Recently, crypto KOL Rune revealed that the best-performing trader on the fomo platform, Bonkguy (username @theunipcs), is 64 years old. Despite Rune's reputation being reset to zero due to the previous FAMI/JINQIAN Meme coin incident, this amusing revelation has still labeled Bonkguy, the current Meme coin market's best hunter, as the "64-Year-Old Man Fighting on the Meme Front Line" and "Old Man Playing with Kids," among other tags, skyrocketing the topic's popularity.
One significant difference between Bonkguy and those traders in the last Meme craze who were fond of shouting orders and encouraging weak hands may be his "diamond hands" attribute. In this article, we will outline his on-chain holdings to try to reconstruct the full picture of this trader who has frequently reaped high returns, revealing how he gradually climbed to the top of the fomo platform's trader leaderboard.
Bonkguy's Comprehensive Review of Current Holdings on the Fomo Platform: PONS, USELESS, Marscoin in the Top Three
According to on-chain data tracking platform Arkham's website, Bonkguy's main holdings on the fomo platform include the following Meme coins:
· PONS, holding nearly 10.96 million tokens, worth $6.8 million;
· USELESS, holding over 15.905 million tokens, worth $3.91 million;
· Marscoin, holding nearly 25 million tokens, worth $3.14 million;
· Microduck, holding over 11.63 million tokens, worth nearly $350,000;
· BOW, holding over 25.5 million tokens, worth over $250,000;
· He also holds various Robinhood on-chain Meme coins, BSC on-chain Meme coins like MemeStock, Pair, Bullcome, YOLO, DTF, RAM, JUGGERNAUT, HOODRAT, totaling hundreds of thousands of dollars in value.
Additionally, Bonkguy has been vocally bullish on the held Meme coins, with continuous shoutouts, especially for USELESS for over a year—his optimism for USELESS even surpasses when he traded BONK at its 2023 low, believing last year's rise in USELESS's market cap from $4 million to $450 million was just a "test pump." Recently, Bonkguy has shown significant interest in Marscoin, a BSC on-chain Meme coin, calling it "one of the most promising Meme coins on the BNB Chain this round, with the next target potentially being a listing on Binance Spot."
Of course, when it comes to recent big earners, the spotlight is still on the Robinhood-native Meme coins.
Robinhood-native Meme Coins Lead the Way in the "Second Spring of Trading"
On August 31, Bonkguy announced that his spot trading total profit and loss (PNL) had surpassed $10 million, with over $2.3 million in profit in the last 24 hours and over $5.7 million in the past 30 days.
He mentioned that his recent major profit-generating trades included PONS, DELTA, Microduck, MARSCOIN, and USELESS. Among them,
· PONS recorded an increase of approximately 6000% from the average entry price and about 9100% from the initial entry price;
· DELTA saw an increase of about 1500%;
· Microduck saw an increase of about 610%;
· MARSCOIN saw an increase of about 35%;
· USELESS saw an increase of about 18% and he mentioned that it will "soon surge again."
Furthermore, Bonkguy stated that he had conducted over a dozen new trades in the past month with a current win rate of over 80%. Notably, his investment of around $67,000 in PONS resulted in nearly a 100x return. In the last few days, as PONS broke to new highs and the Robinhood-native market heated up, the overall holding value of Bonkguy's fomo platform surpassed $15 million, reaching $15.74 million, securing the top spot in the "fomo platform profit leaderboard."
Bonkguy's Journey: Leaping from BONK to A8, Repeatedly Making Million-Dollar Profits Despite a Loss on October 11
Bonkguy's success today was certainly not achieved overnight. Looking back on his journey, it is truly remarkable.
On September 1, Bonkguy reflected on his past Meme coin trading experiences. In 2023, he traded BONK with a leverage of 6x with an initial capital of $16,000, eventually growing his position to over $20 million. Following this, he embarked on his own "Meme Coin Legendary Enrichment Journey":
· Scalping WIF with a $6,000 position to about $1.4 million,
· Making a $300,000 investment in FARTCOIN, resulting in a final position value of over $8 million;
· Investing tens of thousands of dollars in assets such as POPCAT and PNUT, with returns exceeding $1 million;
· Later, taking advantage of opportunities like MAGA, DOGEGOV, and the Roaring Kitty meta to achieve gains ranging from "investing thousands to tens of thousands of dollars and reaping returns of $5 million to $10 million."
However, Bonkguy also noted that most of the gains from these trades were ultimately lost in last year's "10/11 Great Crash" market downturn.
During this round of the Robinhood on-chain Meme coin market, despite impressive gains, Bonkguy did not emerge unscathed and was not always committed to following his "diamond hands principle." He would also sell at the right time to cut losses, as seen in the case of JINQIAN.
Yesterday, BonkGuy finally liquidated his Meme coin position in JINQIAN. Previously, he made three purchases totaling around $147,600, with an average market value of about $29.658 million. He then sold at a market value of approximately $5.839 million, resulting in a loss of about $118,700, representing a loss of 80.42%. Bonkguy later posted, "Sometimes you just have to accept the loss." For Meme coins lacking community support, meme attributes, and hot spot attention, sometimes admitting defeat and exiting the market is a better choice.
Of course, the above information pertains only to Bonkguy's on-chain holdings and transactions. Previously, he had transferred some of his holdings to a centralized exchange (CEX), citing security and "wallet monitoring" considerations. The public wallet is only one part of his trading tools. Wallet monitoring information indicates that his total cryptocurrency holdings are valued at around $15.22 million.
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia
