BonkFun just hit yet another all-time high in 24-hour fees
$1.95 million in fees was generated by the platform over the last 24 hours
- 50% of fees go toward buying and burning BONK
- 4% of fees buy BONK for the Strategic BONK Reserves
- 4% of fees buy BONK for the BonkRewards program
as I've been hammering home for weeks now:
$BONK is the $HYPE trade re-run
target is tens of billions of dollars in market cap
GOD WILLING
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ty for taking a stand for me, king! đŤĄď¸ď¸ď¸ď¸ď¸ď¸
in The Lab, we observed that every solid new memecoin runner tended to have a -60% dip after its initial mega rallyâand that thatâs where you bid hard if you were sidelined!
USELESS had a 16,000%+ pump in just 7 days, so a correction was inevitable. interestingly, it just had its first -60% dip from the highs and is likely bottomed
as for the haters: the reason theyâll always be sidelined pocket-watching me is because i act on conviction and double down when neededâwhile theyâre too chicken to even decide where they stand
this week theyâre swayed by emotional and paid actors screaming 'bonk guy is the worst thing to happen to this space'
next week they're moved by the same crowd chanting 'bonk guy was right' after one of my theses plays out
indecisive. weak. spineless. unable to make their own decisions or have their own conviction!
i was initially bothered by the hateâsome of which clearly comes from vested interests and paid actors. of course the establishment is threatened by LetsBONKfun disrupting their cash cow. naturally, they fight back
i just happened to be the most prominent actor and âmain characterâ at the time, so it was easier to target me
but i wouldnât be here today if i was easily swayed by attacks like this
i also just bought an additional $125,000 worth of USELESS coins todayâincreasing my position while many are getting shaken out by baseless FUD and coordinated attacks (ty for the dip!)
if it isnât clear, let me make it clear again:
1. iâm not on the BONK or LetsBONKfun team. never have been
2. iâve never been paid by either teamânot in tokens, cash, or favors. the only commercial incentive i have with BONK is my long position, which iâve publicly documented for almost 2 years now
3. i could literally choose to never talk about BONK eco or LetsBONKfun again and it would change nothing. iâm under no contract or obligation to anyone, anywhere
4. iâve spent over $500k of my own money buying LetsBONKfun memecoins over the past two weeksâmost of it trackable via my public wallet. i havenât sold a single token of any of these memecoins. so if people are down, iâm probably down more. iâm literally in the trenches aping with everyone. i even locked my HOSICO tokens for 3 months when i didnât have to
5. prior to LetsBONKfun, i had privately decided not to publicly shill any new memecoin tickers for the foreseeable future. i only broke that rule for a few reasons:
- i love the BONK eco (for obvious reasons!) and i think this is the most high-impact, high-potential project to come out of the eco
- LetsBONKFun is also the most pro-people, pro-Solana eco launchpad in the entire space
- its success directly benefits my flagship BONK position: over 40% of the platform fees go toward buying BONK, and if it captures even half of Pumpfunâs traction, thatâs $100m+ in annual BONK buy pressure
- iâve seen genuinely good memes come out of the platform. that makes it easier to publicly stand by them. iâve only pushed ~5 memes out of 80,000+ launched (despite thousands tagging me hoping for a push), and i was very upfront that i would be pushing memes from the platform to support it when it just came out. i was also pretty clear that this is a degen move, and i explained the attendant risks. ironically, many of the KOLs attacking me push more tickers than this every week!
my support is clearly making a dentâhence the attacks
regardless, those who know the bonk guy lore know i was born and forged in CT hate. iâve been accused of so much, despite only trying to help by sharing my experience and thought process in a fully documented wayâwith proof!
i donât bow to baseless hate or cancel attempts
and iâm definitely not bowing here
this is only the beginning of the âbonk guyâ legend
GOD WILLING đď¸ď¸ď¸ď¸ď¸ď¸
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almost every major memecoin this cycle has been born when the atmosphere in the trenches, or in crypto as a whole, seemed completely counterproductive to a major runner emerging
$BONK was born at the depths of the bear market, right after the FTX implosionâwhen the overwhelming majority believed crypto was dead for the foreseeable future
$PEPE launched at a time when sentiment was that memecoins were dead for good. multiple high-profile thought leaders were publicly declaring that memecoins would never be a thing again
FARTCOIN emerged when most were criticizing Pumpfun, claiming the platform had killed the idea of memecoins entirelyâthat no major runner could emerge when tens of thousands of coins were being launched daily and diluting the eco
iâm seeing similar sentiments now, albeit on a somewhat smaller scale
people are decrying the nonstop launches, the hyper-rotations, and the fact that almost nothing seems to 'stick' anymore
many are saying that the odds of major new runners appearing from here are extremely low
but i think this exact kind of atmosphere is the perfect breeding ground for the next big one: a strong narrative that gets faded too long due to prevailing doomer sentimentâwhile a core community quietly forms and gains strength in anticipation of its breakout
i've placed my bets accordingly
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why i think USELESS coin is the next breakout memecoin
'Cryptocurrency is USELESS... Just a Scam' - Bill Gates
this thread is a deep-dive on why iâm incredibly bullish on USELESS coin and my thoughts on its potential
but first, let me tell you a story:
one of my more recent trades that i'm often praised for is my FARTCOIN trade
'bonk guy is a chad, he turned low six figures to $7.1 million+ on FARTCOIN in 2 months. let's call him fartcoin guy too!'
