Memecoin dealer Unipcs desires to trip his tokens to $1 billion.
Some name it lame, whereas others say it is only a “loser in our personal group shopping for the highest.” Many are rooting for him, nevertheless.
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, often known as Roaring Kitty.
Who’s Unicps, often known as ‘Bonk Man’?
Unipcs made waves not too long ago when he posted, “the consensus take is that Roaring Kitty & $GME is finished, proper?”
Unipcs claimed that as an alternative of promoting, he determined to carry his Roaring Kitty-related memecoins. And apparently, it has been taking part in out.
‘Bonk Man’ reappeared yesterday. “I am up 7 figures on the Roaring Kitty meta as we speak i.e. $GME, $AMC, & $KITTY memes on Solana whereas many fudded Kitty, I diamond handed & purchased extra, 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 group 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 purpose was to “stick it to the person.”
Wall Avenue Bets members drove up GameStop’s inventory worth, disrupting main hedge funds in what’s often known as a brief squeeze. In such a scenario, merchants betting in opposition to a inventory are compelled to shut their positions or danger liquidation.
The share worth reached a excessive of $483 however subsequently crashed. Gill went quiet within the years that adopted till a shock put up on X on Could 12 kicked markets into gear once more. Regardless 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 may 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 Replace,” which confirmed a $200 million place in GameStop.
The inventory almost doubled. And as we speak, he returned to YouTube after almost three years away. His first livestream drew in 700,000 viewers.
And in what is perhaps 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 individuals,” his crypto copycat has struggled to rally supporters – regardless that he does have some.
“Crypto so lame in comparison with tradfi bros now we have bonk man tryna do the identical factor roaringkitty doing with gamestop & half the timeline begins hating on him,” posted Solana-based memecoin investor Zion Thomas, often known as Ansem.
Ansem was met with resistance by different crypto pundits.
“Isn’t the distinction that the ‘loser’ within the GME state of affairs is perceived to be hedge funds positioned brief,” requested veteran crypto investor Cobie. “So supporting RK is a group ‘sticking it to the person’ or outsiders, and he’s a rallying cry for the little man to crew up in opposition to these pursuits. Whereas the loser within the Bonk state of affairs is simply somebody in our personal group who buys the highest?”
BONK plummeted as we speak 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 luggage balloon due to crypto fanatics sending him a hoard of TROG tokens, whereas musician Iggy Azalea’s memecoin MOTHER skyrocketed to a $200 million market cap as we speak. Different notable celebrities like Caitlyn Jenner have caught the brunt of memecoin scammers however finally proceed to play the sport.
