A well-known millionaire meme coin trader has doubled down on his six-figure Dogecoin DOGE/USD bet, turning patience and conviction into half a million dollars in profit.

What Happened: In a detailed X post on Sept. 13, Unipcs, better known as Bonk Guy, said his Dogecoin perpetuals trade is now up over $500,000, nearly doubling his $252,000 profit disclosed just 19 hours earlier.

The position stems from a $100,000 investment placed with extreme leverage.

The trader outlined several drivers fueling the next leg higher:

DOGE’s movement style: long periods of sideways action followed by explosive rallies.

Short-term catalysts: the anticipated Dogecoin ETF launch, growing Dogecoin Asset… Read more on Benzinga