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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC 15-minute surge up 0.93%: Spot buy orders surge, driving the short-term upside
From 2026-04-14 13:30 to 2026-04-14 13:45 (UTC), the BTC price return reached +0.93%, with a fluctuation range of 74500.7 - 75239.2 USDT and an amplitude of 0.99%. During this period, market attention warmed up rapidly; on-chain and spot market trading activity increased significantly, and volatility further escalated.
The main driving force behind this unusual move was a short-term surge in buy orders in the spot market. On-chain monitoring data shows that both the number of active addresses and the number of transactions reached about 420,690; short-term capital continued to flow in, directly
GateNews18m ago
ETH 15-minute rise of 0.66%: On-chain activity surges and capital flows move in sync, pushing the market higher
2026-04-14 13:30 to 13:45 (UTC), ETH achieved a return rate of +0.66% within 15 minutes, with candlestick price ranges from 2373.72 to 2395.56 USDT, and an amplitude of 0.92%. During this period, market attention rose rapidly, showing characteristics such as increased user participation and amplified volatility. Signs related to active trading, on-chain fund flows, and technical upgrades sparked a surge in high-frequency monitoring and trading activity.
The main drivers of this price movement are the significant rise in on-chain user activity and fund flows. During this period, the number of active addresses on the ETH network
GateNews19m ago
Bitmine advances to the NYSE Main Board! Tom Lee: U.S. stocks may have bottomed out, and selling pressure on Ethereum could ease
Bitmine has officially transferred from the NYSE American board to the main board in the United States, marking an important milestone for the company. Despite a sharp drop in its stock price, it has still increased the share repurchase plan amount to $4 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help improve its assets and stock price performance.
CryptoCity1h ago
Bitcoin is nearing $75,000, and ETF fund net inflows reached $1.1 billion, setting a new intra-year high.
Gate News message. On April 14, the price of Bitcoin has recently neared $75,000. Since February 28, Bitcoin has risen cumulatively by about 13%. Options market data show that the 25-Delta Skew has rebounded from -10% to -4.5%. Last week, CoinShares data showed that net inflows into crypto investment products totaled $1.1 billion, the best weekly performance so far this year. Among them, U.S. spot Bitcoin ETFs recorded net inflows of $786 million.
GateNews3h ago
$1B Bitcoin Bet: Strategy Adds 13,927 BTC Amid Market Uncertainty
_Strategy adds 13,927 BTC for $1B, reinforcing long-term accumulation strategy_
_Total holdings reach 780,897 BTC with average acquisition price near $75,577_
_Firm posts 5.6% YTD Bitcoin yield while maintaining steady buying pace_
Strategy expanded its Bitcoin holdings with a $1 billion p
LiveBTCNews4h ago
Bitmine advances to the NYSE main board! Tom Lee: U.S. stocks may have hit bottom, and selling pressure on Ether could ease
Bitmine has officially moved from the U.S. segment of the New York Stock Exchange to the main board, marking an important milestone for the company. Although its share price has fallen sharply, it has still increased the share repurchase plan limit to $4 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help improve its assets and share price performance.
CryptoCity4h ago
