On September 25, renowned trader Bonk Guy addressed external doubts regarding his long-term holding of tokens without selling, which some speculated might be related to market makers or funds. He stated that his trading strategy involves holding high-confidence assets for the long term and does not believe that an asset's price increase necessitates selling. His holding period differs from that of some market participants. In the previous cycle, some ordinary meme coins surpassed a market capitalization of $1 billion, with strong-performing meme coins and protocols reaching valuations of $4 billion to $5 billion. He anticipates that the current cycle may be even stronger, which is why he is not in a hurry to sell his main holdings. He noted that PONS is the most confident utility token in his portfolio, currently valued at around $400 million, while USELESS is his most favored meme coin, currently valued at approximately $270 million. Both tokens have not yet reached a market capitalization of $1 billion and are significantly below the valuation levels of some major projects from the previous cycle.
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Bonk Guy Responds to 'Not Selling' Criticism: Long-Term Holding of High-Confidence Assets is His Trading Strategy
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