Bitrabo Editorial
Crypto trader @theunipcs gained significant attention in the crypto community on X (formerly Twitter) after executing what many are calling a remarkable trade with the Solana meme coin, BONK. Nearly a year ago, the trader took a long position on BONK when it was at a low point in the market. Following a price surge in 2023 and 2024, his investment reportedly swelled to over $18 million in unrealized gains at one stage.
His success sparked curiosity about the strategy behind such a trade. In response, the trader shared that the key to achieving success in this market is simply to maintain strong conviction.
The Importance of Conviction
In a detailed post on X, the trader discussed his ability to sustain his BONK investment despite facing multiple market corrections. He brushed off suggestions that his significant profits were merely a result of luck, instead crediting his success to a strong belief in the coin.
Unipcs urged investors to abandon the belief that they could quickly amass wealth. He pointed out that stories of turning small amounts like $100 into millions are exceptionally rare and usually involve notable conviction.
Rather than frequently trading various cryptocurrencies, he advocates for the strategy of selecting one cryptocurrency to invest in early and holding it based on conviction. He cited his successful long trade in Dogwifhat, turning a $6,000 investment into $1 million, which he continues to retain.
Another investment driven by conviction is the FLOKI meme coin, which he regards as his largest meme coin holding and continues to support through market fluctuations. He is optimistic that the price of FLOKI will increase further.
“Let go of the fantasy that you can turn $100 into a million overnight,” Unipcs advised. “If you don’t learn to hold firm convictions in your trades, you may end up regretting missed opportunities.”
Becoming ‘The BONK Guy’
Unipcs has earned the nickname “The BONK Guy” in the crypto community after making his outstanding trade known. When the price of BONK peaked at $4.7 earlier this year, his unrealized profit surpassed $18 million.
Despite having secured such substantial profits, he has chosen to stay invested. He believes that the BONK price will soar even higher, with the potential for his trade to reach values between $50 million and $100 million in the future.