- Unicorn Fart Dust (UFD) hit a $240 million market cap inside simply 48 hours of its launch.
- UFD’s inspiration stemmed from the critique of digital property for his or her intrinsic worth.
- The creator of UFD has pledged to share 20% of his earnings along with his group.
Unicorn Fart Dust (UFD), a brand new Solana-based meme coin, has taken the crypto world by storm, reaching a $240 million market cap inside simply 48 hours of its launch, though it’s but to checklist on main cryptocurrency exchanges.
The token hit a excessive of $0.26676 on MEXC earlier than barely pulling again to round $0.2 at press time.
Who created Unicorn Fart Dust (UFD)?
Created by YouTuber Ronald Branstetter, identified for his commentary on gold and silver investments, the UFD token began as a satirical critique of the speculative nature of cryptocurrency. Nevertheless, its meteoric rise has turned this playful experiment right into a cultural phenomenon.
Branstetter’s inspiration for UFD stemmed from his critique of digital property, which he as soon as described as “unicorn fart dust”—a time period he used to query their intrinsic worth.
If you wish to perceive the lore behind $UFD higher:
This video was posted by @BasementRon in January 10, 2023. He referred to as Bitcoin Unicorn Fart Dust again then. It’s because he’s a gold and silver maxi.
Quick ahead to December 17, 2024, he made a memecoin with the ticker… pic.twitter.com/qBmaaaICiv
— Tristan 💎✋ (@tristanplays16) December 19, 2024
Nevertheless, regardless of his lack of expertise in crypto growth, Branstetter’s creation has rapidly resonated with traders, reaching viral success via a mixture of social media buzz and meme tradition.
Coincidentally, the Unicorn Fart Dust (UFD) token was launched a couple of days after the “Unicorn Fart” ending transfer was launched in Name of Responsibility: Black Ops 6. Regardless of its humour, the ending transfer has confronted criticism for being over-the-top and doubtlessly disrespectful.
Branstetter famous that he solely owns 1.2% of it and isn’t anticipating to get wealthy from it. Throughout a dwell video stream, he up to date that he had bought half of his holdings after the market cap hit $23 million and that he plans to present 20% of his earnings to his group of over 45,000 subscribers.
Unicorn Fart Dust is now among the many 20 largest Solana memecoins
The token’s journey started as a humorous jab on the market’s tendency to inflate the worth of seemingly insignificant property. But, UFD has quickly climbed the ranks to change into the second most traded on-chain asset, trailing solely behind established gamers.
🚨 New: YouTuber @BasementRon, identified for his gold and silver content material, created the “Unicorn Fart Dust” ($UFD) token to mock crypto and show some extent that crypto is nugatory. In 2 days, $UFD hit a $240M market cap, changing into the 2nd most traded on-chain asset within the final 24 hours. pic.twitter.com/aqPCXQDLUi
— SolanaFloor (@SolanaFloor) December 19, 2024
UFD has additionally secured its place among the many high 20 largest Solana-based memecoin based on its market cap.
This sudden surge highlights the unpredictable nature of the crypto market, the place hypothesis and on-line developments can create huge ripples.
UFD’s rise underscores each the facility of web tradition and the speculative nature of the cryptocurrency market. Whereas some see it as a critique of frivolous investments, others view it as a testomony to the decentralized potential of blockchain expertise.
Whether or not it’s a fleeting pattern or the beginning of one thing larger, Unicorn Fart Dust has undeniably captured the creativeness of the crypto world.
What is fueling the rise of the UFD token?
Social media platforms like Twitter and Reddit have performed a pivotal position in UFD’s rise, with customers sharing memes and leaping on the bandwagon for leisure and speculative features.
Branstetter’s trustworthy and self-aware method has additionally endeared him to his viewers, with many praising his transparency.
“People are buying this thing, which just blows me away because it is nothing but unicorn fart dust,” Branstetter remarked throughout a dwell stream.
