Meme coin trader Bonk Guy (@theunipcs) said in a post on September 24 that after two weeks of choppy trading in the on-chain market, aside from a few tokens such as USELESS and STONK, most popular targets are down—some by more than 50%. He believes that selling high-conviction positions is the least worthwhile move right now, and that the real focus will be in Q4.（Background: STONK’s market cap hit a new high of $280 million, with 60% of the platform’s revenue going to buybacks.）（Additional context: Solana issued a record 263,000 new SPL tokens in a single day! Pump.fun made a whopping $1.8 million.） Key summary Bonk Guy says that over the past two weeks, on-chain activity has been choppy; popular tokens are mostly down, with some falling more than 50%. Since his 9/10 post, STONK is up about 96% and USELESS is up about 17%. He argues to hold onto high-conviction positions and buy the dips, betting on a Q4 market upturn. A meme coin trader who rose to fame on BONK—Bonk Guy (X account: @theunipcs)—posted late tonight (9/24), saying that the on-chain market has been rattling up and down over the past two weeks, contrasting with the strong rally momentum seen in the prior one to two months. He noted that, aside from a few exceptions like USELESS and STONK, essentially everything that was hot when he posted is now mostly down, with some pairs down more than 50%—especially newly launched trading pairs. this has more or less played out exactly as expected onchain has been choppy for the past 2 weeks especially compared to the insane momentum we had over the 1-2 months before that with a few exceptions like $USELESS \u0026 $STONK, almost everything that was hot when i posted… https://t.co/thbSCd1r4K — Unipcs (aka 'Bonk Guy') (@theunipcs) September 24, 2026 He believes that many people are selling their most confident holdings because the market “looks weak” right now—and that this is precisely the time to do the opposite of what you’d expect. “The hard part isn’t buying during a full-blown blow-off—it's holding onto your conviction and buying the dip when the market is boring and painful,” he wrote. Bonk Guy still sees Q4 as the key, saying that the past few months were just a prelude. He expects the market to surge sharply in the coming weeks, and at that time, “people who sell high-conviction positions now will be very regretful,” adding a reminder not to miss the rally they’ve been waiting months for due to temporary fatigue. Choppiness was foreshadowed two weeks ago According to CoinGecko prices, from the evening of September 10 to now, STONK is up about 96%, with market cap rising from $154 million to $288 million; USELESS is up about 17%, with market cap around $276 million, though it has fallen 14% over the past 24 hours. The broader market has also weakened, with Bitcoin dropping below $83,000 this afternoon. Bonk Guy himself is a trader heavily positioned in meme coins. Previously, in 2024, he held BONK for 13 months without selling, turning $16,000 into about $18 million in paper profits. He also said USELESS is his most confident meme coin, with a chance to become the first meme coin in this cycle to reach a $10 billion market cap. Based on the current roughly $276 million market cap, it would need to be about 36 times the current level. *This article is not investment advice. Meme coins are extremely volatile, so be sure to research carefully before investing.* FAQ Who is Bonk Guy? Bonk Guy is a meme coin trader on X (@theunipcs), with about 320,000 followers. According to Benzinga, he held BONK for 13 months and turned $16,000 into roughly $18 million in paper profits. Why does Bonk Guy tell everyone not to sell meme coins? He believes that two weeks of on-chain choppiness caused many people to sell high-conviction positions due to weak market conditions—which is exactly the time to buy the dip. He expects Q4 could surge sharply, and those who sell now will regret it. Related coverage Bitcoin breaks below $84,000, and Ethereum drops to near 2,635—total liquidations across the market hit $545 million “bulls slaughtered” Is PUMP being undervalued? Analysts call for a 4.4x target Memecoin leads the rebound—bull market prelude or a trap set by a massive whale? “Bonk Guy’s shout: Don’t get washed out of meme coins! Q4 is the real focus” This article was originally published on BlockTempo (Dongqu—an influential blockchain news media).