Just saw the news that $USELESS surged more than 50% in a single day, with a quote of $0.1051 and market cap hitting $104 million. Honestly, my first reaction wasn’t envy, it was caution.
The one driving this wave is the trader "Bonk Guy". His track record is indeed impressive—he reportedly made over $20 million trading BONK with 6x leverage early on, and in the previous cycle, through meme-related trades like DOGEGOV, MAGA, and Roaring Kitty, he turned five figures into as much as $5 million to $10 million. But one detail in the same news is easy to overlook: in October, he gave back all of those accumulated gains. Another trader, Unipcs, even said he is now bullish on USELESS to a degree greater than when he was trading BONK in 2023.
I’ve been in this business for so many years and have seen too many "this time is different" calls—when prices rise, everyone believes the story; when they fall back, the ones who go quiet are the same people. The people making the calls don’t always make money themselves. Ordinary traders who chase in are, more often than not, the ones providing exit liquidity, not the ones cashing out.
When emotions are running high, it’s more useful to remember that Bonk Guy later gave back all his profits than to dwell on how much he once made.
Personal opinion only, not investment advice. Chasing gains carries your own risk.
#MEME #useless #ARB上涨30%受Robinhood链收入推动 #黄金较三个月高点下跌5.5% $BTC $ETH
The one driving this wave is the trader "Bonk Guy". His track record is indeed impressive—he reportedly made over $20 million trading BONK with 6x leverage early on, and in the previous cycle, through meme-related trades like DOGEGOV, MAGA, and Roaring Kitty, he turned five figures into as much as $5 million to $10 million. But one detail in the same news is easy to overlook: in October, he gave back all of those accumulated gains. Another trader, Unipcs, even said he is now bullish on USELESS to a degree greater than when he was trading BONK in 2023.
I’ve been in this business for so many years and have seen too many "this time is different" calls—when prices rise, everyone believes the story; when they fall back, the ones who go quiet are the same people. The people making the calls don’t always make money themselves. Ordinary traders who chase in are, more often than not, the ones providing exit liquidity, not the ones cashing out.
When emotions are running high, it’s more useful to remember that Bonk Guy later gave back all his profits than to dwell on how much he once made.
Personal opinion only, not investment advice. Chasing gains carries your own risk.
#MEME #useless #ARB上涨30%受Robinhood链收入推动 #黄金较三个月高点下跌5.5% $BTC $ETH
