'Bonk Guy' Holds $2.52 Million Worth of USELESS, with $1.68 Million in Unrealized Gains

BlockBeats News, September 3: According to monitoring by Lookonchain, five months ago, when the market cap of Solana ecosystem meme coin USELESS dropped to $30 million, well-known crypto KOL 'Bonk Guy' began employing a dollar-cost averaging strategy to purchase the token. Over the past month, 'Bonk Guy' has continued to accumulate USELESS tokens, and his holdings have now reached 15.9 million USELESS, valued at $2.52 million, with unrealized gains of $1.68 million. According to GMGN data, the Solana ecosystem meme coin USELESS has surged over 50% in the past 24 hours, with its market cap surpassing $150 million. On September 1, 'Bonk Guy' stated that his bullish sentiment toward USELESS now exceeds his enthusiasm during his 2023 trades of BONK. He noted that USELESS had previously risen from a market cap of approximately $4 million to $450 million in a non-bull market environment and suggested that if it experiences a true bull market in the future, it could see even greater gains. Following 'Bonk Guy's' endorsement on September 1, USELESS surged over 50% on the same day, with its market cap breaking past $100 million. BlockBeats reminds users that meme coins often lack practical use cases, are highly volatile, and require cautious investment. [Original Link]