Important points
The Unicorn Fart Dust coin reached a market cap of $240 million in just 48 hours after its launch. Despite having no experience in cryptocurrency development, Branstetter aims to explore the world of cryptocurrencies through this humorous project.
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According to data from Geckoterminal, the Solana-based meme coin, created by YouTuber Ronald Branstetter, a silver and gold maximalist, will be released within 48 hours of its launch to prove the worthlessness of such tokens. Its market value reached over $240 million.
The token, named Unicorn Fart Dust (UFD), is trading at $0.213 at the time of writing, marking a 214% rise in the past 24 hours. The project began after Branstetter heard from his wife about Fatcoin, a Solana meme coin that recently reached a market cap of $1 billion.
“Fart Meme Coin has a market cap of $500 million, which is bigger than almost any silver company I know of,” Branstetter said on Wednesday's stream when he first announced the UFD Meme Token. .
Branstetter did not clearly explain the idea behind the name. However, according to a video posted last year, the YouTuber refers to Bitcoin as “unicorn fart powder,” a term used to refer to anything worthless or insignificant. The term refers to coins and other altcoins.
Coincidentally, the Unicorn Fart Dust Token was released just days after the “Unicorn Fart” special move was revealed as part of Call of Duty: Black Ops 6. While the move is undoubtedly humorous, it has drawn criticism for going too far. Best and definitely rude nature. Branstetter mentioned this move during the broadcast.
Special move: “Unicorn fart”
Branstetter’s UFD token reached a market cap of $6,400 shortly after its launch.
“I was really surprised that people were buying this and it's just unicorn fart powder,” Branstetter said. “I only own about 1.2%, so it doesn't make me rich.”
In his second stream of the day, Branstetter updated that the market cap of the UFD token had reached $23 million. He also noted that he has pledged to sell half of his UFD holdings and distribute 20% of the profits to his community of more than 45,000 subscribers.
While support for Branstetter's UFD token is growing among members of the cryptocurrency community who value his honesty, many have warned him of the risks of fraud and misinformation. are.
“The reason it worked so well is because you're honest. It wouldn't have worked out any other way,” one viewer commented.
“Ron is just amazing. He's like a father to us,” said Yuga Labs co-founder Wiley Aronow.
In response to the surge in UFD's value, a meme coin named after Branstetter's cat, Jasper, was created. The JASPER token, which is not affiliated with UFD or Branstetter, has reached a market capitalization of $2.3 million, soaring nearly 1,500% in the past 24 hours, according to data from Gecko Terminal.
It's unclear whether Branstetter will continue working on the token, but it's been a rough road so far. He created it as a fun way to joke about how crazy the world of cryptocurrencies is, and now its market cap is in the hundreds of millions of dollars. Even he was surprised at how fast it was.
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