BonkGuy denies insider trading, claiming MEME could impact a market value of tens of billions of dollars
Trader BonkGuy (@theunipcs) posted that he has cumulatively invested over $500,000 in MEME at an average market value of about $45 million, and denied insider trading allegations. BonkGuy stated that MEME is at the core of the meme/stock narrative, which has spawned several high market cap projects (AI at $320 million, MARSCOIN at $260 million, STONK at $220 million).Currently, Robinhood founder Vlad Tenev and AMC CEO are engaged in a public debate over the legality of meme/stock tokens. BonkGuy believes that if the regulatory controversy ultimately favors this sector, MEME has the potential to impact its market cap by billions of dollars, and he expects it to potentially land on the Robinhood platform in the future. Possibly influenced by this, MEME briefly surpassed $130 million and is currently reported at $122 million.