Bonk Guy Responds to 'No Sell' Criticism: Long-Term Holding of High-Conviction Assets Is His Trading Strategy

BlockBeats news, September 25: Well-known trader Bonk Guy posted a response to external doubts about his long-term refusal to sell tokens and possible connections to market makers or funds. He stated that long-term holding of high-conviction targets is his trading strategy, and he does not believe that an asset must be sold simply because it has risen. His holding period differs from that of some market participants.

In the previous cycle, some ordinary Meme coins reached a market cap of over $1 billion, while stronger-performing Meme coins and protocols once reached market caps of $4 billion to over $5 billion. He expects this cycle's market conditions may be stronger, so he is currently in no hurry to sell his main holdings.

He said PONS is the utility token with the highest conviction in his portfolio, currently with a market cap of about $400 million; USELESS is his most favored Meme coin, currently with a market cap of about $270 million. Neither has yet reached a market cap of $1 billion, and both are clearly below the valuation levels of some major projects in the previous cycle.