CryptoQuant: Bitcoin Needs to Break Through $81,700 to Confirm a New Bull Market

Renowned trader Bonk Guy (@theunipcs) has issued a post addressing the controversy sparked after he purchased EMBER. The dispute centers on a Bubblemaps cluster chart that has circulated widely in the market: some users interpreted the chart as showing over 50% of EMBER’s supply linked to the same address cluster, while others implied the cluster was connected to Bonk Guy, prompting questions about his motives for buying EMBER. In response, Bonk Guy explained that EMBER has no internal bundles or clusters controlling more than 50% of its supply. The address links in the chart stem from EMBER’s flywheel mechanism, which uses an externally owned account (EOA) to distribute tokens instead of executing via a smart contract. Since this EOA transfers tokens to multiple user wallets participating in the mechanism, Bubblemaps grouped the distribution wallet and all recipient addresses into the same associated network. He noted that the flywheel mechanism is one of EMBER’s core features setting it apart from other token launch platforms, adding that the addresses receiving tokens in the chart belong to regular users, not insiders. Bubblemaps also advised the project team to replace this EOA with a smart contract. Bonk Guy said he hopes EMBER’s developers will adopt this suggestion, and once again denied any connection between himself and the so-called internal cluster.

Renowned trader Bonk Guy (@theunipcs) published a post explaining his reasons for buying EMBER. He noted he first noticed the project when EMBER’s market cap was around $3 million, but after observing its rapid platform data growth for a day, he began accumulating it consistently in the $7 million to $20 million market cap range. He believes EMBER’s technology, early-stage data, and growth potential have not yet been fully priced in by the market. Addressing recent controversies, Bonk Guy stated that claims that "over 50% of the supply is linked to the same Bubblemaps cluster" are untrue and have already been clarified by Bubblemaps. He also admitted that his earlier description of EMBER as "launched by Meteora" was incorrect; he meant that EMBER uses Meteora’s dynamic bonding curve technology and is a leading token launch platform within its ecosystem. Currently, Meteora has listed and featured EMBER on its ecosystem page. On the product side, Bonk Guy said EMBER supports pairing new tokens with SOL, USDC, and over 150 tokenized stocks; users can allocate token taxes to holders, a burn mechanism, SuperLotto, or the project team. The platform also offers daily prize pools and DAO functionality, allowing token holders to vote on adjusting the allocation between buyback burns and rewards. In terms of data, EMBER has generated $51.7 million in trading volume and $561,000 in fees over its first three days, with a total of 2,041 tokens launched, over 41,800 unique holders, and more than 149,000 transactions on the Solana blockchain. He opined that Solana does not only have room for one successful token launch platform, and EMBER could emerge as a new non-consensus trading opportunity. Bonk Guy also emphasized that he has no affiliation with the project team, cannot control developer actions, and this position is purely a personal trade and does not constitute investment advice.

According to GMGN data, the meme coin LAPTOP FDV, issued by U.S. President Biden’s son, briefly dipped below $300 million and is currently trading at $310 million. The token has plummeted more than 25% over the past 24 hours, and has fallen over 99.9% from its all-time high of $314 billion. BlockBeats reminds users that most meme coins lack practical use cases, are subject to extreme price volatility, and thus require caution when investing.

According to Lookonchain monitoring, whale address BS3YsB spent 4.4 million USDC yesterday to purchase 15.06 million STONK at an average price of $0.295.

According to on-chain analyst Yu Jin’s monitoring, trader Point Farm Capital (@pointfarmcap) has generated an unrealized profit of $10 million from STONK. The trader invested a total of 1 million USDC to purchase 37.21 million STONK at an average market cap of approximately $21 million. As STONK’s market cap has risen to $240 million, the position’s return has reached roughly 10x.

US former President Joe Biden’s son Hunter Biden announced that the first round of the LAPTOP token airdrop allocated 8% of its total supply to subscribers of his newsletter, rather than wallets created solely to obtain the airdrop. Of the 80 million LAPTOP tokens airdropped, 79 million remain unclaimed. The claim window will close on October 9, after which all unclaimed tokens will be burned.