Bonk Guy says PONS and USELESS remain below $1 billion market cap

  • Bonk Guy challenged claims that his refusal to sell reflects market manipulation.
  • PONS and USELESS have market caps of about $400 million and $270 million.
  • Bonk Guy said previous-cycle meme coins and protocols exceeded billion-dollar valuations.

Bonk Guy, also identified as Unipcs, rejected claims that his decision not to sell signals market-maker or fund manipulation and makes him untrustworthy. He said he continues to hold high-conviction meme coins and other assets because valuations in the previous market cycle exceeded $1 billion for some meme coins, reached more than $4 billion to $5 billion for stronger meme coins, and surpassed $5 billion for leading protocols. PONS and USELESS are currently valued at about $400 million and $270 million, respectively, below the $1 billion level, while Bonk Guy said the current market may be more active and that he invests across different time horizons.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.