- Unicorn Fart Mud (UFD) reached a market capitalization of $240 million inside simply 48 hours of its launch.
- The inspiration for UFD got here from a critique of digital belongings for his or her intrinsic worth.
- The creator of UFD has pledged to share 20% of his income along with his group.
Unicorn Fart Mud (UFD), a brand new meme coin primarily based on Solana, has taken the crypto world by storm, reaching a market cap of $240 million inside simply 48 hours of its launch, regardless of not but being listed on main cryptocurrency exchanges.
The token hit a excessive of $0.26676 on MEXC earlier than pulling again barely to round $0.2 at press time.
Who made Unicorn Fart Mud (UFD)?
Created by YouTuber Ronald Branstetter, identified for his commentary on gold and silver investments, the UFD token started as a satirical critique of the speculative nature of cryptocurrency. Nonetheless, its meteoric rise has turned this playful experiment right into a cultural phenomenon.
Branstetter's inspiration for UFD got here from his criticism of digital belongings, which he as soon as described as “unicorn mud” – a time period he used to query their intrinsic worth.
If you wish to perceive the custom behind it $UFD higher:
This video was posted by a person @BasementRon on January 10, 2023. That's when he known as Bitcoin Unicorn Fart Mud. That's as a result of it's a gold and silver maxi.
Quick ahead to December 17, 2024, he created memecoin utilizing the ticker… pic.twitter.com/qBmaaaICiv
— Tristan 💎✋ (@tristanplays16) December 19, 2024
Nonetheless, regardless of his lack of expertise in cryptocurrency improvement, Branstetter's creation rapidly resonated with buyers and achieved viral success due to a mixture of social media and meme tradition.
Coincidentally, the Unicorn Fart Mud (UFD) token was launched a number of days after the “Unicorn Fart” ending transfer was launched in Name of Obligation: Black Ops 6. Regardless of his humor, the ultimate step confronted criticism for being excessive. innovative and probably irreverent.
Branstetter famous that he solely owns 1.2% of it and doesn't count on to get wealthy from it. Throughout the dwell video stream, he up to date that he offered half of his shares after the market cap reached $23 million and that he plans to donate 20% of his income to his group of greater than 45,000 subscribers.
Unicorn Fart Mud is now amongst Solana's prime 20 memecoins
The token's journey started as a humorous jab on the market's tendency to inflate the worth of seemingly insignificant belongings. Nonetheless, UFD rapidly climbed the rankings to turn out to be the second most traded asset on the chain, trailing solely the established gamers.
🚨 New: YouTuber @BasementRonidentified for its gold and silver content material, created the “Unicorn Fart Mud” ($UFD) token to mock crypto and show that crypto is nugatory. in 2 days $UFD reaching a market cap of $240 million and turning into the 2nd most traded asset on the chain within the final 24 hours. pic.twitter.com/aqPCXQDLUi
— SolanaFloor (@SolanaFloor) December 19, 2024
UFD additionally secured its place among the many prime 20 Solana-based memecoins by market capitalization.
This sudden surge highlights the unpredictable nature of the crypto market, the place hypothesis and on-line tendencies could cause large ripples.
The rise of UFD underscores each the ability of web tradition and the speculative nature of the cryptocurrency market. Whereas some see this as a criticism of reckless funding, others see it as proof of the decentralized potential of blockchain expertise.
Whether or not it's a fleeting pattern 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 performed a key function within the rise of UFD, with customers sharing memes and leaping on the bandwagon for enjoyable and speculative income.
Branstetter's trustworthy and assured method has additionally endeared him to his viewers, with many praising his transparency.
“Persons are shopping for this factor that simply blows my thoughts as a result of it's nothing however unicorn mud,” Branstetter famous throughout the dwell stream.
