Investor Who Bought Altcoin During Panic Sees Position Increase by $978K: Buy Preceded the Rally

Bonk Guy saw an increase of approximately $978,000 on his position screen from the 10.3 million MEME he accumulated during panic selling.

On-chain data platform Lookonchain shared the remarkable timing in MEME transactions by the investor known as Bonk Guy. The investor continued buying while many were selling and made his final transaction just a few hours before the surge in MEME price.

It is stated that Bonk Guy bought a total of 10.3 million MEME. While the source gives the current value of these assets as approximately $1.43 million, the increase in the investment’s value is shown at $978,398 on the position screen. According to the data on the screen, the return on the position reached approximately 194 percent.

Buy coming before the MEME rally

In the transaction history, multiple buys as well as a sale and a “Received” transaction can be seen. The most recent purchase, amounting to approximately $66,693, took place shortly before the surge on September 7. Along with previous transactions, the average entry level for the position was formed at a market cap of approximately $44.7 million.

Lookonchain reported that Bonk Guy has once again earned approximately $1 million in MEME; this amount refers to the value increase seen on the position screen.

The platform also stated that those who copied the investor’s transactions at the same time could theoretically achieve a 5x return. This calculation was shared as a conditional result based on the prices at which the transactions took place.