Memecoin dealer Unipcs needs to experience his tokens to $1 billion.
Some name it lame, whereas others say it is only a “loser in our own community buying the top.” Many are rooting for him, nonetheless.
A brand new character has emerged onto the crypto scene, attempting to emulate the success of famed monetary analyst turned meme inventory investor Keith Gill, also referred to as Roaring Kitty.
Who’s Unicps, also referred to as ‘Bonk Guy’?
Unipcs made waves not too long ago when he posted, “the consensus take is that Roaring Kitty & $GME is done, right?”
Unipcs claimed that as an alternative of promoting, he determined to carry his Roaring Kitty-related memecoins. And apparently, it has been enjoying out.
‘Bonk Guy’ reappeared yesterday. “I’m up 7 figures on the Roaring Kitty meta today i.e. $GME, $AMC, & $KITTY memes on Solana while many fudded Kitty, I diamond handed & bought more, and I publicly documented my conviction,” he wrote.
His outcomes have some calling him the Roaring Kitty of crypto – a tag that has cut up the crypto neighborhood down the center.
Roaring Kitty Roars Again
Keith Gill grew to become well-known in February 2021 when a defiant group of merchants from Reddit determined to begin shopping for up shares of the online game franchise GameStop.
Their aim was to “stick it to the man.”
Wall Road Bets members drove up GameStop’s inventory value, disrupting main hedge funds in what’s referred to as a brief squeeze. In such a state of affairs, merchants betting in opposition to a inventory are pressured to shut their positions or threat liquidation.
The share value reached a excessive of $483 however subsequently crashed. Gill went quiet within the years that adopted till a shock publish on X on Could 12 kicked markets into gear once more. Despite the fact that it didn’t point out GameStop immediately, the inventory doubled in a single day.
Then, crickets. Gill went radio silent for weeks, however the rumors had been swirling. Was Roaring Kitty again, and extra importantly, what would possibly it imply for a crypto market inundated with memecoins?
On June 2, Roaring Kitty reappeared once more, this time with an enigmatic picture of a UNO card, adopted by a message posted by Gill’s Reddit account. He posted a screenshot titled “GME YOLO Update,” which confirmed a $200 million place in GameStop.
The inventory almost doubled. And right now, he returned to YouTube after almost three years away. His first livestream drew in 700,000 viewers.
And in what is likely to be one of many strangest moments on this market cycle, CNBC broadcasted that Gill’s livestream was “28 minutes late” however had begun nonetheless.
Crypto’s Roaring Kitty
Whereas Gill has made a reputation for himself as a memecoin investor and a “man of the people,” his crypto copycat has struggled to rally supporters – regardless that he does have some.
“Crypto so lame compared to tradfi bros we have bonk guy tryna do the same thing roaringkitty doing with gamestop & half the timeline starts hating on him,” posted Solana-based memecoin investor Zion Thomas, also referred to as Ansem.
Ansem was met with resistance by different crypto pundits.
“Isn’t the difference that the ‘loser’ in the GME scenario is perceived to be hedge funds positioned short,” requested veteran crypto investor Cobie. “So supporting RK is a community ‘sticking it to the man’ or outsiders, and he is a rallying cry for the little guy to team up against those interests. Whereas the loser in the Bonk scenario is just someone in our own community who buys the top?”
BONK plummeted right now amid the controversy.
The token dropped 12% however nonetheless instructions a $1.8 billion market cap, up almost 20,000% since September 2023.
Memecoin mania reveals no indicators of slowing down.
Trump has seen his baggage balloon because of crypto fans sending him a hoard of TROG tokens, whereas musician Iggy Azalea’s memecoin MOTHER skyrocketed to a $200 million market cap right now. Different notable celebrities like Caitlyn Jenner have caught the brunt of memecoin scammers however finally proceed to play the sport.
