Bonk Guy Defends EMBER Purchase, Says He Remains Bullish on STONK

Trader Bonk Guy responded on X to criticism from the STONK community over his purchase of EMBER, saying some members viewed the move as an attempt to challenge STONK's position in the launchpad sector and that the reaction was exaggerated. According to Odaily, he said STONK's second-largest holder had previously bought EMBER at a $2.8 million market cap and held it for many days without facing similar scrutiny, while he was labeled a villain after buying EMBER at about six times that valuation. Bonk Guy said he still remains bullish on STONK and had publicly praised it even when he held no position, a post that has drawn more than 400,000 views. He added that support from core Solana ecosystem teams for STONK was one of the main reasons he turned bullish on Solana again after being broadly bearish on the ecosystem for several months. He said he has long focused on trading low-cap projects because he sees a better risk-reward profile in those assets and rarely buys large-cap tokens, even when he expects them to perform well. Bonk Guy also said his EMBER purchase was not intended as PvP competition and that STONK and EMBER can both succeed, arguing that the idea of only one winner in a sector goes against the nature of the crypto industry. Bonk Guy added that the strong reaction from the STONK community showed its cohesion and said competition and multiple projects succeeding are positive for the industry.