What is the logic behind the explosion of UFD with a market value of US$200 million in 2 days?

Meme coins on the Solana chain always bring surprises. The most unexpected new coin that has exploded in the past few days is UFD. After its release on the morning of the 18th, its market value rose to almost US$300 million in just one and a half days. , becoming one of the biggest hot spots for meme coins on the Solana chain.

But when it comes to why UFD tokens are so popular, most investors find it difficult to understand its logic. There is neither project endorsement nor celebrity support behind it, nor a strong community. It is just one person. A cryptocurrency social experiment conducted by a white-haired old man out of speculation or ridicule. So why did it become a phenomenon-level myth of getting rich in two days?

Clinging to the popularity of Fartcoin, the satirical culture that is easy

to spread

The name of Fartcoin comes from the terminal of truth. The initial task was to write Fart Jokes. Fart Jokes have a great out-of-the-circle effect. Elon Musk once said that he likes Fart Jokes. Tesla even built in fart sound effects in the software. As a top AI meme, Fartcoin ranks among the top in terms of long- term trading volume, with active on-chain transactions and endless imitations.

The narrative of UFD perfectly combines the popularity of Fartcoin and adds irony. A 54-year-old YouTuber and precious metals investor with a silver and gold investment channel decided to create his own meme coin, Unicorn Fart Dust, as a social contribution to cryptocurrency after seeing Fartcoin’s market capitalization reach $500 million. Experiment to verify whether cryptocurrencies are valuable assets. Some netizens speculated that Unicorn was chosen because Musk had previously painted a "farting rainbow unicorn" for Tesla.

At first the YouTuber decided to mock crypto tokens because in his opinion, except for gold and silver, they are not really valuable assets, so he released this so-called Unicorn Fart Dust. meme coin, I want to see how much it is worth.

For memes, the key is to be able to touch people's hearts and resonate with them. Whether it is memes with their own sense of humor and irony such as "Shit" and "Fart", or classic images such as cats, dogs, and frogs that carry emotional memories, to the play on absurd logic and the ridicule of dissatisfaction with reality, Or conveying the desire for fairness and transparency through anti-rug gestures. These down-to-earth and resonant concepts are often easier to spread and have more vitality.

For example, on November 20th, a little boy of about ten years old made a profit of about 2 after issuing coins and selling them during the live broadcast. At the same time, he made an internationally accepted taunting gesture during the live broadcast to satirize other currency holders who were "cut off" by him. Stories of contrasting and black humor such as "Kid Brother" and "Runaway" continue to spread. The community sentiment continued to brew, and they finally decided to use lapan to teach the "child brother" how to be a good person. As a result, the token rose all the way, and the highest market value even exceeded 100 million.

Similarly, as an "old man coin" with a sense of ridicule, UFD's exit and spread point is irony. The more ridiculed and disdainful it is, the more joyful it is when the moment of "slap in the face" comes, especially in a place like cryptocurrency where pulling miracles happen every day, memes that can drive emotions are more likely to capture the market's attention. The more they didn’t believe it, the more they wanted to pull the market, so UFD stood out in the first wave of pvp after the market opened.

After that, as Fartcoin was selected into the second batch of Binance Alpha list on the evening of the 18th, UFD ushered in another strong rise, and its market value directly exceeded the US$100 million mark. This news undoubtedly injected a shot in the arm into the market, not only boosting the confidence of existing currency holders but also attracting the attention of more new players.

More and more investors who had previously held a wait-and-see attitude towards UFD, or even thought its concept was “incomprehensible”, are beginning to re-examine the potential of this project. They deeply study the pulling logic and market strategies behind UFD, hoping to seize the opportunity in the next possible take-off wave. For a time, the discussion about UFD on social platforms and investment communities was unprecedentedly heated. The popularity of UFD expanded from the original players in the circle to a wider market, creating favorable conditions for its further breakthroughs.

Second creation, second creation, second creation

On the third day of the UFD fire, publisher Ron posted his artwork "Bitcoin Bubble Gum Machine" on eBay, claiming that all proceeds would be donated to Susie's Christmas gifts. Ron's behavior may be to attract more attention through "charitable donations" and traffic on the eBay platform to maintain popularity.

