BONK Guy Turns $200K Profit on $USELESS After 10/10 Wipeout

Steady attention without excessive speculation.

BONK Guy, also known as Unipcs (@theunipcs on X), has over 227,000 followers. He became famous after turning $16K into $20M in unrealized profits on $BONK in 2023.

On October 10, 2025, he lost his entire eight-figure portfolio. A market-wide liquidation cascade wiped out $19.37 billion across crypto in 24 hours. Seven months later, he is back with the same playbook targeting $USELESS.

The Original BONK Trade That Made Him Famous

BONK Guy became a crypto legend in 2023. He held a massive $BONK position for roughly 13 months. He entered at around $16K. The position grew to $20 million in peak unrealized gains as BONK consolidated and then surged.

At its height, his exposure included an eight-figure leveraged long on Bybit. He also held around $20 million in on-chain BONK. He refused to sell through months of FUD and consolidation.

The October 10 Wipeout

On October 10, 2025, crypto markets suffered the largest liquidation event ever recorded. At 21:15 UTC, $3.21 billion in positions vanished in one minute. That happened after President Trump announced a 100% tariff on all Chinese imports.

According to CoinGecko, the event wiped out $19.37 billion in 24 hours. Amberdata published a breakdown showing how the cascade hit BTC, ETH, SOL, and memecoins. Over 1.6 million traders were liquidated.

BONK Guy lost everything. His BONK exposure, both perps and spot, was wiped alongside a seven-figure $FARTCOIN bag. He discussed the pain on X. He called it “the mother of all memecoin and crypto narratives.” Despite the loss, he vowed to rebuild.

BONK Guy’s $USELESS Comeback Trade

In early 2026, BONK Guy went heavily bullish on $USELESS. The token launched in May 2025 via LetsBONK.fun. It ran to a peak market cap of roughly $450 million. Then it crashed over 90% to around $25 million.

He saw the same setup that made his original BONK trade work. The pattern included a massive initial run, a 90%+ crash, and months of consolidation. Smart money accumulated while the market dismissed the token as dead. He called $USELESS the coin with “the best potential to pull a move similar to BONK.”

He opened a leveraged long on Lighter, a perpetual futures DEX on Ethereum L2. Lighter is backed by Robinhood. According to CrowdFund Insider, the platform processed $59 billion in volume in March 2026. BONK Guy entered his USELESS long at around $40 to $43 million market cap.

Arkham Confirms $200K in Profit

On May 13, 2026, Arkham Intelligence posted a breakdown of BONK Guy’s position. The data shows a USELESS long of 5,322,647.71 tokens. His entry price sat at approximately $0.04177. Current profit on the leveraged trade: +$195,370.

He also holds a spot bag of roughly 2.76 million $USELESS tokens. That bag was worth about $211K, up 21% on the day. His total on-chain portfolio sits at approximately $624K. That includes smaller positions in CAT, MEMECOIN, and other tokens.

In response, BONK Guy wrote: “$USELESS is headed to multi-billions GOD WILLING.” He continues posting charts and conviction updates. He compares the token’s potential to DOGE-like outcomes.

Src: Arkham (X)

A Comeback Still in Its Early Stages

The $200K profit is significant, but context matters. BONK Guy’s current portfolio of $624K is a fraction of his former $20 million peak.

The early stages mirror his original BONK trade. Back then, the unrealized gains started modest before the explosive leg up. Whether $USELESS follows the same path remains speculative.

The token has no intrinsic utility. It depends entirely on community sentiment and speculative demand. BONK Guy himself has warned that “99% of people lose money trading memecoins on leverage.”

His willingness to run the same strategy publicly is notable. He produced a 1,250x return on BONK. He lost eight figures. Now he is back with leverage on another memecoin. That makes this one of the most watched trades in the space.

What Comes Next for BONK Guy

BONK Guy plans to hold $USELESS through a multi-month consolidation. His thesis rests on the token replicating BONK’s pattern. The market dismisses it. Smart money accumulates. Then a repricing follows.

Arkham Intelligence will likely keep tracking the position. That gives the crypto community real-time visibility into his conviction play. For now, the trader who lost it all is $200K into his comeback.