Bonk Guy’s Current Portfolio Overview: Large Positions in PONS, USELESS, and MEME; Short-Term Pullbacks Fail to Mask Long-Term Growth

Beating AI News (Dongcha) reports that Arm CEO Rene Haas believes healthcare will become AI’s "killer app". In an interview with BBC, he predicted AI will help humanity cure cancer within our lifetimes, drastically cutting the time required for new drug discovery and testing. Haas noted that humanity currently struggles to fully simulate cells, the human body, and cancer’s impact on DNA. As data and computing power continue to grow, AI has the potential to solve these highly complex problems. However, a key bottleneck right now is chips. Haas said AI firms are building multiple gigawatt-scale data centers, and demand for chips and memory has outstripped existing supply. Building new chip factories typically costs tens of billions of dollars and takes two to three years, making it hard to close the gap in the short term. But cancer researchers are less optimistic about "piling on computing power". Professor Chris Bakal of London’s Institute of Cancer Research said his team trains AI directly using patient samples, eliminating the need for massive data centers. The real key to healthcare AI may not be who has the largest computers, but who has access to better patient data.

According to GMGN data, BSC ecosystem meme coin 4Stock has seen a sharp market cap pullback, falling below $40 million (halved from its peak) to a current level of $38 million. The token recorded a trading volume of $96.3 million in its first 7 hours post-launch. Note: 4Stock originates from the "stock meme" narrative launched by Four.meme. The project first rolled out 4Stock underlying assets linked to stock holdings, then allowed the community to issue meme coins using these assets as a liquidity pool. BNC4 is the first 4Stock "coin-stock" pair, pegged 1:1 to BNC stock of the corresponding BNB treasury firm, with the meme coin "4Stock" tied to the underlying BNC4 pool. BlockBeats reminds users that most meme coins lack practical use cases and exhibit extreme price volatility, so investment caution is advised.

On-chain analytics account SomaXBT posted that address 0x4e5df8422271690327c0348845b639196ab0081e is cross-cleaning assets stolen from a batch of wallets, having transferred out roughly 245 ETH (worth ~$600,000) in total. The address shows a high overlap with paying users of automated interaction bot LootBot: among the 554 on-chain identifiable LootBot payers, around 280 (50.5%) have been drained by the same address. SomaXBT noted the attack proceeds in batches per chain, first scanning Ethereum and zkSync Era, then Linea and Base, and was scanning Scroll at the time of posting, at a rate of ~27 wallets per minute. Spot checks show the attacker is draining nearly all balances, leaving only gas fees, rather than deducting fixed subscription fees. SomaXBT has reported the issue to LootBot’s official team and founder, but has not yet received a response.

Glassnode’s analysis notes that Bitcoin’s current volatility is at a historic low, but the factor truly suppressing volatility is not market cap growth. Using a regression model to test variables’ explanatory power for “de-trended realized volatility”, results show that the share of long-term holder (LTH) supply is the strongest driver, with an explanatory power of nearly 19% to 20%—far exceeding other indicators. Illiquid supply accounts for ~12%, and activity accounts for ~11.5%, ranking second and third respectively. By contrast, market cap itself has an explanatory power of only ~3.5%, placing it last, while stablecoin ratio has almost zero explanatory power. This means the intuition that “Bitcoin’s volatility drops as its market cap grows” is invalid: the more BTC is concentrated in long-term holders who rarely trade, the fewer floating chips available for pump-and-dump schemes and short-term speculation, leading to lower realized volatility. The key is the fragility of this structure: low volatility does not mean the market has matured enough to avoid sharp swings, but rather that floating chips are locked up. Once long-term holders start selling and illiquid supply becomes active again, volatility can quickly surge from its current low. While leverage, funding rates, and futures positions do have an impact, they all rank below the holder structure. The market’s current “dull” appearance is essentially a temporary steady state driven by chip distribution, not a permanent structural change.

HSBC Global Chief Investment Officer Willem Sels said U.S. stocks are not as expensive as they appear, with valuations not fully reflecting the scale of the AI-driven productivity and earnings boom. Sels noted the price-to-earnings (P/E) gap between U.S. and European stocks has narrowed, but valuation multiples have not yet fully priced in the structural AI investment cycle. Chipmakers in particular are trading at a discount, with even 2027 earnings growth forecasts coming under question. Sels believes this skepticism will reverse as companies provide more concrete evidence via orders and guidance. Overall bullish on equities, Sels said stocks have repeatedly shaken off volatile headwinds, thanks to stronger-than-expected economic and corporate resilience, as well as proactive responses from governments and firms to shocks rather than passive waiting. Companies adopting AI are posting stronger earnings, revenue, and profit growth than non-adopters, especially in the U.S., proving the technology is delivering tangible productivity gains. The biggest risk to equities is a sharp rise in bond yields, with the 10-year U.S. Treasury yield around 5% viewed as a potential trigger for volatility. The market has "long been spoiled by low bond volatility," but strong earnings tailwinds make it hard for stocks not to keep rising.

According to Bitget market data, Metaplanet, Japan’s largest Bitcoin treasury firm, saw its stock close down 9.9% to 244 yen today, bringing its two-day total decline to around 17%. Recently, Metaplanet CEO Simon Gerovich published a statement addressing controversies over the company’s executive compensation plan and its relationship with shareholder MMXX Ventures, acknowledging that the firm failed to fully explain the 10th new share subscription rights incentive plan and MMXX’s organizational structure. Gerovich noted that he is an important but non-controlling shareholder of MMXX’s parent company and did not participate in the firm’s transaction decisions, though market skepticism has not been dispelled.