what many do not know is that i first had an opportunity to buy fartcoin at $250k market cap when someone pinged it in The Lab and suggested buying it because it was funnyâa mockery of crypto itself!
but i faded it
several other Lab members tagged me again as it pumped from sub $1m to $20m market cap
but i faded them too because i just didnât get it
Fartcoin was already trading over $100m market cap before i finally *got* it
i started waiting for a dip and didnât get one, so i ended up FOMO-buying around $200k worth at a $200m market cap
i was hoping for a deeper pullback to accumulate more, but it never came
then it just straight on ripped to $2.7 billion market cap
this was before the post-Inauguration-induced market meltdown, which led to its price crashing 92% down to $200m
thatâs when i sized into my famous FARTCOIN perps trade that iâm now known for
USELESS feels like i'm being given an opportunity to take that Fartcoin trade again
except this time, i *GET* it
and unlike the dozens of Fartcoin beta and derivatives out there today, USELESS is its own unique narrative!
a brand new narrative with the potential to hit insane FARTCOIN-like levelsâall by capitalizing on what almost everyone outside the crypto bubble uses to describe crypto: USELESS
be it Bill Gates
(screenshot in intro)
Harvard professors
Wall Street titans like Jamie Dimon
or normies on Reddit
thereâs overwhelming consensus among almost everyone outside the crypto bubbleâfrom billionaires like Bill Gates to academics, celebrity finance figures like Jamie Dimon, and average Reddit anons â that crypto is USELESS
and that's exactly why USELESS has the potential to achieve true mainstream memecoin virality in a way similar to Fartcoin
because it proves their pointâand forces them to talk about it and mock it
USELESS is the purest memecoin in the sense that it does not pretend to be a PoW, PoS, L1, L2, AI, RWA or anything coin
it literally just tells you it's a USELESS coin
and the higher it goes, the more likely it is that the people who hate cryptoâfrom media to billionaires to Reddit postersâwill amplify it by mocking it
'hey, did you see that USELESS coin? It had a market cap of $50 m last week and is now worth $100m. what a joke crypto is!'
'BREAKING: USELESS coin hits $100 million market cap!' đđđ
you can't help but laugh so damn hard reading all of those headlines and side comments!
to make things more interesting:
i'm in about a dozen alpha groups in the trenches
elite groups that are extremely hard to get intoâsome with just a few dozen members
you can't pay to get into most: you get invited if you're deemed extremely good at degening and winning big in the trenches
and not once have i seen this much confluence across all of them about the potential of a single token to achieve Fartcoin-like virality and success across all of these groups than iâve seen with USELESS
the thesis is simple: all of crypto is USELESS
be it BTC, ETH, SOL, memecoins, AI agents... doesn't matter
literally everything is useless
or at least that is what everyone outside of crypto thinks
so what's more attractive to bid than a literal USELESS coin? đ
ď¸ď¸
key metrics aligning to make USELESS the next breakout memecoin
iâve already highlighted the confluence in alpha groups, but there are several other key signals aligning for USELESS:
- strong OTC demand: people in multiple alpha groups are asking about size OTC buys
- on-chain holders: fastest holder growth of any memecoin launched on LetsBONKfun to date
- very healthy chart: held up while most of the trenches were getting nuked; continues to make higher lows = strong accumulation ongoing
- CEX FOMO kicking in: iâve heard from multiple sources that top CEXs are watching closely. KuCoin listed organically (super rare). wouldnât be surprised if others are silently accumulating
- key trenches and memecoin accounts already pushing it: respected voices publicly treating it as high-conviction
so, why THIS particular USELESS coin?
do you know my biggest regret this cycle?
