- Unipcs urges traders to stay hopeful as crypto fear mirrors post-FTX lows, reminding that recovery often starts in despair.
- Drawing from $BONK and $PEPE rallies, Unipcs says market comebacks begin when confidence and sentiment hit rock bottom.
- He warns that leverage destroys gains, urging traders to stay patient, survive downturns, and keep faith through volatility.
Crypto sentiment is sinking to its lowest levels, echoing the despair seen after the 2022 FTX collapse. According to Unipcs — popularly known as “Bonk Guy” — market fear and exhaustion are spreading as traders continue to “buy the dips” only to face deeper losses. He warned that current emotions resemble those dark post-FTX days when most investors believed the crypto industry had suffered “structural damage.”
Unipcs compared the ongoing cycle of pessimism to the aftermath of that crisis. Back then, many claimed crypto was “done for good.” Yet, he reminded followers how $BONK emerged shortly after that collapse and revived sentiment within the Solana ecosystem.
“Surprisingly, $BONK launched only weeks after that implosion and revived the SOL trenches,” he said. The memecoin later surged to hundreds of millions in value, proving how fast narratives can shift in crypto markets.
Unipcs emphasized that people often adopt extreme views during turbulent times. “The majority of people tend to embrace the most pessimistic of views during turbulent periods,” he said. Moreover, he acknowledged his own tendency to become overly optimistic during rallies, yet credits his survival to “maintaining optimism during the most turbulent of periods.” Hence, he believes perseverance and emotional balance separate long-term survivors from short-lived traders.
Lessons From BONK and PEPE Rallies
He emphasized how another memecoin, $PEPE, took a similar course. After a quiet start and months of cooling off, its market value skyrocketed from $800 million to $11 billion. Consequently, Unipcs used this example to remind traders that recovery often starts when confidence is at its lowest. He noted that his biggest trades came during times when “people had lost all hope.”
Besides optimism, Unipcs warned traders to avoid excessive leverage. “Leverage has been a net negative for me in this space,” he admitted. Almost all his largest losses involved leverage, while his biggest wins did not. He urged traders to “persist, survive, and be perpetually optimistic,” adding that the ongoing pain will eventually fade as markets reverse.
