Bonk Guy Recalls Meme Coin Trading: Turned $16K into $20M with BONK

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A Solana-based trader known as 'Bonk Guy' shared his meme coin trading history, revealing he turned $16,000 into over $20 million using 6x leverage on BONK. High trading activity in 2023 helped him achieve significant gains with WIF and Fartcoin. Previously, he turned small sums into $5–10 million through tokens like DOGEGOV and MAGA. He remains bullish on USELESS, citing its strong past performance despite low trading volume in a non-bull market.

According to ME News, on September 1 (UTC+8), renowned Solana ecosystem trader "Bonk Guy" Unipcs posted a retrospective on his meme coin trading journey. Unipcs stated that in 2023, he traded BONK with a $16,000 principal and 6x leverage, betting at a low point and growing his capital to over $20 million. He subsequently increased $6,000 to $1.4 million through WIF, and elevated low-six-figure funds to over $8 million via Fartcoin, while also generating multi-million-dollar profits on tokens such as POPCAT and PNUT. Unipcs noted that all these trades were publicly documented. Although he later returned all accumulated profits on October 10, these were not his only high-profile trading successes. He added that during the previous cycle, he also turned low five- to six-figure investments into over $5 million to $10 million through meme-related trades involving DOGEGOV, MAGA, and Roaring Kitty. Unipcs also expressed that his bullishness toward USELESS currently exceeds what he felt during his BONK trade in 2023. He noted that USELESS previously rose from a $4 million market cap to $450 million even outside a bull market, and believes it could experience an even more substantial surge if it experiences its first true bull market. (Source: BlockBeats)

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