Meme coins on the Solana chain always bring surprises, and the most unexpected new token to explode in recent days is UFD. After its release on the morning of the 18th, its market capitalization surged to nearly $300 million in just a day and a half, making it one of the biggest highlights among meme coins on the Solana chain.

However, when it comes to why the UFD token is so popular, most investors find it hard to understand its rally logic. There is no backing from a project team, no celebrity endorsements, and it lacks a strong community; it is merely a social experiment in cryptocurrency conducted by a white-haired elderly man, either out of speculation or mockery. So why did it become a phenomenon of wealth creation in just two days?

Grasping the Heat of Fartcoin, Easy to Spread Satirical Culture

The name Fartcoin comes from the terminal of truth, and its initial task was to write Fart Jokes, which have a strong viral effect. Elon Musk has expressed his liking for Fart Jokes, and Tesla even integrated fart sound effects into its software. As a top AI meme, Fartcoin has consistently ranked high in trading volume, with active on-chain transactions and numerous imitation coins emerging.

The narrative of UFD perfectly combines the heat of Fartcoin while adding a layer of satire. A 54-year-old YouTuber and precious metals investor, who runs a channel focused on silver and gold investments, decided to create his own meme coin, Unicorn Fart Dust, after seeing Fartcoin's market cap reach $500 million. This was intended as a social experiment to verify whether cryptocurrency is a valuable asset. The choice of "Unicorn" is speculated by some netizens to be inspired by a rainbow unicorn that Musk previously drew for Tesla.

Initially, this YouTuber aimed to mock cryptocurrency tokens because, in his view, apart from gold and silver, nothing else is a truly valuable asset. Thus, he launched this so-called Unicorn Fart Dust meme coin to see what it was really worth.

For memes, the key lies in their ability to resonate and evoke emotions. Whether it’s humorous and satirical phrases like "Shit" or "Fart," classic images like cats, dogs, and frogs that carry emotional memories, or playful takes on absurd logic and dissatisfaction with reality, or even the desire for fairness and transparency conveyed through anti-rug gestures, these relatable and resonant concepts tend to spread more easily and have more vitality.

For example, on November 20, a ten-year-old boy, known as "Runaway Kid," made about $20,000 by launching and selling a coin during a live stream, while also making an internationally recognized mocking gesture to ridicule other holders he "cut." The contrasting and darkly humorous story of "Kid" and "Runaway" spread continuously, and community sentiment brewed, ultimately deciding to teach "Kid" a lesson through a rally, causing the token to soar, with its market cap even exceeding $10 million.

Similarly, as a satirical "old man coin," UFD's breakout point and spread point is its satire. The more mocking and disdainful it is, the more humorous the "slap in the face" moment becomes, especially in the cryptocurrency space where miracles of price surges can happen daily. Memes that can stir emotions are more likely to capture market attention; the less one believes, the more they want to rally, which is why UFD stood out in the first wave of trading after its launch.

Later, with Fartcoin being selected for the second batch of Binance Alpha on the evening of the 18th, UFD experienced another wave of strong growth, directly breaking the $100 million market cap barrier. This news undoubtedly injected a shot of adrenaline into the market, boosting the confidence of existing holders and attracting more new players' attention.

More and more investors who were previously cautious about UFD or even found its concept "inexplicable" began to reassess the project's potential. They delved into the rally logic and market strategies behind UFD, hoping to seize the opportunity in the next possible wave of growth. Discussions about UFD on social platforms and investment communities became unprecedentedly heated, expanding UFD's popularity from the original circle of players to a broader market, creating favorable conditions for further breakthroughs.

Secondary Creation, Secondary Creation, Still Secondary Creation

On the third day of UFD's explosive growth, the issuer Ron listed his artwork "Bitcoin Gumball Machine" on eBay, claiming that all proceeds would be donated to Susie's Christmas gift. Ron's action may have been an attempt to attract more attention through "charitable donations" and the eBay platform to maintain the hype.

