Crypto trader @theunipcs gained popularity within the crypto community on X (formerly Twitter) after making what is being called a legendary trade involving the Solana meme coin, BONK. The analyst had mined the BONK coin almost a year ago when it was still struggling to survive in the market. As the price of BONK climbed through 2023/2024, so did the trader’s bag, reaching over $18 million in unrealized profits at one point.
Naturally, the crypto trader’s success has sparked many questions as to how he was able to pull off such a transaction. In response, the crypto analyst revealed his big secret, telling investors that all they need to succeed in the market is to have conviction.
Why Conviction Is All You Need
In a lengthy post on The trader responded to claims that his 8-figure NLP can be attributed to luck. However, he explains that it is more about belief in a single cryptocurrency than luck.
Unipcs advised investors to get rid of the mentality that they were going to make a lot of money in a short period of time. Additionally, he explained that stories that turned $100 into a million were very rare, and even in those cases it was extreme conviction.
So, instead of buying and selling many cryptocurrencies over time, the crypto trader believes it is better to find a cryptocurrency to get into early and hold onto it with conviction. The analyst gave the example of his long Dogwifhat trade, which allowed him to turn $6,000 into $1 million, which he continues to hold.
Another high conviction play for the crypto trader is the FLOKI meme coin. He revealed that FLOKI is the largest of all his coin holdings and the trader continues to hold it through different cycles. This is due to his belief and belief that the price of FLOKI will increase further.
“Get out of the fantasy that you will go from $100 to a million dollars in a few days,” Unipcs said. “If you don’t learn to have conviction in your trades, you will end the cycle with a lot of regrets due to many missed opportunities that could have been you.”
“The BONK guy”
Unipcs is now widely known as “The BONK Guy” in crypto spaces after going public with its legendary BONK exchange. When BONK price hit a new all-time high of $4.7 earlier in the year, its unrealized NLP on its long trade surpassed $18 million.
Despite such an enticing profit, the crypto trader refused to exit the trade. Indeed, he believes that the price of BONK will increase much more and that this single transaction could be worth between $50 million and $100 million in the future.
Featured image created with Dall.E, chart from Tradingview.com
