Rep. Mike Collins (R-Ga.) Bought A Bunch of Memecoins, Including SKI

SKI, a memecoin of a dog wearing a ski mask, on Coinbase-incubated L2 network Base, started trading in April 2024 and has since garnered a market cap of nearly $135 million.

Georgia Republican Rep. Michael Collins, who has made no secret of his cryptocurrency enthusiasm, revealed in his latest financial disclosure three cryptocurrency purchases made in the last two days.

The periodic transaction report, filed with the Clerk of the House of Representatives on Monday, shows Collins made three purchases of AERO, the native currency for decentralized exchange Aerodrome, ski mask dog (SKI), and ski mask ape (APE), according to the披露.

A screenshot of Collins' most recent financial disclosures (Clerk of the House of Representatives)

The ski mask dog memecoin on Coinbase-incubated L2 network Base, SKI, began trading in April 2024 and has since garnered a market cap of nearly $135 million.

Meanwhile, ski mask ape is a memecoin on the BNB Chain with a market cap of about $1.2 million, according to CoinGecko.

The acquisition of ski mask dog marks the first time Collins gained exposure to memecoins, the best-performing sector in the crypto space, jumping about 333% in the last year, blockchain analytics firm Artemis shows.

A screenshot of Collins' response to a post from @unusual_whales on X highlighting Monday's disclosures. The Pepe the Frog meme is the basis for the third largest memecoin PEPE which has a market cap of about $8.6 billion. (@RepMikeCollins/X)

Each of the Georgia representative's 2024 financial disclosures was entirely composed of cryptocurrency transactions, in which 14 were purchases and 4 were sells. The majority of his transactions were valued between $1,001 and $15,000. Meanwhile, three transactions were valued between $15,001 and $50,000 as two were purchases of ETH with the outstanding remainder being AERO.

Other coins in Collins' financial disclosures earlier in the year included Ethereum's ETH, Velodrome's VELO, and The Graph's GRT.

Collins' first disclosure regarding cryptocurrencies came on August 3, 2023 when ETH was trading at $1,835. The price of ETH is now at $3,615.

Collins did not immediately respond to Unchained’s request for comments.