Pseudonymous trader Unipcs, with the apt nickname “Bonk guy,” shared an update on his Bonk (CRYPTO: BONK) trade that saw turn $16,000 into several millions. What Happened: The trader gained fame on “Crypto Twitter” at the end of 2023 for opening a long position on Bonk when the token was at a $20 million market capitalization. Bonk proceeded to run to a market capitalization of over $2 billion, meaning the trader’s position was worth $12.7 million at its peak. The following retrace saw him lose millions of unrealized gains, sparking heated debates on social media that led to his account being …
