BonkGuy Says He Bought Over $500,000 of MEME and Denies Insider Trading Claims

Trader BonkGuy, known as @theunipcs, said he has cumulatively invested more than $500,000 in MEME at an average market capitalization of about $45 million and denied insider trading allegations. According to ChainCatcher, he said MEME sits at the center of the meme/stock narrative and argued that the sector has already produced several high-valued projects. He cited AI at $320 million, MARSCOIN at $260 million, and STONK at $220 million. BonkGuy also said that if regulatory disputes ultimately benefit the sector, MEME could reach a market capitalization of several billion dollars and may eventually list on Robinhood. The comments came as Robinhood founder Vlad Tenev and the AMC CEO publicly debated the legality of meme/stock tokens. MEME briefly rose above $130 million in market capitalization and was last reported at $122 million.