{"id":611457,"date":"2024-12-19T10:13:07","date_gmt":"2024-12-19T10:13:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=611457"},"modified":"2024-12-19T10:13:07","modified_gmt":"2024-12-19T10:13:07","slug":"unicorn-fart-dust-ufd-trader-turns-712-into-3-95-million-in-a-day-as-the-new-meme-coin-soars","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/unicorn-fart-dust-ufd-trader-turns-712-into-3-95-million-in-a-day-as-the-new-meme-coin-soars","title":{"rendered":"Unicorn Fart Dust (UFD) Trader Turns $712 Into $3.95 Million In A Day As The New Meme Coin Soars"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A crypto trader managed to turn $712 into $3.95 million in less than a day trading a new Solana meme coin by the name of Unicorn Fart Dust (UFD).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The massive gains come after the new token&rsquo;s price surged over the last 24 hours, netting a 5,546X return for the trader. UFD&rsquo;s positive momentum continued in recent hours, with <\/span><a href=\"https:\/\/dexscreener.com\/solana\/78sbwyimvhlumzzg1bdmd6oggig8qpmgyzqcxnymxx4z\"><span style=\"font-weight: 400;\">DEX Screener data<\/span><\/a><span style=\"font-weight: 400;\"> showing the meme coin climbed more than 70% in just the last 6 hours.<\/span><span style=\"font-weight: 400;\">UFD Was Created To Try Show That Meme Coins Are Worthless<\/span><\/p>\n<p><span style=\"font-weight: 400;\">UFD&rsquo;s creator is known for supporting investments in gold and silver. He launched the project as a joke in an attempt to show that meme coins are worthless and to make fun of the crypto market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an uploaded video, the creator said that the <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/wall-street-pepe-explodes-past-30m-in-less-than-2-weeks-hottest-meme-coin-presale-of-2024\"><span style=\"font-weight: 400;\">meme coin<\/span><\/a><span style=\"font-weight: 400;\"> and broader crypto market has gotten &ldquo;out of control,&rdquo; and referenced an article that mentioned how another meme coin called Fartcoin reached a $500 million market cap to illustrate his point. To add to his argument, he said that he launched UFD to prove just how wild the crypto market is.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Imagine being a boomer&hellip;a silver and gold maxi.<\/p>\n<p>Creating a memecoin called Unicorn Fart Dust <a href=\"https:\/\/twitter.com\/search?q=%24UFD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$UFD<\/a>, uploading a video about it to Youtube to try and prove your point that Memecoins are worthless and gold is the way.<\/p>\n<p>Then watching CT max port the fart dust to a 10M+ Mcap with&hellip; <a href=\"https:\/\/t.co\/T05LUSdVGF\">pic.twitter.com\/T05LUSdVGF<\/a><\/p>\n<p>&mdash; Mr. MNTL &#128176; (@MNTLMoney) <a href=\"https:\/\/twitter.com\/MNTLMoney\/status\/1869189538935083258?ref_src=twsrc%5Etfw\">December 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">To his astonishment, UFD quickly gained traction, with its market cap briefly soaring to $23.5 million within hours. Investors have continued to buy into the new crypto ever since, with its total valuation standing at $170.4 million as of 2:52 a.m. EST.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">UFD Surges Despite Meme Coin Bloodbath<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">UFD&rsquo;s steep rise bucked the overall negative trend in the broader meme coin space. Following bearish interest rate remarks from the US Federal Reserve Chair Jerome Powell yesterday, the meme coin market cap plunged over 8%.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The majority of the top 10 largest meme coins suffered 24-hour losses. Among major meme coins by market cap, only <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/pudgy-penguins-token-pengu-sinks-more-than-50-after-launch-as-nft-prices-slide\"><span style=\"font-weight: 400;\">Pudgy Penguins<\/span><\/a><span style=\"font-weight: 400;\"> (PENGU) and Fartcoin (FARTCOIN) were able to post gains in the past day of trading.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/wall-street-pepe-explodes-past-30m-in-less-than-2-weeks-hottest-meme-coin-presale-of-2024\"><span style=\"font-weight: 400;\">Wall Street Pepe Explodes Past $30M In Less Than 2 Weeks<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/solaxy-solx-presale-races-past-2-2-million-in-only-4-days-first-ever-solana-layer-2\"><span style=\"font-weight: 400;\">Solaxy (SOLX) Presale Races Past $2.2 Million In Only 4 Days<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/hedera-price-prediction-for-today-december-18-hbar-technical-analysis\"><span style=\"font-weight: 400;\">Hedera Price Prediction for Today, December 18<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Best Wallet - Diversify Your Crypto Portfolio<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div 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   <\/div><!--\/.inContentProvider--single-->\n                            \n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">A crypto trader managed to turn $712 into $3.95 million in less than a day trading a new Solana meme coin by the name of <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1954,"featured_media":611460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[],"class_list":["post-611457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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