missing the $PEPE trade
it was right there in my face... first around $2m market cap, then $10m, then $20m, then $100m
but i faded it each and every time for many reasons
prior to that a thousand 'PEPE' coins had been launched and none had traction
so why bid this particular pepe coin, right?
this one had something no other Pepe coin had prior to it: traction, mindshare, and sustained volume and price growth
it is the same with USELESS in my book
yes, several 'USELESS' coins might have been launched in the past
but this is the first one to have any real and sustained traction
and if the Pepe playbook is anything to go by, this looks like what will make that narrative stick and go mainstream!
to wrap this up
every time USELESS pumps:
- it mocks all the 'useful' utility coins faking innovation
- it mocks crypto as a whole
- it reinforces what crypto critics love to say: that everything here is useless
- it gives the anti-crypto crowd a new rallying pointâand in doing so, gives the coin attention, which fuels it further
so take a second and think about this deeply:
whatâs more bullish than normies talking about a coin called USELESS?
imagine checking your exchange and seeing USELESS as the top gainer, up 100% on the day
imagine hopping into your favorite crypto groups and seeing everyone talking about USELESS
imagine logging into X and seeing USELESS trending
does it grab your attention?
i bet it does
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i promised to share my top memecoin picks from the LetsBONKfun trenches earlier
while over 50,000 memecoins have been launched on the platform since it went live two weeks ago, i bidded the following because they're the ones being most frequently shilled to me, and I find them particularly interesting
i've been buying each of these memecoins on dips over the past few days, and now hold between 1.12% and 2.59% of the supply of each in my public wallet (verifiable on-chain)
1. $HOSICO
Cat coin beta to $BONK and the first LetsBONKfun coin to truly gain tractionâI published a thesis on this earlier and will be posting an update soon!
CA: 9wK8yN6iz1ie5kEJkvZCTxyN1x5sTdNfx8yeMY8Ebonk
2. USELESS COIN
the name says it all. while it's easy to be lost in our own CT bubble, the reality is that most people outside of CT write off all of crypto as uselessâwhether itâs BTC, ETH, SOL, or memecoins, there's no distinction to them. 'Itâs all useless,' theyâd say. so what better coin to gain traction off this mockery than USELESS COIN?
Iâm getting Fartcoin vibesâbefore it exploded and went mainstreamâfrom USELESS. whatâs different, though, is that USELESS isnât a Fartcoin derivative (and there are many of those now), but a coin that can stand on the strength of its own narrative
CA: Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
3. $IKUN
i added this coin due to overwhelming requests from the Chinese community. according to them, itâs one of the biggest memes in Chinaâmany from the Chinese community have called it the Chinese equivalent of $PEPE. with a population of 1.4 billion people, fading a meme this widely embraced in China doesnât seem wise!
i like IKUN because it is a fresh narrative introduced by the Chinese themselves. unlike earlier 'Chinese meme' narratives that were mostly forced by Westerners, this one emerged organically. there wasn't a memecoin about IKUN until the Chinese community engaged with LetsBONKfun and me and pushed for it a few days ago
this is a bet on China!
CA: AtortPA9SVbkKmdzu5zg4jxgkR4howvPshorA9jYbonk
4. $GLONK
i originally planned to cap this list at three, but GLONK's role in the launchpad wars drama yesterday made it too iconic to ignore. the GLONK memeâcreated by Ricky Gervaisâis moderately popular in online meme communities like Reddit. the memecoin took off after it became the center of attention in the launchpad wars, with both Pumpfun and LetsBONKfun communities battling to dominate the narrative
the LetsBONKfun version won, hitting an ATH of $17M just hours after launch and generating $120M in on-chain trading volume in 22 hoursâreflecting the massive attention and interest it captured
CA: 8yxD7uSEyEKpJqaSiunworBFzirAsRXKNjD2X1mdbonk
the above is a rough overview of my top memecoin picks on LetsBONKfun
iâll be posting deep-dive threads on each in the coming days, detailing why I invested in them
iâll be holding these memecoins for the foreseeable future. if the community remains strong and active, you can expect more tweets about them going forward
important note: this is not an exhaustive list. many interesting tokens are launching on LetsBONKfun every dayâbe it a viral TikTok pig, other animals, AI tokens, and more
iâm confident that the LetsBONKfun ecosystemâand the broader support it receivesâwill only grow from here. youâre going to hear a lot more about these projects in the near future, God willing!
