Key Points
- A Bybit consumer referred to as Unipcs (Bonk Guy) turned $16,000 into $18 million in a single commerce.
- In a latest interview, he explains how he did it.
A Bybit long-time consumer turned $16,000 into greater than $18 million in a single commerce on the platform. In an interview with Meyade Curfs, Global Business Developer at Bybit, the dealer referred to as Unipcs (Bonk Guy) explains how he did it.
As famous within the interview printed by Bybit, Unipcs reveals his BONK lengthy commerce.
Going From $16,000 to $18 Million
Unipcs revealed that initially, he opened his BONK lengthy on Bybit again in October 2023, with a bit over $16,000 and 6x leverage. He stated that now, his unrealized PNL is over $10 million, however at its peak, it was over $18 million.
Unipcs stated that he held the place for 9 months and he believes that BONK could be a high meme coin when retail influxes.
According to him, the place had drawdowns of 70-80% from the PNL peak, however he stays assured resulting from his thesis that BONK’s market cap will develop considerably.
During the interview, the dealer additionally addressed different points together with the explanations for which he selected Bybit, and an summary of BONK and the meme coin normal market.
Reasons for Choosing Bybit
When Curfs requested the dealer concerning the causes for selecting Bybit for his BONK lengthy, his reply highlighted the preliminary comparability with different exchanges.
Unipcs stated that he selected Bybit because it was the one trusted and liquid trade that provided BONK on leverage on the time. Other exchanges had been both illiquid or much less trusted, he famous.
Factors Favoring Meme Coins
When Unipcs was requested what makes him so bullish about BONK and its potential, he answered that the coin is “memeable”, tied to the Solana tradition, and accessible on main exchanges and this attracts many consumers.
He additionally highlighted a number of macro components which might be favoring meme cash:
- FED pivot
- Upcoming fee cuts
- Strong Bitcoin ETF flows
- Upcoming US elections
- Early institutional curiosity
- Unit bias
According to the dealer, all these components will enhance BONK which additionally options robust fundamentals with a good portion staked and month-to-month purchase/burn Bonkbot charges.
Meme Coins Predictions
Bybit‘s Global Business Developer requested the dealer about his favourite and largest meme coin holdings to which he answered that presently, his largest holding when it comes to meme cash is FLOKI. He stated that he’s extraordinarily bullish on the coin and he believes that it might find yourself being considered one of this cycle’s largest gainers, much like BONK.
Regarding the dealer’s predictions concerning the high performers of this cycle, Unipcs stated that he’s betting on FLOKI and BONK, but in addition believes that PEPE and WIF will carry out properly. However, he expects FLOKI and BONK to yield extra ROI.
Unipcs’ high predictions for the meme coin market:
- The meme coin market is not going to high till it hits at the very least $300 billion.
- Some meme cash will exceed $10 billion together with BONK, FLOKI, WIF, and PEPE.
- The meme coin insanity will proceed, regardless of pullbacks.
Determining the Best Meme Coins To Buy and Hold
The dealer additionally provided an fascinating perception into his strategies of selecting one of the best meme cash:
- Looking for a sample or narrative that aligns with the meme coin – Unipcs talked about the preliminary funding in FLOKI which was based mostly on Elon Musk’s affect and the venture’s robust fundamentals and group.
- The coin’s group energy which is essential – Irrational ardour and robust advocacy are necessary, in accordance with him.
- Available liquidity – Unipcs believes that quantity, liquidity, and accessibility on each DEXs and CEXs are important.
On X, a couple of hours in the past, Unipcs additionally revealed an enormous buying and selling mistake that many make: assuming it’s essential have a 100% win fee.
