Lookonchain APP

App Store

“Bonk Guy” Reflects on Meme Coin Trading Success: Earned Over $20 Million Trading BONK With 6x Leverage From an Initial $16,000 Stake

3 days ago

Prominent Solana ecosystem trader "Bonk Guy" Unipcs has published a post reflecting on his meme coin trading history. In 2023, he traded BONK with a $16,000 principal and 6x leverage, growing his capital to over $20 million after betting on the token’s low point. He later turned $6,000 into $1.4 million via WIF, grew a low six-figure sum to over $8 million with Fartcoin, and generated millions in profits from trades on tokens including POPCAT and PNUT. Unipcs noted all these trades were publicly conducted and documented, though he later gave back all accumulated profits by October 10, adding this was not his only major trading win. During the previous market cycle, he also grew funds ranging from low five-figure to six-figure amounts to $5 million to over $10 million via meme-related trades on tokens like DOGEGOV, MAGA, and Roaring Kitty. Unipcs also stated his bullishness on USELESS is currently even stronger than when he traded BONK in 2023, pointing out that USELESS previously rose from a roughly $4 million market cap to $450 million outside of a bull market, and could see far larger gains if it experiences a full bull run for the first time.

Relevant content

U.S. stock market opening sees crypto-related stocks fall broadly, with HOOD down over 1% and AMC’s gains narrowing sharply.

U.S. August non-farm payrolls exceeded expectations sharply, leading to mixed opening performance for U.S. stocks: the Dow Jones Industrial Average fell 0.38%, the S&P 500 edged down 0.13%, and the Nasdaq rose 0.02%. Leading tech stocks showed divergent trends. Per market data from BIT (bit.com), Tesla opened 3.5% lower; Oracle gained 3.7%, ASML rose nearly 2%, while Nvidia and AMD climbed over 1%. Storage stocks rallied broadly, with SNDK leading the advance at 4.52%, and STX up more than 3%. Meanwhile, crypto-related stocks declined across the board: MSTR dropped over 3%, COIN fell 2.68%, and CRCL slid 3.4%. Notably, the crypto-meme paired U.S. stock AMC opened 3.54% higher.

11 minutes ago

WTI crude oil’s intra-day decline widened to 2%.

According to Bitget's market data, WTI crude oil’s intraday decline has widened to 2%, currently trading at $87.84 per barrel. Brent crude oil fell 1.84%, now at $92.89 per barrel.

11 minutes ago

After the US stock market opened, Bitcoin accelerated its decline, briefly dropping below $79,000.

According to HTX market data, Bitcoin accelerated its decline after the US stock market opened, briefly falling below $79,000, currently trading at $79,217.06, with its 24-hour decline widening to 2.49%.

11 minutes ago

Trump: Jobs data defied all expectations—except mine.

US President Donald Trump: The just-released jobs data is terrific, beating all expectations (except mine!)

11 minutes ago

New meme coin Stonks on BSC hits $2.5 million market cap in just one hour post-launch.

According to GMGN market data, the new meme coin Stonks on the BSC chain reached a market cap of $2.5 million just 1 hour after its launch, and is currently priced at $2.52 million. Inspired by BSC's official trading event "BNB Stonks Szn" (the term "Stonks" is also American slang, a play on "Stocks"), this meme coin is paired with the tokenized US stock QQQ (Invesco QQQ Trust, which tracks the Nasdaq 100 Index) on BSC. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.

11 minutes ago

US stock markets will be closed next Monday, with trading in gold, silver and oil ending early.

Due to the US Labor Day holiday, US and Canadian stock markets will be closed for one day on September 7 (next Monday). Trading in precious metals and US crude oil futures contracts on CME Group will end early at 02:30 Beijing Time on September 8, while stock index futures trading will conclude early at 01:00 Beijing Time. Trading in Brent crude oil futures contracts on Intercontinental Exchange (ICE) will also end early at 01:30 Beijing Time on September 8. Investors are advised to take note of these schedule adjustments.

11 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano