSol$250k$44k~1844Catching Absolute Tops × SPYx−8%; thin ~$4.0k volDex Raydium SPYx

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

Secondary / watch (not ranked lead)

TokenChainCAMcapLiqNote
ROORH$153k$29kstill chase; −13%; $718k vol on thin liq
HOODCATSRH$105k$31k−51%; chase unwind
HoldoweenSol$281k$56k−10%; still extreme sell skew (1.0k/28.5k)
GRUMPYRH$51k$22k−29%
CASHEDRH$166k$41k−9%; $46k vol
ADRH$57k$19k−31% — soft
FLOPPYSol$104k$30k+5%; SNDK-quote
PRIMERH$65k$53k+2.8%; still best RH liq ratio; AMZN-quote
NUMMUSSol$1.47M$136ksize; +0.9%; soft tape
SANTAHOODRH$558k$94kSANTACOIN; −11%; near mid
BATONROGUESol$699k$84kAgency-meta clone; +950% / boost 500 — chase, not lead
Super IshikawaRH$80k$27k+29%; small RH micro; boost 100 — watch only
OTISRH———still unverified

Sun → Mon board refresh (highest-liq)

TokenSun ~mcap/liqMon highest-liqStatus
FEELSGOOD$874k / $103k$1.04M / $115kUP (+19%)
HI$387k / $65k$434k / $71kUP (+12%; $1.05M vol)
BLK$429k / $154k$419k / $102kHOLD (flat; USDC highest-liq)
BARSIK$199k / $101k$188k / $98kHOLD (−6%)
WHEN$185k / $49k$159k / $46kHOLD / soft (−15%)
CAT$271k / $46k$250k / $44kHOLD (−8%)
CATWIFFEATHER$148k / $35k$262k / $47kPROMOTE (+77%)
ROO$179k / $32k$153k / $29kWATCH (−13% chase)
HOODCATS$212k / $44k$105k / $31kWATCH (−51%)
Holdoween$311k / $59k$281k / $56kWATCH (−10%)
GRUMPY$72k / $26k$51k / $22kWATCH (−29%)
CASHED$182k / $43k$166k / $41kWATCH (−9%)
AD$83k / $23k$57k / $19kWATCH (−31%)
FLOPPY$99k / $29k$104k / $30kWATCH (+5%)
PRIME$65k / $53k$65k / $53kWATCH (+2.8%)
NUMMUS$1.46M / $136k$1.47M / $136kWATCH (+0.9%)
SANTAHOOD$611k / $100k$558k / $94kWATCH (−11%)
swordcat$719k / $105k$2.10M / $187k§5 mid (Agency meta; +188%)
WHIPCAT$120k / $32k$3.8k / $4.1kDEAD (−97%)
UPTOBER Base$4.5k / $4.4k$4.5k / $4.5kDEAD
COMANDO$2.9k / $3.1k$2.6k / $2.8kDEAD
LEEno pairsno pairsDEAD

NEW early on lead: none (Agency meta names are mid or chase). PROMOTE: CATWIFFEATHER within board. DEAD: UPTOBER Base, COMANDO, LEE (still); WHIPCAT new dead. Day-6 one-liner: RH size/liq over chase — CATWIFFEATHER is the only RH that grew with liq; WHEN soft; ROO/HOODCATS still thin-liq vol traps; Agency-meta heat stays off the trench board.

4) Hot vs fading vs avoid

HOT / early: FEELSGOOD rebound +19%, HI +12% / $1M vol, CATWIFFEATHER +77% with liq growth, BLK liq held, BARSIK ratio intact.

FADING / soft: HOODCATS −51%, AD −31%, GRUMPY −29%, WHEN −15%, ROO −13%, SANTAHOOD −11%, Holdoween −10%, WHIPCAT dead −97%.

AVOID:

  • Agency meta as trench leads — Agency / baton / swordcat / HIGGS / MEMEAGENCY are mid or near-mid (§5); high raid risk
  • $SI — ~$33.2M mid; digest shill / comment-CA funnels
  • BATONROGUE as a lead — +950% on boost 500 is the ROO pattern
  • AGENTCAT ~$33M mid (Agency swarm)
  • Cate / VELRO / PAR / COON / PULSO / HOOKR / RCPTS / COTCH / nubs / PP dust / ZeroCat / clones / phishing
  • BLK clones and CASHED clones — only the CAs in §3
  • Rented boosts ≠ capital (Eich still bonding dust ~$16k)

