Solana-based meme coin USELESS rose more than 50% over the past 24 hours, reaching $0.1051 and lifting its market capitalization to $104 million, according to GMGN data cited by BlockBeats on Sept. 1. The move followed comments from trader "Bonk Guy," who revisited his past meme-coin trades and said his current conviction in USELESS is even stronger than it was when he traded BONK in 2023.
In recounting earlier trades, he said he turned a $16,000 BONK position using 6x leverage into more than $20 million, though he later gave back all of those gains on Oct. 10. He added that this was not his only outsized win. During the previous cycle, he said trades tied to DOGEGOV, MAGA, and Roaring Kitty helped him grow low five-figure to six-figure capital into more than $5 million to $10 million.
Unipcs also said USELESS had previously climbed from roughly a $4 million market cap to $450 million outside a bull market, and argued that a first run through a "real" bull market could bring a larger move.
USELESS, a meme coin in the Solana ecosystem, gained more than 50% over the past 24 hours and was trading at $0.1051, with its market capitalization rising to $104 million, according to GMGN data cited by BlockBeats on Sept. 1.
Bonk Guy revisits earlier meme-coin trades
Earlier in the day, "Bonk Guy" reviewed his meme-coin trading record and said he made more than $20 million from a BONK trade that started with $16,000 at 6x leverage. He added that he later gave back all of those accumulated profits on Oct. 10, but said that result was not his only major trading win.
He also said that in the previous cycle, trades related to DOGEGOV, MAGA, and Roaring Kitty helped him turn low five-figure to six-figure capital into more than $5 million to $10 million.
Unipcs says conviction on USELESS is even higher
Unipcs said his bullishness on USELESS is now even stronger than it was when he traded BONK in 2023. He said USELESS had previously risen from about a $4 million market capitalization to $450 million outside a bull market, and said the token could see a larger move if it goes through a real bull market for the first time.
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