A Little Gamble ⁉️Generally, I tend to steer clear of memecoins, and for good reason. Aside from DOGE, I have not ventured much into this particular sector. I guess being an early investor, I have a bit of a soft spot for some of the older coins, such as DOGE. However, when it comes to the current memecoin market, I usually turn a blind eye. The majority of these coins are driven purely by speculation and have very little to offer in terms of utility, and ultimately, longevity.There are however a handful of these coins that go on to secure dedicated communities, as well as rather “limited” use cases. A particular memecoin recently came up on my radar due to its rather impressive performance over the past two weeks. BONK is up by almost 200% over 14 days. I remember when this memecoin initially launched, there was a fair amount of hype surrounding it.This, I believe, was primarily due to it being a memecoin on the Solana blockchain. Once again, I think this to be the dynamic behind the recent pump. Solana has rallied 46% in the same time frame and is one of the top-performing blue chips alongside LINK. Injective Protocol has also performed phenomenally well, but I wouldn’t classify it as a blue chip just yet. However, in my opinion, that is soon to change.Due to its strong correlation and relativity to Solana, I view BONK as being the equivalent of a “leveraged” investment in Solana without the risk of liquidation.my standard rule of practice is to increase allocation during severe corrections. Yes, even once the bull market kicks off there are still enormous corrections.The only difference is that these dips are aggressively bought up by hungry retail investors, and tend to be short-lived. Even at this early stage, I consider deep corrections buying opportunities. If not now, then when? Due to the risk/reward ratio of BONK, I don’t envision much capital allocation taking place, in terms of my investment. The deployment of capital needs to match the risk/reward ratio.Many newer investors tend to be ignorant of this practice and usually pay the price. However, that being said, one solid winner can work wonders for your portfolio. I prefer to be on the side of “calculated structure” than simply relying on “luck”.#NFA✅