The Meme market under cold market conditions: UFD skyrocketing all the way, DAIGE buffs stacked up.

CN
2 months ago

Last night, during the latest Federal Reserve meeting, it was announced that the benchmark policy interest rate was lowered by 25 basis points, to 4.25% to 4.5%. Although this outcome met market expectations, the hawkish wording in the statement and adjustments to economic forecasts had a noticeable negative impact on market sentiment.

Today's cryptocurrency market opened in a bleak state, with significant price declines across major mainstream coins and altcoins. Bitcoin fell below $100,000 on the morning of the 19th, while Ethereum dropped from $3,906 to a low of $3,543. According to Coinglass data, the total liquidation across the network in the past 24 hours reached $843 million, with $743 million in long positions and $100 million in short positions liquidated.

However, amidst the overall market downturn, AI concept coins represented by ARC and "Fartcoin" concept coins represented by UFD stood out. They not only remained unaffected by the cold market environment but also surged strongly, frequently hitting new highs, becoming the two standout performers of the day.

Despite the cold market sentiment today, influenced by the high trading volumes of tokens like Fat Penguin, UFD, and FARTCOIN, the 24-hour trading volume on the Solana chain saw a significant increase compared to previous days, with the overall market trading volume still maintaining a high level.

AI Concept

ARC

ARC is a platform driven by the Rust framework (known as RIG) for the development of AI agents, serving as a tool for the AI field, suitable for AI applications that require high optimization and performance. In the early hours of the 19th, the ARC project team revealed the following on Twitter Space:

  1. ARC is built using Solana's "native language" Rust to create an open-source AI agent framework, with accessible development language and future close collaboration with Solana.

  2. It has over 1,000 stars on GitHub and is still increasing.

  3. ARC has created an agent launchpad and tied the Arc token to the LP of each agent, facilitating the integration of ARC tokens into the reward mechanism economic model. Therefore, ARC is also referred to as Virtual on Solana.

This indicates that ARC is a technically strong team that continuously innovates and seeks cooperation and development.

In the early hours of the 19th, ARC's market capitalization began to rise and maintained a strong growth momentum. Meanwhile, following the Federal Reserve's announcement of a 25 basis point cut in the benchmark policy interest rate, the hawkish wording and adjustments to economic forecasts negatively impacted market sentiment, leading to significant declines in the prices of Bitcoin, Ethereum, Solana, and altcoins. Despite the overall market downturn, ARC steadily broke through its previous high to reach a market cap of $244.6M, maintaining strong growth momentum and performing exceptionally well.

As a token that has maintained the highest trading volume in the AI Agent field for several consecutive days, backed by strong technology, ARC is viewed positively by many investors for its future development potential and is expected to lead a new generation of AI Agent trends.

Highest Market Cap: $244.6M

Current Market Cap: $210.7M

24h Trading Volume: $49.2M

Highest Profit from Purchase at 12 AM (GMT+8) Today: 21.69%; Current Profit: 4.83%

Meme Market in a Cold Trend: UFD Soars, DAIGE Buff Stacked

DAIGE

DAIGE is a perceptive AI dog and the cyberpunk brother of Doge, dreaming of being adopted by Elon and colonizing Mars. DAIGE is an AI product developed based on the Eliza framework, with the founding team having over 7 years of experience in AI and Web3, previously launching products in fields like Optimism, Filecoin, and NATO. The high-profile combination of AI + DOGE + Musk's Mars concept, along with an excellent founding team, has led to DAIGE's buff stacking. Within 4 hours of its token launch, it rapidly surged to $15M, followed by a slight pullback, with its market cap fluctuating around $6M.

Meme Market in a Cold Trend: UFD Soars, DAIGE Buff Stacked

Highest Market Cap: $15M

Current Market Cap: $6.1M

24h Trading Volume: $30.2M

Highest Profit from Purchase at 12 AM (GMT+8) Today: 24.36%; Current Profit: -21.79%

Meme Market in a Cold Trend: UFD Soars, DAIGE Buff Stacked

APPLE

APPLE (dog with apple in mouth) belongs to a viral concept on TikTok. a16z co-founder Marc Andreessen once retweeted a creative video related to APPLE. The Apple Dog leveraged TikTok's massive influence to achieve viral spread, greatly enhancing the popularity of the meme token. In the early hours of the 19th, Adidas released a 5-second Apple Dog video on TikTok, driving a rapid price surge for APPLE and sparking a wave of cute Apple Dog videos created by AI.

Meme Market in a Cold Trend: UFD Soars, DAIGE Buff Stacked

Highest Market Cap: $78.9M

Current Market Cap: $38.6M

24h Trading Volume: $23.8M

Highest Profit from Purchase at 12 AM (GMT+8) Today: 6.43%; Current Profit: -8.1%

Meme Market in a Cold Trend: UFD Soars, DAIGE Buff Stacked

"Fartcoin" Concept

On the evening of December 18th at 8 PM, Binance announced the second batch of Binance Alpha list, which included the recently popular Fartcoin. Once the list was announced, UFD, related to the Fartcoin concept, surged by as much as 210.76% within 4 hours. In the newly launched imitation, FB (Fart Bird) reached a peak of $7.87M within two hours, demonstrating strong growth momentum.

UFD

UFD, short for Unicorn Fart Dust, was created by a baby boomer and is seen by netizens as a "senior's fun." Upon its release, the token quickly surged to around $30M. After the announcement of the second batch of Binance Alpha list on the evening of December 18th, UFD rapidly rose to nearly $100M, and then gradually broke through to around $150M today, still maintaining significant upward momentum.

Highest Market Cap: $159.1M

Current Market Cap: $144.7M

24h Trading Volume: $120.5M

Highest Profit from Purchase at 12 AM (GMT+8) Today: 70.16%; Current Profit: 54.76%

Meme Market in a Cold Trend: UFD Soars, DAIGE Buff Stacked

FB

FB, FartBird, has a narrative similar to UFD. The issuer is 63 years old and uses the "senior launching new coins" angle to attract attention, while also promoting the token with the coincidence of its name being the same abbreviation as FaceBook "FB." Upon its release, the token's market cap quickly surged, reaching $7.87M within two hours, but later began to decline, currently fluctuating around $2M.

Meme Market in a Cold Trend: UFD Soars, DAIGE Buff Stacked

Highest Market Cap: $7.87M

Current Market Cap: $2.9M

24h Trading Volume: $24.4M

Highest Profit from Purchase at 1 PM (GMT+8) Today (after opening): 1024.29%; Current Profit: 314.29%

Meme Market in a Cold Trend: UFD Soars, DAIGE Buff Stacked

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