UFD's market cap has risen to $200 million, yet there is still no official Telegram or Discord, and Ron's personal Twitter only features his live stream videos, where he expresses surprise, shock, and growing interest in UFD's continuous new highs. Ron's initial intention in issuing UFD was merely to mock, and he did not anticipate such a significant level of interest, so he did not invest effort into promoting UFD's secondary creations.

However, investors familiar with meme culture and ecology have already sparked a wave of secondary creations themed around "Rainbow Fart Unicorn" on social platforms, leveraging their keen sense of popular culture and creativity.

Many people have clipped segments from Ron's live streams on Twitter and YouTube, using AI to generate interactions between him and the Rainbow Fart Unicorn, along with various videos, GIFs, and emojis of the Rainbow Fart Unicorn. They continuously promote UFD on social media, showcasing their confidence and expectations, and demonstrating the community's creativity and enthusiasm, forming a consensus of confidence. The community has combined the image of the Rainbow Fart Unicorn with the essence of UFD and the current trend of AI, making it more aligned with hot topics and trends, further pushing UFD to break out and allowing more people to learn about and participate in UFD trading.

The ongoing rise of secondary creations continuously injects new energy into UFD. These creative works not only bring more vitality to the community but also attract more followers from both inside and outside the circle, making more people aware of UFD's unique charm and development potential. During this process, some netizens discovered that Murad, known as the "father of memes" in the English-speaking world, has been following UFD's founder Ron.

This action undoubtedly recognizes Ron and UFD's value and is interpreted by the community as a form of "endorsement," greatly motivating community members. They became more actively involved in secondary creations, promoting and exploring more possibilities for breaking out, striving to maintain the current hype while further expanding their influence.

Are Old-School Mainstream Investors Buying In?

Before digital currencies gained recognition from mainstream investors, most traders primarily invested in stocks, bonds, precious metals, futures, options, and foreign exchange, with precious metal investments mainly focused on gold and silver. As the saying goes, "In prosperous times, buy antiques; in chaotic times, buy gold," and "When the guns fire, gold is worth a fortune." Gold and silver investments have always been favored by investors worldwide, becoming the most trusted and beloved assets for traditional investors.

With the approval of cryptocurrency ETFs and Bitcoin being included in the strategic reserves of many countries, cryptocurrencies are gradually gaining recognition from mainstream investors. Recently, more and more traditional traders have begun to pay attention to digital currencies and trade meme coins, indicating that old-school mainstream investors are gradually understanding, recognizing, and embracing cryptocurrencies, symbolizing further breakthroughs for cryptocurrencies.

For instance, a few days ago, a 35-year veteran traditional trader transitioned to become a cryptocurrency market analyst, creating a narrative that led to a rapid rise of $2 million for a small coin called PTARDIO within two hours. This also illustrates that the very narrative of traditional investors entering the cryptocurrency space can serve as a "perspective" for price rallies, and the market is willing to pay for it.

Similarly, UFD's issuer has been deeply involved in precious metal investments like gold and silver for many years. The unexpected surge of UFD within two days has showcased the immense potential of cryptocurrencies to those engaged in traditional investments like precious metals. This attempt to issue a coin is an effort to open new opportunities for older, traditional investors, attracting more elderly and old-school investors to engage and participate, unlocking greater possibilities for cryptocurrencies and demonstrating the inclusivity and potential of the crypto market.

In summary, the recent market environment has cooled down, lacking new concepts and new gameplay. Against this backdrop, the satirical "old man coin," with its unique humor and contrast, quickly captured the market's attention and successfully mobilized investor sentiment. Coupled with the recent high popularity of "Fartcoin," the spontaneous secondary creations from the community, and various other factors, UFD has created a myth of rapid market cap growth in just two days, becoming one of the recent phenomenon tokens.

In the future, will UFD gain more direct celebrity endorsements, develop new narratives and gameplay, or form a strong CTO community that spreads more widely, continuing the myth of high market cap? Can this unicorn bring even greater surprises, continue to break market cap limits, or will it fade into obscurity after the frenzy subsides? Let’s wait and see.

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