Bonk Guy responds to 'don't sell' doubts: Holding high-conviction assets for the long term is his trading strategy.
46 minutes ago
Prominent crypto trader Bonk Guy has published a post addressing public skepticism over his long-term refusal to sell tokens, with some speculating his holdings may be linked to market makers or funds. He explained that holding high-conviction assets long-term is his trading strategy, adding he does not believe a token’s price rally requires it to be sold, and his holding period differs from that of other market participants. In the previous market cycle, some mainstream meme coins reached market caps of over $1 billion, while top-performing meme coins and protocols hit valuations of $4 billion to more than $5 billion. He anticipates the current cycle could deliver stronger performance, so he is in no rush to offload his core holdings right now. He noted that PONS is the highest-conviction utility token in his portfolio, with a current market cap of roughly $400 million; USELESS is his most favored meme coin, boasting a market cap of around $270 million. Both tokens have yet to reach a $1 billion market cap, and their valuations are significantly lower than those of leading projects in the previous cycle.
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