Bonk

I'm bearish on all launchpad platforms. I view them as the equivalent of Kickstarter where most product launches (memes in this case) do not fare well with success achieved by the selected few.

I was down up to 30% on my short position on $BONK but I am going to hold the position with strong conviction. While the revenue and metrics from Bonk portrays a beautiful picture of daily revenue more than $1M each day, traffic analysis on the website indicates that a measly 100K in monthly traffic.

Pump receives at least a 1M in monthly traffic so one wonder who are the actual users of Bonk. Are the users from China or some country where web traffic analytics are not able to capture their visits or is there more to it that meets the eye?

Only time will tell.