Unipcs’ First Memecoin Buy on LetsBONKfun: Why LetsBONK?

On April 25, 2025, at 21:36 UTC, Unipcs, also known as 'Bonk Guy' on X (@theunipcs), made waves in the crypto community by purchasing the memecoin LetsBONK on the newly launched LetsBONKfun platform. This move, shared via a tweet, marks his first investment in the platform's ecosystem, and he’s not holding back on the excitement—or the risks.

Unipcs funded his public BONKbot wallet with over 329 SOL (worth $50,136.61 at the time, as shown in a screenshot from an earlier post in the thread) to dive into what he calls the “three strongest memes” on the platform. His first pick? LetsBONK, a memecoin with the contract address CDBdbNqmrLu1PcgjrFG52yxg71QnFhBZcUE6PSFdbonk. But why did he choose this particular token?

The Reasoning Behind the Buy

Unipcs laid out his rationale clearly in his post. First, LetsBONK has been generating significant buzz—what he refers to as “chatter in the trenches.” In the crypto world, “trenches” often means the grassroots communities on platforms like X, Discord, or Telegram, where early adopters and degens (short for degenerate traders, a term for high-risk crypto investors) hype up new tokens. This mindshare, or community attention, is a key driver for memecoins, which often rely on viral momentum to gain value.

Second, LetsBONK boasts the highest trading volume among coins launched on LetsBONKfun. High trading volume can signal strong interest and liquidity, making it easier to buy and sell without massive price swings—a critical factor for memecoins that can be highly volatile.

Finally, the name LetsBONK ties directly to the platform itself, offering what Unipcs calls “free marketing.” Memecoins often thrive on branding that resonates with their ecosystem, and naming a token after the platform it’s launched on is a clever way to piggyback on the platform’s growing popularity. It’s a strategy that echoes the success of other dog-themed memecoins like Dogecoin and Shiba Inu, which leveraged cultural memes to skyrocket in popularity, as noted in a BlockApps article.

Transaction Details: A Degen Play with High Stakes

Unipcs made his purchase using BONKbot, a Telegram-based trading bot that simplifies transactions on the Solana blockchain by integrating with Jupiter, a decentralized exchange (DEX) liquidity aggregator. As detailed in a Medium guide, BONKbot allows users to paste a token address and instantly execute a trade—no wallet connection or slippage adjustments needed. It’s a tool built for speed, perfect for the fast-paced world of memecoin trading.

The receipt Unipcs shared shows he swapped 100 SOL (valued at $0.402 per token at the time) for 246,708 LetsBONK tokens, with the memecoin sitting at a $4.23M market cap during the transaction. The token’s stats are promising: a $136,724 trading volume in the last 24 hours, a $89,665 valuation for his bag, and a market cap of $3.83M at the time of the screenshot. However, his position is down 12.33%, or 12.2092 SOL, reflecting the volatility of memecoins. The token’s supply is also notable—only 0.36% of the total supply is circulating (246,211K tokens out of a possible 100M), which could mean potential for growth if demand spikes.

Unipcs is candid about the risks, calling this a “purely degen play” and warning that it “could go to zero.” This disclaimer aligns with the speculative nature of memecoins, which often lack fundamental value and rely on community hype, as seen with Bonk, a Solana-based memecoin that surged 34% in 48 hours after its December 2022 launch, according to CoinMarketCap.

The Broader Context: Memecoins and the Solana Ecosystem

This purchase is part of a larger thread where Unipcs first asked his followers for memecoin suggestions on LetsBONKfun, a new launchpad for meme tokens on Solana. In a reply to his initial post, a user suggested CAPY, another low market cap Solana gem, while another thread compared LetsBONKfun’s tokenomics to a competing platform, Rake, highlighting the competitive landscape of memecoin launchpads.

Memecoins like LetsBONK follow in the footsteps of Bonk, which was the first dog-themed coin on Solana, airdropping 50% of its supply to the community and generating $20M in trading volume, per CoinMarketCap. The Solana ecosystem is known for its low transaction fees and high speed, making it a hotspot for memecoin trading—a trend Unipcs is clearly capitalizing on.

Community Reactions and What’s Next

The tweet sparked a flurry of responses. Some users, like @ngmingmingmi, criticized Unipcs’ disclaimers, urging him to “be a man” and fully commit to pumping the coin, while sharing whale activity showing LetsBONK reaching market caps of $40K to $56K. Others, like @sibeleth, celebrated early gains, noting a 140% increase after buying in. Meanwhile, users pitched alternative memecoins like CHEEMS (named after Bonk’s dog) and POCHITA, hoping to catch Unipcs’ eye for his next buy.

Unipcs’ transparency—sharing his wallet activity and reasoning—has fueled excitement around LetsBONKfun’s launch. Whether LetsBONK will follow the trajectory of memecoin giants like Dogecoin, which gained mainstream traction through cultural moments like its 2014 NASCAR sponsorship (Wikipedia), remains to be seen. For now, Unipcs is riding the wave of memecoin mania, and his followers are along for the ride.