CT tends to forget things very easily
people often talk about my $BONK trade in isolation, but i've traded memecoins across multiple cycles and have been vocal about this fact for a long time now
my BONK trade is my most viral trade, but that trade isn't even close to being my biggest memecoin trade
when i first came onto the scene with the BONK trade in 2023, many doubted me and thought i was retarded
i didn't even have an X (then Twitter) account at the time
it was a trade i took in @0xLawliette's 'The Lab' group, and soon a lot of trenches groups started talking about my trade as i provided updates in The Lab (which L shared on his Twitter page then)
i initially went from $16k to $50k to $100k, and then $1 million plus on that single trade
then the story took off on Twitter and many begged me to open an X account
i opened an X account and became a main character on and off for a while, as people mocked and dunked on me during drawdowns, then hailed me again whenever my uPnL ripped with the market
everyone sees the $BONK trade as 'the guy who turned $16k into $20m plus on a single trade' as if it was some effortless lucky run that went up in a straight line
very few people saw the conviction it took to keep holding while things looked hopeless and almost everyone on this platform turned on me and made me the butt of their jokes for months every time the market dipped
but i was pretty clear and loyal to both my thesis and conviction at the time, and i rode that trade from $16k to $20m plus at peak
of course 10/10 happened and i got wiped out
no one predicted an 80% crash in a single candle on blue chip altcoins in mere minutes
nothing remotely like it had happened before in crypto
it didn't even happen during COVID
it's an anomaly and shouldn't have happened
anyway, that chapter is over: i've been humbled and i've learned key lessons that will forever remain with me
however, it's easy to look at my BONK trade in isolation and regard it as 'pure luck'
in addition to BONK:
• i nailed almost every major Elon meta in group chats and realized several 7 figures worth of profit on them e.g. with $GROK and many other memecoins at the time (i played a huge role in getting many of the new cyclers to understand Elon's power in moving memecoin markets)
• with GROK for example, i clearly laid out my thesis, aggressively pushed it and got many of the Lab homies to see the vision even though i had limited clout at the time. i think The Lab collectively bought over 10% of its supply at some point mainly due to my thesis, maybe even more, and many made 6 - 7 figures in profits as a result
• i called almost every major bluechip runner of the 2024 meme run before they exploded
• i publicly turned $5k into $1 million plus on a single $WIF trade
• i publicly turned low six figs into $8m plus on a single $FARTCOIN trade
• i publicly turned low six figs into 7 figs on several other coins e.g. $POPCAT, $PNUT, etc
• i called the Politifi meta way ahead of most and publicly turned peanuts into mid-7 figs to 8 figs on a few Politifi coins
• i called the Roaring Kitty meta (with the $GME, $AMC, and similar memecoins at the time) and hit mid 7 figs on low six figs invested into these coins
i'm not trying to say i'm perfect btw
i'm deeply flawed, and i have publicly proven to be bad at taking profits
in hindsight, this only became an issue after i started documenting my trades because i somehow felt responsible for people who followed me and became too worried about what would happen to their positions if i took profits
that was a very stupid (and poor!) mindset to have, and i've grown out of it (hopefully!)
the point of all of my ramblings above is this:
there is a method to my madness with memecoins, and i've traded them long enough, through multiple cycles and hundreds of coins, to trust my instincts
i very rarely have this level of conviction in any memecoin
and i can count on one hand the amount of memecoins that i've had that level of conviction in e.g. BONK, FLOKI, etc (all ended up hitting multi-billion-dollar market cap and being generational trades for me)
when i keep hammering on just one coin while an army of people pocketwatch, mock, and ridicule me... even though i could have made 7 figures, maybe even 8 figures, by cutting deals and shilling dozens of other stuff i have no conviction in (and i get a crazy amount of offers)... it's because i have extremely high conviction in the potential of that coin
the level of conviction i have in $USELESS is greater than i've had in almost anything else in this market
so i'll keep pushing it aggressively until it gets to the level i believe it's ultimately headed toward in due time 🫡
the saddest part of crypto isn’t the money
it’s the version of yourself you were before you found it
i used to save. i used to sleep. i used to answer my mom’s calls without checking if she somehow found out
now i’m just a guy who knows exactly what a rug looks like
Pump and dump activity for $RAVE originated on @bitget@binance@Gate
Call to action for both @heyibinance@GracyBitget to do better and launch internal investigation offboarding the responsible actors.
Offering up to $10K bounty of my personal funds for whistleblowers to come forward privately to share evidence about parties involved
We cannot allow this blatant market manipulation by insiders controlling >90% RAVE support to further extract from retail investors.