Bonk Guy said the onchain meme coin market is far from bottoming out and rejected claims that current conditions are the worst ever. Bonk Guy cited about 6 new tokens that reached market capitalizations of $100 million to $300 million or more over the past 4 months. Bonk Guy expects a possible recovery soon, potentially sooner than most people anticipate. Bonk Guy recommended watching tokens that delivered exceptional performance during the previous cycle for opportunities during market pullbacks.