Crypto KOL "Bonk Guy" with a $20 million unrealized loss announces transfer of all USELASS holdings to CEX

PANews March 5 News, according to Arkham monitoring, the previously unrealized loss of $20 million by crypto KOL “Bonk Guy” has been announced to transfer all his USELASS holdings to a centralized exchange. Meanwhile, he took a 2x leveraged long position on USELASS worth $230,600 on the Lighter platform, with an initial market value of about $43.4 million. Currently, this trade has a floating profit of $16,000. Arkham joked, should we now call him “USELESS Guy”?

Additionally, according to Bonk Guy’s post, he stated that his reasons for transferring include: publicly holding positions unrelated to the project’s success or failure, as the market has proven his holdings have no real impact on the price; publicly holding assets is more harmful than beneficial to himself and the project, and to avoid being focused on if tokens rise back to high levels in the future; storing eight-figure assets in a TG bot wallet poses security risks, as hacker intrusions could cause bigger problems. He emphasized that transferring tokens is unrelated to the price and that he will still hold USELESS tokens until reaching or exceeding historical highs.