Pseudonymous Millionaire Trader ‘Unipcs’ Rakes In Millions By Investing Early In DOGE And MAGA Meme Coins

Pseudonymous millionaire trader ‘Unipcs,’ informally known as ‘BONK Guy,’ has been highlighted by on-chain analytics firm Lookonchain for amassing significant

Pseudonymous millionaire trader ‘Unipcs,’ also known as ‘BONK Guy,’ has been highlighted by on-chain analytics firm Lookonchain for amassing significant gains by investing early in the Department of Government Efficiency (DOGE) and MAGA MAGA/USD meme coins.

Tracking the trader's journey, Lookonchain revealed on Friday that the trader had invested 235 Ethereum (ETH) ($584,000) when the Musk-themed DOGE — not to be confused with the much bigger and more popular Dogecoin (DOGE) — had a $2.7 million market cap, yielding him 33.35 million DOGE, now valued at $4.7 million. This investment currently sits at an unrealized profit of $4.12 million.

The trader also invested in the MAGA coin, a meme asset associated with Donald Trump. Spending 18.45 ETH (about $57,000) to acquire 6.27 billion MAGA tokens, they are now valued at $452,000, yielding an unrealized profit of $395,000.

At one point, Unipcs' MAGA holdings reached a peak unrealized profit of $4.33 million before a price pullback. True to the “diamond hands” philosophy, he has held onto his MAGA tokens, despite the volatility. His profits decreased by $3.94 million.

Unipcs' experience illustrates the “diamond hands” mentality in crypto, showing the potential rewards for those who stay committed through market turbulence.

In another tweet, Unipcs stated that the original Dogecoin could be the next meme coin to reach a $100 billion market cap, using Elon Musk's "DOGE" acronym as a symbol of the meme coin's strength.

IntoTheBlock data shows large transaction volume for Dogecoin decreased by 35.6% with active addresses down 26.3% and high-value transactions falling from 2,183 to 1,085. Net exchange flows, however, are up by 15%.

The influence of meme coins will be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Image created using artificial intelligence with Midjourney.

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