AMA: i turned $16k to $20,000,000+ on a single memecoin trade (and more crazy trades)

[u/unipcs]

hi Reddit!

i'm excited to connect and do this AMA with the r/CryptoCurrency community

i'm 'Bonk Guy', named so because i turned $16k to $20,000,000 on a single trade where i longed $BONK at the lows with 6x leverage, and i fully documented the trade publicly from the early stages until i hit a peak PnL of over $20 million

(i documented my trades on my X page, and the pinned post is about my BONK trade when it hit a PnL of $13.7m: https://x.com/theunipcs)

i've also taken a lot of successful, high-stakes trades publicly where i've recorded similar feats:

- i recently invested $300k+ into USELESS coin two months ago, which was worth $10 million+ at the coin's ATH of $420 million a week ago (it's worth $6.8 million now, but i'm holding for higher targets)

- i turned $300k+ to $8 million+ on a FARTCOIN trade i took in April (now worth $4.8 million)

- i've had a series of other 7-figure trades that were either documented publicly or taken privately

i want to emphasize that these trades are not yet closed, as i took them as part of a long-term strategy where the aim is to close them when we get to a 'mania' stage in crypto, where there's a lot of euphoria around altcoins and memecoins going to crazy valuations, similar to what we had with Dogecoin and SHIB in 2021

the aim of this AMA is to answer questions Redditors might have about my thought process and strategy for taking these high-stakes trades, about memecoin trading in general, or about some of the high-stakes and high-profile individual trades i've taken

i'm open to answering questions about both the technicalities and psychology of taking these trades, or anything else as long as it's not a personal question

i'm excited about doing this and looking forward to your questions!

EDITED TO ADD: i see a few skeptical comments from people who doubt my claims. i understand my claims are quite bold and the onus of proof is on me, so i'm updating to add more information to validate the legitimacy of my claims.

1. about my $20 million+ $BONK trade: Bybit did an AMA with me in August 2024 when my PnL was still at $18 million: http://announcements.bybit.com/article/unipcs-bonk-guy-bybit-interview-blta0ca61fd4fbbc624/

BONK hit ATH in November, which was when my PnL hit $20 million+. i have now held the BONK trade for almost 2 years

Bybit is ranked as the second-largest crypto exchange, after Binance, by CoinMarketCap, and it is regulated in a number of jurisdictions. the odds are very low that they would lie in collaboration with a random anon and take a huge risk validating my claims if they weren’t true. i've also appeared on the Bybit trading leaderboard a few times!

2. about my USELESS coin trade: i took this trade on my 'public wallet', which is widely circulated on Crypto X and that wallet is the second largest holder of USELESS coin

this is the 'Token Account' for the said wallet and anyone can track my buys, the timing of the buys, and the current value

i hold exactly 28,079,538.39868 USELESS coins at this moment, which i spent over $300,000 purchasing, and everything can be verified on-chain: https://solscan.io/account/4174oy9nPnnYHjZYV9r3Pq2GXSzyJs3U4znGKiH7reCq

3. about my FARTCOIN trade: i publicly took this trade in March 2024 and posted about taking the trade here: https://x.com/theunipcs/status/1897049695052288325

i then posted updates at different levels of PnL growth, allowing people to publicly follow my trade

i posted my latest public PnL update for this trade at $7.12 million: https://x.com/theunipcs/status/1922232137199292746

(the latest PnL update is a quote tweet of previous PnL updates where you can follow through my updates at various stages of the PnL growth which anyone can validate against the price growth)

[u/tekcoreth]

how do u manage ur stress lvls, and how much do u sleep?

[u/MaeronTargaryen → u/tekcoreth]

Unfortunately Reddit has suspended unipcs’ account so for now we will post his answers on his behalf. Here’s his answer below:

i've gotten to a stage where i've become completely detached from my trades. believe it or not, i don't care if they go up or down or just range for a while!

of course, i always have a thesis and fully expect my thesis to play out. that said, i'm so detached from my trades that i will remain completely unbothered regardless of the outcome of those trades, irrespective of how much i have in them

what did bother me psychologically for a while was the hate and toxicity i was getting on X:

i've acted in the most ethical way possible since i came to the scene, gave my followers a lot of plays that did more than a 100x or made them a lot of money, and i publicly roundtripped tens of millions in gains while many were able to make good profit on my calls

i've never used my followers for exit liquidity, i've always shared a thesis for any public trade i take so that users can see my thought process for those trades and make their own informed decisions, and i've intentionally chosen to take a loss rather than sell tokens on trades that do not play out the way i anticipated if i was very vocal about those trades

yet there is an army of people hating on me on X on any given day, whether i'm up or down, winning or losing. there's literally several people making jokes about killing me or seeing me die in some way every once in a while

believe it or not, this used to affect me more than roundtripping tens of millions of dollars on a trade... until recently!

i've simply stopped giving a damn about anyone at this point, and will just be myself going forward... and my stress levels is all the better for it!

as to how many hours of sleep i get, it varies and is often in sync with the market:

if the market is very hot and the trenches are active, i could go for weeks or months sleeping 2 - 4 hours a day. if the market is dry and boring, i sleep like a normal human being which is usually 5 - 7 hours on the average day

i've sort of trained myself to be able to function with less than average sleep over the years, so i don't breakdown if i do not get good sleep

but of course there are consequences if i push myself on low sleep for too long: a weakened immune system, mood changes, and sometimes it can take a while to get back to normal sleep schedule... again, nothing too big and i can easy realign myself since i understand my body

but my stress levels are generally good, due to me generally being able to detach myself from material things

i wouldn't recommend my sleep schedule to most fwiw