ChainCatcher reported that crypto trader Bonk Guy posted on X to address recent controversy over his EMBER purchase and lay out the reasoning behind the position.
Bonk Guy said he first noticed the project when EMBER had a market capitalization of about $3 million, but did not buy at that point. After watching it for another day, he revisited the project as platform data rose quickly, then bought from roughly a $7 million market cap up to a $20 million market cap.
Why he said he bought EMBER
According to Bonk Guy, EMBER is a major Launchpad based on Meteora. He said it supports SOL, USDC and more than 150 tokenized stocks as paired assets for token issuance, uses Meteora Dynamic Bonding Curve technology, and also offers token tax distribution, Daily Jackpots and DAO governance.
He disclosed that within three days of launch, Ember had recorded about $51.7 million in trading volume and $561,000 in fees, while a total of 2,041 tokens had been launched on the platform. He added that Ember had more than 41,800 unique holder addresses and 149,000 Solana transactions.
Comparison with his earlier PONS trade
Bonk Guy compared the EMBER trade with his earlier PONS trade. He said he first saw PONS when its market cap was below $1 million, ignored it for a full day as well, and then started buying at around a $4 million market cap.
In his view, whether a Launchpad has already produced a breakout token matters less than the real usage data underneath the platform.
On Solana Launchpads and consensus trading
Bonk Guy said both Robinhood Chain and BNB Chain have multiple successful Launchpads. Given that Solana's meme trading ecosystem has had a longer development cycle, he said there is no reason to assume Solana can ultimately support only one successful Launchpad.
He also said his trading decisions do not rely on market consensus. Some of his most successful trades, he said, came from spotting opportunities before consensus formed. By the time everyone agrees, the asymmetric upside is often much smaller.
His response to the recent controversy
Addressing the latest dispute, Bonk Guy said the claim that 「EMBER had more than 50% Bubblemaps address clusters」 had already been clarified by Bubblemaps. He also said his earlier description of Ember as 「launched by Meteora」 was not accurate. A more precise description, he wrote, is that Ember is built on Meteora-related infrastructure and is now listed on Meteora's ecosystem page.
Bonk Guy said he has no relationship with the Ember team and that EMBER is a personal trade for him.