i woke up to FUD claiming 'bonk guy sold $50,000,000 of bonk this week'
this isnāt true:
1. first of all, i have never had up to $50 million in BONK. my peak PnL was a little over $20m at BONK ATH, and BONK is still around 46% down from its ATH price. i was very transparent about this then, so anyone can verify it publicly
2. iāve posted at least a dozen PnL updates of my BONK trade since i opened the position almost two years ago, and itās been clearly established that my position is a perps trade, not spot. this user is posting a random screenshot of a spot trade and attributing it to me
3. ironically, BONK core contributor @iamkadense addressed the circulating screenshot yesterday and confirmed it was from a fund that was forced to liquidate to cover losses
i also quote tweeted that tweet for visibility:
Kadenseās tweet was published over 30 hours ago and has 180,000 views now, so this user had more than enough time and opportunity to know the screenshot had nothing to do with me... if he was really interested in the truth
however, the account fudding is a passionate $PUMP bull and a vocal $BONK eco hater... so itās clear he has malicious intent and zero interest in the truth
heās been very publicly vocal about buying $PUMP and is down bigly on all his public buys (heād be up a ton if he simply bought BONK or BonkFun eco coins like USELESS btw!)
so iām not surprised he hates BONK
he also launched a malicious and untrue attack against BonkFun lead dev @SolportTom earlier this week and refused to retract after he was shown evidence debunking his FUD
this fudder is clearly someone with little to no integrity, who is down a lot of money on his public $PUMP trades and is willing to do whatever it takesāincluding knowingly publishing lies and malicious takesāin hopes itāll negatively affect BONK and the BonkFun ecosystem
interestingly, this is the second FUD tweet of this nature this month, and when the first one came out, i had an army of people tagging me in group chats or DMāing me to congratulate me or ask if it was true
my response to them was clear: 1) itās not true 2) iād be retarded if i sold BONK at these levels after holding for almost two years
as iāve repeatedly tweeted lately, i believe BONK is getting primed for one of its most aggressive moves in recent times⦠one thatāll send it to $10 billion+
i genuinely believe this, and thereās zero chance iāll be selling just before it plays outāespecially after holding through insane volatility for almost two years!
so why do they keep posting these FUD tweets?
itās simple: it gets them engagement
the first account that posted FUD two weeks ago had 7k followers, and that tweet suddenly got hundreds of thousands of views in hours
this second account fudding now has gotten 193,000 views on its false, malicious tweet in just 11 hoursāprobably the most engagement itās ever had in that timeframe
so once again:
I HAVE NOT SOLD A SINGLE BONK TOKEN
and i do not intend to sell any time soon
i promised to provide a PnL update once my BONK PnL hits $50 million, and iāll do just that GOD WILLING
that said, i think itās very important that you stay wary of FUD tweets like this going forward
i get that everyone wants to know when i close my position
but i can assure you of two things:
1. it wonāt be happening any time soon
2. when it does happen, you wonāt be hearing about it first from bottom-of-the-barrel, low-integrity accounts like this one
i also want to strongly advocate that you form YOUR OWN thesis for your own tradesāsimply taking trades 'because bonk guy did' or reacting to every speculation about what bonk guy does is not a good trading strategy
this is why i always make sure to post a clear thesis for the trades i take: so you can see the data and form your own opinion instead of just copytrading me


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