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

  • BLK × Backpack — on early board ($419k / $102k)
  • CAT × SPYx — on early board ($250k / $44k)
  • FLOPPY × SNDK — watch ($104k / $30k)
  • PRIME × AMZN — watch ($65k / $53k)
  • Agency Sol — ~$16.5M / $773k Meteora DLMM SOL (highest-liq); +6% 24h; digest Agency meta — mid NOT trench
  • baton Sol — ~$9.38M / $671k PumpSwap PUMP; +130% 24h; mid
  • swordcat Sol — ~$2.10M / $187k PumpSwap; +188%; near-mid / Agency meta — §5 only
  • HIGGS Sol — ~$1.31M / $141k; +63%; near-mid
  • MEMEAGENCY Sol — ~$1.23M / $106k; +326%; near-mid / raid-prone
  • AGENTCAT Sol — ~$33.0M / $576k; mid
  • SI (Super Inu) Sol — ~$33.2M / $1.02M Meteora DLMM (highest); −17%; mid + shill risk
  • BASECAT Base — ~$13.0M / $556k Uni v4 ETH (highest-liq); flat; mid
  • STONK Sol — ~$184M / $2.69M Meteora DLMM SOL; +5.8%
  • CASHCAT RH — ~$158M / $4.37M Uni v3 WETH; −1.4%
  • BUCKET RH — ~$1.96M / $118k; near mid; −17%
  • SANTAHOOD RH — $558k / $94k; watch / near mid
  • Not re-pulled this morning (do not treat as Mon): SPX6900 ETH ; Super Iguana RH; SCHIFFY, MONITOR, DRB, VRAX, GENIE, CALI — last prints were prior days and stay mid / not trench until a fresh highest-liq read.

6) WHAT COULD I BE WRONG ABOUT?

  • FEELSGOOD +19% can be PEPE-quote bounce, not a new Sol leg.
  • HI +12% with 1h −10% can be seasonal exhaustion inside a rented boost.
  • CATWIFFEATHER +77% can still reverse like GRUMPY; liq is better but not deep.
  • Agency / baton / swordcat can keep printing culture even if they are mid — do not chase into size.
  • HIGGS / MEMEAGENCY near-$1M can be early relative to Agency, but digest flags raid risk and they sit at the mid floor.
  • SI −17% can be a washout into another shill wave — still not a trench.
  • HOODCATS −51% can bounce; structure is still thin-liq chase.
  • WHIPCAT −97% can be a washout — treat as dead until a clean re-tape.
  • BLK “hold” can be a securities print, not meme demand.
  • Multi-pair mcap traps — use highest-liq from §3 / §5 only.
  • Unrefreshed mids in §5 can have moved overnight.

7) Base coverage note

No credible new early Base meme. Digest cleared no non-shill Base name. BASECAT remains mid (~$13.0M / $556k Uni v4 ETH). UPTOBER still dead (~$4.5k / $4.5k). Do not confuse the two 0xB200… CAs. No BASEJUICE / TOSHI / BRETT / XDP added.

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

  1. FEELSGOOD (deepest Sol / +19%)
  2. HI (+12% tape / $1.05M vol)
  3. CATWIFFEATHER (PROMOTE +77% / liq held)
  4. BLK (equity micro / $102k liq)
  5. BARSIK (best liq ratio)
  6. WHEN (cleanest established RH micro)
  7. CAT (SPYx RWA / −8%)

Watch only: ROO , HOODCATS , Holdoween , GRUMPY , CASHED , AD , FLOPPY , PRIME , NUMMUS , SANTAHOOD , BATONROGUE , Super Ishikawa .
Dead: UPTOBER Base, COMANDO , LEE (no pairs), WHIPCAT .
Mid-cap only (not trench): Agency (~$16.5M), baton (~$9.38M), swordcat (~$2.10M), HIGGS (~$1.31M), MEMEAGENCY (~$1.23M), AGENTCAT (~$33M), SI (~$33.2M), BASECAT (~$13.0M), STONK (~$184M), CASHCAT (~$158M), BUCKET (~$1.96M).
Hard avoid: Agency-meta as leads, SI shill funnels, BATONROGUE-as-lead, Cate/VELRO/PAR/COON/PULSO/HOOKR/RCPTS/COTCH/nubs/PP/ZeroCat, BLK/CASHED clones.

Day-6 post-cliff one-liner: RH early board is size/liq over chase — CATWIFFEATHER is the only RH that grew with pool depth; WHEN soft; ROO/HOODCATS still rent vol on thin liq; Agency-meta heat stays in §5.

Ready for Cos handoff / 9:30 brief.

Sources / technical notes
  • DIGEST: https://makcapitaldaily.grok.me — As-of 2026-10-05 08:10 ET → DIGEST_OK (browser-confirmed live morning issue; do not re-fetch As-of via curl/WebFetch).
  • Digest https://makcapitaldaily.grok.me As-of 2026-10-05 08:10 ET → DIGEST_OK (browser-confirmed live morning issue; do not re-fetch As-of via curl/WebFetch)
  • Mentions = provisional (digest × persistence). Soft.
  • Compensated with DexScreener highest-liq pairs + boosts + public WebSearch.