UFD has risen to a current market capitalization of US$200 million, but there is still no official TG or Discord. The publisher Ron only posted his own live video on his personal Twitter, in which he expressed his surprise, shock, and excitement that UFD continues to break new highs. Growing interest in cryptocurrencies. Ron's original intention of releasing UFD was just for satire. He himself did not expect that UFD would generate such great popularity, so he did not spend any energy on the second creation of UFD.

However, investors in the currency circle who are familiar with meme gameplay and ecology, relying on their keen sense of pop culture and creativity, have already set off a wave of secondary creations with the theme of "Rainbow Fart Unicorn" on social platforms.

Many people intercepted Ron's live video clips on Twitter and YouTube, and used AI to generate interactions between him and the rainbow fart unicorn, as well as various rainbow fart unicorn videos, animations, emoticons, etc. They Continue to promote on social media, show confidence and expectations for UFD, demonstrate the creativity and enthusiasm of the community, and form a consensus of confidence. The community combines the image of the rainbow fart unicorn with the connotation of UFD and the current popular AI, which is more in line with hot spots and trends, promotes UFD to go further out of the circle, and allows more people to understand and participate in UFD transactions.

The rising number of secondary innovations continues to inject new impetus into UFD. These creative works not only bring more vitality to the community, but also attract more followers inside and outside the circle, making more and more people aware of UFD's unique charm and development potential. During this process, some netizens discovered that Murad, known as the "Father of Meme" in the English circle, followed Ron, the founder of UFD.

This move is undoubtedly a recognition of the value of Ron and UFD, and is also interpreted by the community as an "endorsement", which greatly motivates community members. They are more actively involved in secondary creation, promoting on social media, and exploring more possibilities to break the circle, striving to further expand their influence while maintaining existing popularity.

Are old-school mainstream investors paying the price?

Before digital currencies were recognized by mainstream investors, most traders mainly invested in stocks, bonds, precious metals, futures, options, foreign exchange, etc. Precious metal investments were mainly gold and silver. As the saying goes, "Buy antiques in prosperous times, buy gold in troubled times." ”, “When a gun goes off, there is a thousand taels of gold.” Gold and silver investment has always been favored by investors around the world and has become the most trusted and favorite asset of established investors.

With the passage of cryptocurrency ETFs and the inclusion of Bitcoin in the strategic reserves of many countries, cryptocurrency has gradually been recognized by mainstream investors. Recently, more and more traditional traders have begun to pay attention to digital currencies and trade meme coins. This phenomenon It shows that old-school mainstream investors are gradually understanding, recognizing and embracing cryptocurrencies, which symbolizes the further breakthrough of cryptocurrencies.

For example, a few days ago, a 35-year traditional veteran trader turned into a cryptocurrency market analyst. This narrative created a little golden dog PTARDIO who could speed through 2M in 2 hours. This, in turn, also shows that the narrative itself of investors in traditional fields getting involved in the cryptocurrency field can become an "angle" to boost prices, and the market is willing to pay for it.

Similarly, the issuer of UFD has been investing in precious metals such as gold and silver for many years. The unexpected rise in UFD within two days has brought about a huge wealth effect, which truly allows people who make traditional investments such as precious metals to see the huge potential of cryptocurrency. potential. This attempt to issue a currency is an attempt to open up new opportunities for elderly and traditional investors. It attracts more elderly and old-school investors to contact and participate in it, opens up greater possibilities for cryptocurrency, and demonstrates the inclusivity of the crypto market. and potential.

Generally speaking, the market environment has been cold recently and there is a lack of new concepts and new ways of playing. Against this background, "Old Toucoin" with its satirical culture quickly captured the market's attention and successfully aroused investors' emotions with its unique sense of humor and contrast. Coupled with the recent high popularity of "Fartcoin" and the combined effect of multiple factors such as spontaneous secondary creation in the community, UFD created the myth of a rapid surge in market value in just two days and became one of the recent phenomenon-level tokens.

In the future, can UFD obtain more direct celebrity endorsement, develop new narratives and gameplay, or form a strong CTO community, be more widely disseminated, and continue the myth of high market value? Will this unicorn bring bigger surprises and continue to exceed the upper limit of market capitalization, or will it go silent after the craze subsides? Let's wait and see.