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Bonk Guy responded to the controversy over buying EMBER: starting to build a position with a market value of about 7 million USD, optimistic about its Launchpad data growth

ChainCatcher crypto trader Bonk Guy posted on the X platform in response to the recent controversy surrounding his purchase of EMBER and explained his investment logic. Bonk Guy stated that he first noticed the project when EMBER's market cap was about 3 million dollars but did not buy in. After observing for a day due to the rapid growth of platform data, he re-evaluated and bought in from a market cap of about 7 million dollars all the way up to a 20 million dollar market cap.Bonk Guy mentioned that EMBER is the main Launchpad based on Meteora, supporting the use of SOL, USDC, and over 150 tokenized stocks as paired assets for issuing tokens, and employs Meteora Dynamic Bonding Curve technology, while also providing features such as token tax distribution, Daily Jackpots, and DAO governance.According to his disclosure, Ember recorded about 51.7 million dollars in trading volume and 561,000 dollars in fees within 3 days of launch, with a total of 2,041 tokens issued, over 41,800 unique wallet addresses, and 149,000 Solana transactions. Bonk Guy compared his purchase of Ember to his previous trade in PONS, stating that he first saw PONS when its market cap was below 1 million dollars, similarly ignoring it for a whole day, and then began buying in at around a 4 million dollar market cap. Rather than whether a popular token has already emerged, it is more important to observe the real usage data underlying the Launchpad.Additionally, Bonk Guy stated that both Robinhood Chain and BNB Chain have multiple successful Launchpads, and that Solana's meme trading ecosystem has developed over a longer period, so there is no reason to believe that Solana can ultimately only accommodate one successful Launchpad. He also mentioned that his trading decisions are not based on market consensus. Some of his past most successful trades often came from identifying opportunities before the market formed a consensus; by the time everyone recognizes it, the asymmetric upside potential is usually significantly reduced.Regarding the recent controversy, Bonk Guy stated that the claim "EMBER has over 50% of Bubblemaps address clusters" has been clarified by Bubblemaps; his previous statement that Ember "was launched by Meteora" is also inaccurate, with a more accurate description being that Ember is based on Meteora's related infrastructure, which is now included in the Meteora ecosystem page. Bonk Guy emphasized that he has no relationship with the Ember team, and EMBER is a personal trade for him.

Gate Launchpool's three major activities are running simultaneously, and the MarsCat (MCAT) prize pool exceeds one million dollars

According to official news, the Gate Launchpool Phase 375 MarsCat (MCAT) event is currently underway and will last until September 24 at 20:00 (UTC+8). Users can stake USDT, GT, or MCAT to share 2,000,000 MCAT tokens for free, with the current prize pool exceeding one million dollars. Among them, the total amount of USDT staked has reached 83,708,714.6 USDT, with an estimated annualized return rate of 13.69%; the estimated annualized return rate for the GT staking pool is 174.53%; and the estimated annualized return rate for the MCAT staking pool is 7522.57%.In addition, the Gate Launchpool CP and ALIGN events are simultaneously ongoing, with three major Launchpool activities running in parallel, providing users with diverse staking options. In the Gate Launchpool CP event, the total amount of ETH staked has reached 15,974.39 ETH, with an estimated annualized return rate of 3.15%; the estimated annualized return rate for the BTC staking pool is 1.41%; and the estimated annualized return rate for the CP staking pool is 61.65%. In the Gate Launchpool ALIGN event, the total amount of USDT staked has reached 137,165,777.41 USDT, with an estimated annualized return rate of 4.76%; the estimated annualized return rate for the GT staking pool is 0.96%; and the estimated annualized return rate for the ALIGN staking pool is 116.85%.
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