My opinion, no holes.
It also allows water to fill up as you wade deeper and messes with the line management.
If a sneaker wave gets you, it's easier to flip the basket up and dump the water out.
Got out today with @Steve_S and my daughter.
My daughter caught her first salmon. She was using a buzzbomb.
Steve got a nice hatchery Coho.
I got a decent Pink as well.
Thanks, Steve, for a great day on the water and some great memories!