BlockBeats said on September 7 that blockchain analytics platform GMGN shows Bonk Guy — the trader who became well known after landing more than 100x returns on the PONS token — has started building up the AMC stock-linked meme token MEME again.
The numbers are blunt. From September 5 to 7, Bonk Guy made eight cross-chain buy orders and put in about 321,700 USDC in total to acquire 8.2055 million MEME at an average blended cost of roughly $0.03921. That fresh position is now worth about $747,600, leaving an unrealized profit near $425,900, or 132.4%. All eight buys are in the green right now.
The most recent trade was also the biggest. At 00:03 today, Bonk Guy sent about 66,700 USDC from the Solana network and bought 2.0886 million MEME through a cross-chain transfer. The average execution price came in at only $0.03194, about 29.8% below the cost of the prior buy. At current prices, that one position is valued at around $190,300, for an unrealized gain of $123,600 and a 185% return.
Looking at each buy on its own, entry prices ran from $0.02868 to $0.06395 per MEME. MEME is now trading around $0.091, so returns on the individual trades span 42% to 218%.
The wallet now holds roughly 10.3878 million MEME, worth about $945,000 at the same quoted price. Of that total, 8.2055 million came from the eight new buys. The other 2.1823 million came from an earlier transfer and later sale activity, and the original cost of that portion is still unknown.
The on-chain record shows the address received about 3.0588 million MEME at 01:12 on September 5. Then, at 07:48 that same day, it sold 876,500 MEME for about 49,000 USDC. After that, the address shifted into steady buying. And as of press time, there were no matching token outflows tied to the eight new positions.
Elsewhere, a Robinhood co-founder followed a MEME account, and the token jumped nearly 2x over a short stretch. The day before, several traders had already rushed to add to their positions. Bonk Guy had earlier posted more than 150x returns on PONS, and the total value of his portfolio has now climbed past $27 million, setting a new high.