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who is launching the next viral memecoin on LetsBONKfun?
i'll be actively watching new launches on the platform and buying non-BONK-related coins that I really like from my public wallet
if i see something that really stands out, i might also put it on the fabled bonk guy 'list' and give the token perpetual free marketing
there are so many reasons to launch a coin on https://t.co/JI5WLCh3Vg:
- token creators receive a portion of fees generated from their tokens
- it's the only pumpfun-style platform that supports unit biasâunit bias is incredibly bullish for a coin because nothing beats retail being able to buy millions of units of a token for a few hundred dollars and dream of it one day going to $1 per unit and making them a millionaire
- LetsBONKfun is backed by $BONK, Solana's main memecoin with ~1,000,000 users and has a focus on keeping value generated on the platform within the Solana ecosystem
as if that weren't enough, users who create the best tokens on the platform in the next 7 days will each be rewarded $5,000 for their efforts
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i promised to reveal the name and ticker of my latest six-figure leveraged trade once it did a 2x
this happened a lot faster than i anticipatedâi.e., in just over 24 hoursâso, as promised, iâll be sharing the details of my latest trade:
- token/ticker: $PNUT
- entry market cap: $177 million
- current market cap: $400 million
- margin/investment amount: $152,753.83
- leverage size: 6x
- PNL at the time of writing: $1,151,001.25
Why PNUT?
as i mentioned in my initial tweet about this trade yesterday, PNUT stood out because it shares several traits with two key assets that had insane rallies over the past month: $PENGU and $POPCAT
the most important of these: all three assets (PENGU, POPCAT, and PNUT) were listed on Robinhoodâthe worldâs biggest and most impactful retail trading outletâon the exact same date: 13 March, 2025
i noticed that PENGU and POPCAT began their post-Robinhood listing rallies in early April (about one month post-listing) and are both up 300â400% in just four weeks, while PNUT had barely moved and was still trading around its listing level
furthermore, PNUT had crashed 95% from its $2.5 billion ATH and had been ranging at the bottom for four months straight
it is worth noting that those four months were among the worst periods for crypto in a long timeâ$BTC hit multi-month lows, and many major memecoins suffered fresh 70â90% corrections. yet PNUT held its level and barely budged
this means one thing: sellers have been exhausted!
in addition:
- PNUT is tradable on nearly every major T0 and T1 CEXâRobinhood, Coinbase, Binance, Bybit, OKX, etc
- it is down over 90% from ATH
- it is the lowest cap memecoin on Robinhood
- it's one of the most recognizable recent memecoins among retail, thanks to its unique lore and role during the 2024 US elections
- it consistently did more volume than most major memecoins, even those with 5â8x its market cap
- PENGU & POPCAT (listed on Robinhood the same day as PNUT) have pumped 300â400% in weeks, which many would use as a good reference point/anchor for what's possible with PNUT once it starts pumping
while many dismissed it as 'a dead squirrel no one is talking about,' both charts and fundamentals aligned for an explosive moveâas long as it got the right spark.
in essence:
- it's a memecoin with strong retail familiarity
- itâs listed on every major retail outlet and CEX, making it easy for retail to bid
- when it appears as a top gainer on Robinhood/Coinbase/Binance, many will remember its election-era pump and buy expecting a repeat
- it has a history of strong mindshareâonce it starts pumping, the narrative spreads fast: âwait, that dead squirrel is up 100% and outperforming everything?â
- and perhaps most importantly: widespread disbelief and dismissal created the perfect conditions for a hated rallyâlikely to be amplified by shorts piling on and getting squeezed by organic buy pressure from retail buying due to muscle memory of its last explosive pump
this was my thesisâand so far, it has played out
now, iâve seen a few people insinuate that PNUT only pumped because i tweeted about it. thatâs absurd!
PNUT has added $223 million in market cap in the past 24 hours, with ~$1.2 billion in 24h trading volume
if you truly believe that a single tweet from meâa random anon who didnât even reveal the name, ticker, or entry priceâcaused that much price growth and volume, then i have an Eiffel Tower to sell you!
iâve tweeted about several coins this past week that barely moved, including low caps. i tweeted about Simonâs Cat earlier todayâitâs up only ~10%, or ~$5m in added market cap
the takeaway:
thereâs only so much a single man can do if the fundamentals arenât aligned
PNUT has pumped so hard in such a short time because of its fundamentals at the time of my longâand thatâs exactly why i entered
the market simply validated my thesis
if those fundamentals werenât in place, it wouldnât have pumped even a fraction of what it didâand wouldâve likely retraced any small gain faster than it appeared
at the end of the day:
those who execute and take trades get rewarded. the complainers get sidelined and end up with nothing to show for it
TO GOD BE THE GLORY!
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