Millionaire Trader Shares Playbook He Used To Print 8-Figure Profits On D.O.G.E, Bonk

Influential millionaire trader Unipcs has shared strategies for building conviction and navigating extreme volatility in meme coin trades.

What Happened: Recapping an interview with crypto exchange Bybit on Jan. 7, Unipcs emphasized that meme coins rarely rise in a linear fashion; instead, they experience cyclical patterns of sharp pumps and deep corrections.

Success in this space requires emotional resilience and a clear, disciplined strategy, the trader shared.

To thrive in meme coin trading, Unipcs suggests developing a thesis rooted in three foundational elements:

• A compelling narrative: The story behind the coin attracts attention and drives speculative momentum.
• A passionate community: A dedicated and active following ensures sustained interest and resilience during downturns.
• Good liquidity: Accessible trading platforms foster demand and contribute to market stability.

Conviction, Unipcs argues, comes from deeply understanding and believing in this thesis.

Emotional discipline and the ability to block out short-term “noise” are crucial for navigating volatility and capitalizing on long-term potential.

Also Read: Dogecoin, Shiba Inu Redefine Meme Coin Phenomenon That ‘Extends Beyond Mere Speculation’: Report

Why It Matters: Unipcs cited his personal experiences with Bonk BONK/USD and the Department Of Government Efficiency (D.O.G.E) meme coin.

• BONK: He endured an 80% drawdown, losing over $10 million at one point. By adhering to his thesis, he avoided panic selling and ultimately emerged profitably.
• D.O.G.E: Leveraging Elon Musk's memetic influence and media attention, Unipcs identified and doubled down on the coin's narrative, even amid intense volatility and FUD (fear, uncertainty, and doubt). His conviction paid off, resulting in a 5,000% rally. He also went ahead and purchased some dips (80% correction in six weeks) holding on to the meme coin.

He was also successful in handling FUD and drawdowns surrounding D.O.G.E.

A fabricated document suggesting a rival acronym for the Department of Government Efficiency caused panic selling, but the author maintained their position.

By focusing on the thesis and Elon’s consistent meme-ing of “DOGE,” they avoided losses and stayed the course.

Dogecoin DOGE/USD achieved an $88 billion valuation during the last cycle, while Shiba Inu SHIB/USD exceeded $43 billion, largely driven by Musk's social media influence and meme-centric promotion.

Read Next:

• Mark Cuban Criticizes Meme Coins as a ‘Hustle’ and Money Gamble: ‘Like a Game of Musical Chairs With Money’

Image created using artificial intelligence with Midjourney.