Trader BonkGuy disclosed a $500,000 MEME token buy at a $45 million valuation, denying insider trading. He argued MEME is at the core of the meme/stock narrative, referencing other high-cap projects. With Robinhood's founder and AMC CEO debating token legality, BonkGuy sees potential for MEME to reach billions if regulatory outcome is favorable, and expects a Robinhood listing. MEME briefly hit $130M market cap before settling at $122M.
Trader BonkGuy (@theunipcs) posted on social media that he has invested over $500,000 in the MEME token at an average market cap of around $45 million, and denied allegations of insider trading.
BonkGuy stated that MEME sits at the core of the meme/stock narrative, a track that has already produced several high-valuation projects, including AI ($320M), MARSCOIN ($260M), and STONK ($220M). Currently, Robinhood co-founder Vlad Tenev and the CEO of AMC are engaged in a public debate over the legality of meme/stock tokens.
BonkGuy argued that if the regulatory dispute ultimately benefits this sector, MEME's market cap could reach tens of billions of dollars, and he expects it to eventually be listed on Robinhood.
Following the statement, MEME briefly surpassed a $130 million market cap and is now trading at $122 million.
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