- Unicorn Fart Mud (UFD) reached a market capitalization of $240 million in simply 48 hours after its launch.
- The inspiration for UFD got here from the criticism of digital belongings for his or her intrinsic worth.
- The creator of the UFD has dedicated to sharing 20% of its earnings with its group.
Unicorn Fart Mud (UFD), a brand new Solana-based coin, has taken the crypto world by storm, reaching a market cap of $240 million in simply 48 hours after its launch, regardless of not being not but listed on main cryptocurrency exchanges.
The token reached a excessive of $0.26676 on MEXC earlier than edging again to round $0.2 at press time.
Who created Unicorn Fart Mud (UFD)?
Created by YouTuber Ronald Branstetter, recognized for his commentary on gold and silver investments, the UFD token started as a satirical critique of the speculative nature of cryptocurrency. However its meteoric rise has made this playful expertise a cultural phenomenon.
Branstetter's inspiration for the UFD got here from his criticism of digital belongings, which he as soon as described as “unicorn fart mud”, a time period he used to query their intrinsic worth .
If you wish to perceive the story behind $UFD higher:
This video was posted by @BasementRon on January 10, 2023. He then referred to as Bitcoin Unicorn Fart Mud. It is because it’s a gold and silver maxi.
Quick ahead to December 17, 2024, he created a memecoin with the ticker… pic.twitter.com/qBmaaaICiv
-Tristan 💎✋ (@tristanplays16) December 19, 2024
Nonetheless, regardless of his lack of expertise growing cryptocurrencies, Branstetter's creation rapidly resonated with buyers, attaining viral success due to a mixture of social media buzz and meme tradition.
Coincidentally, the Unicorn Fart Mud (UFD) token was launched a number of days after the introduction of the “Unicorn Fart” ultimate transfer in Name of Obligation: Black Ops 6. Regardless of its humor, the ultimate transfer was criticized for being extreme. excessive and doubtlessly disrespectful.
Branstetter famous that he owns just one.2% and doesn't count on to get wealthy. Throughout a stay video broadcast, he knowledgeable that he had bought half of his holdings after the market capitalization reached $23 million and that he deliberate to donate 20% of his earnings to his group over of 45,000 subscribers.
Unicorn Fart Mud is now within the high 20 Solana memecoins
The token's journey started as a humorous assault available on the market's tendency to inflate the worth of seemingly insignificant belongings. But, UFD rapidly rose by means of the ranks to turn out to be the second most traded on-chain asset, behind established gamers.
🚨 New: YouTuber @BasementRonrecognized for its gold and silver content material, created the token “Unicorn Fart Mud” ($UFD) to mock crypto and show that crypto is nugatory. In 2 days, $UFD reached a market capitalization of $240 million, turning into the second most traded on-chain asset within the final 24 hours. pic.twitter.com/aqPCXQDLUi
– SolanaFloor (@SolanaFloor) December 19, 2024
UFD additionally secured its place among the many high 20 largest Solana-based memecoins based mostly on its market capitalization.
This surprising surge highlights the unpredictable nature of the crypto market, the place hypothesis and on-line tendencies can create big ripples.
The rise of UFD highlights each the facility of web tradition and the speculative nature of the cryptocurrency market. Whereas some see this as a criticism of frivolous investments, others see it as a testomony to the decentralized potential of blockchain know-how.
Whether or not a passing development or the beginning of one thing greater, Unicorn Fart Mud has undeniably captured the creativeness of the crypto world.
What’s fueling the rise of the UFD token?
Social media platforms like Twitter and Reddit have performed a central function within the rise of UFD, with customers sharing memes and leaping on the bandwagon for leisure and speculative features.
Branstetter's trustworthy, self-aware method additionally endeared him to his audiences, with many praising his transparency.
“Individuals are shopping for these items, which blows my thoughts as a result of it’s nothing however unicorn fart mud,” Branstetter remarked throughout a stay stream.
