Original | Odaily Planet Daily (@OdailyChina)
Author | Wenser (@wenser 2010 )
Recently, cryptocurrency KOL Rune revealed that the best trader on the fomo platform, Bonkguy (username @theunipcs), is 64 years old. Although Rune's credibility score has been reset to zero due to the previous FAMI/JINQIAN meme coin incident, this intriguing revelation has nonetheless led to Bonkguy, the best hunter in this round of meme coin markets, being labeled as "64-year-old man fighting on the front lines of memes" and "old man playing with children," making the topic quite sensational.
The greatest difference between Bonkguy and those traders from the last wave of meme fervor, who were keen to make calls and encourage weak hands, may lie in his "diamond hands" attribute. Odaily Planet Daily will outline his on-chain holdings in this article, trying to restore how this trader, who frequently reaps high returns, has ascended to the top of the trading leaderboard on the fomo platform.
Bonkguy's current holdings on the fomo platform: PONS, USELESS, Marscoin rank in the top three
According to data tracking platform Arkham website information, Bonkguy's main holdings on the fomo platform include the following meme coins:
- PONS, holding nearly 10.96 million coins, valued at 6.8 million USD;
- USELESS, holding over 15.905 million coins, valued at 3.91 million USD;
- Marscoin, holding nearly 25 million coins, valued at 3.14 million USD;
- Microduck, holding over 11.63 million coins, valued at nearly 350,000 USD;
- BOW, holding over 25.5 million coins, valued at over 250,000 USD;
- He also holds various Robinhood on-chain meme coins and BSC on-chain meme coins, including MemeStock, Pair, Niu Lai, YOLO, DTF, RAM, JUGGERNAUT, HOODRAT, totaling in worth several hundred thousand USD.
In addition, Bonkguy frequently makes bold calls on his meme coin holdings, with USELESS being called out continuously for over a year—his optimism towards USELESS even surpasses that during the low trading of BONK in 2023, believing that last year's rise of USELESS from a market cap of 4 million USD to 450 million USD was merely "a trial rise." Recently, Bonkguy has shown great interest in the BSC on-chain meme coin Marscoin, calling it "one of the most noteworthy meme coins on this round of BNB Chain, with the next target possibly being the Binance spot listing."
Of course, when it comes to recent large profits, it is still the meme coins on the Robinhood chain.
Meme coins on the Robinhood chain kick off "the second spring of trading ventures"
On August 31, Bonkguy stated that his total profit and loss (PNL) from spot trading has exceeded 10 million USD, with profits of over 2.3 million USD in the past 24 hours and over 5.7 million USD in the past 30 days.
He stated that his recent main profitable trades include PONS, DELTA, Microduck, MARSCOIN, and USELESS. Among these,
- PONS has a price increase of about 6000% based on the average entry price, with the initial entry price seeing an increase of about 9100%;
- DELTA has a price increase of about 1500%;
- Microduck has a price increase of about 610%;
- MARSCOIN has a price increase of about 35%;
- USELESS has a price increase of about 18%, with him stating “it will rise again soon.”
Additionally, Bonkguy mentioned that he has made over ten new trades in the past month, currently having a win rate exceeding 80%. Notably, he only spent around 67,000 USD to buy PONS, achieving nearly 100-fold returns. In recent days, with PONS breaking new highs again and the trading activity on the Robinhood chain being hot, Bonkguy's total holding value on the fomo platform has first surpassed 15 million USD, reaching 15.74 million USD, ranking as "the first place in the profit list on the fomo platform."
Bonkguy's journey: Leaped to A8 with BONK, repeatedly garnering million-dollar-level profits, suffered significant losses on 10.11 but made a strong comeback
Bonkguy's success today, of course, could not be achieved overnight; looking back at his journey is equally moving.
On September 1, Bonkguy reflected on his past meme coin trading experiences, stating that in 2023, he turned 16,000 USD into over 20 million USD via 6x leverage trading of BONK, and thus began his "legendary journey of wealth creation through meme coins":
- Turning a 6,000 USD WIF position into about 1.4 million USD,
- Using FARTCOIN, investing around 300,000 USD, eventually reaching a position value of over 8 million USD;
- With several tens of thousands invested in POPCAT, PNUT, etc., yielding over 1 million USD;
- Subsequently, through opportunities such as MAGA, DOGEGOV, and the Roaring Kitty meta, he achieved "thousands of dollars to tens of thousands of dollars investments yielding returns of 5 million to even 10 million USD."
However, Bonkguy also stated that most of the profits earned from the above trades were ultimately lost during last year's "10.11 historical crash."
In this wave of meme coin trading on the Robinhood chain, although the earnings are impressive, Bonkguy has not won every battle; he does not insist on strictly adhering to his "diamond hands principle." He will also cut losses at appropriate times, such as with JINQIAN.
Yesterday, Bonkguy finally liquidated his meme coin JINQIAN position. He had previously invested about 147,600 USD in three tranches, with an average purchase market cap of about 29.658 million USD, and later sold at an approximate market value of 5.839 million USD, resulting in a loss of about 118,700 USD, with a loss rate of 80.42%. Bonkguy subsequently stated, "Sometimes you just have to accept losses." For meme coins that lack community backing and trending appeal, sometimes admitting defeat and exiting is a better choice.
Of course, the above only reflects Bonkguy's on-chain holdings and trading information; previously, he had also transferred some holdings to CEX and stated that due to safety and reducing "wallet surveillance" considerations, the publicly available wallet only represents part of his trading tools, and other wallet monitoring information indicates that his total cryptocurrency holdings are valued at around 15.22 million USD.
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