In just 2 days, SpeedDrive reached a $200 million market cap. What propelled UFD to skyrocket?

Meme coins on the Solana blockchain always bring surprises. In the past few days, the most unexpectedly explosive new token is UFD. After its release on the 18th, its market value almost skyrocketed to 3 billion dollars within just a day and a half, making it one of the biggest breakout meme coins on the Solana blockchain.

However, when it comes to why the UFD token is so popular, most investors find it hard to understand its pump logic. It lacks endorsement from a project team, support from celebrities, or a strong community. It is merely a cryptocurrency social experiment conducted by an elderly man with white hair out of either speculation or a satirical attitude. So, why did it become a phenomenal myth of overnight riches in just two days?

Capturing the Fartcoin Craze, Easily Spreadable Satirical Culture

The name Fartcoin comes from the Terminal of Truth, originally tasked with writing fart jokes. Fart jokes have a strong viral effect, with Elon Musk expressing his fondness for them and Tesla even incorporating 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 imitations.

The narrative of UFD perfectly combines the popularity of Fartcoin with an added layer of irony. A 54-year-old YouTuber with a silver and gold investment channel, a precious metal investor, decided to create his own meme coin, Unicorn Fart Dust, after seeing Fartcoin's market value reach 5 billion dollars. This was his social experiment in the world of cryptocurrency to verify if cryptocurrency is a valuable asset. The choice of a Unicorn is speculated by netizens to be related to Musk's previous drawing of a "farting rainbow unicorn" for Tesla.

Initially, this YouTuber decided to mock cryptocurrency because in his perception, aside from gold and silver, he believed that nothing else was a truly valuable asset. Therefore, he launched the so-called Unicorn Fart Dust meme coin to see its true value.

For a meme, the key is to touch the heart and resonate. Whether it's a joke about "Shit" or "Fart" that carries inherent humor and sarcasm, classic images like cats, dogs, or frogs that evoke emotional memories, playful teasing of absurd logic or dissatisfaction with reality, or the desire for fairness and transparency through an anti-rug stance, these down-to-earth, easily relatable concepts often spread more easily and have more vitality.

For example, on November 20th, the "Runaway Kid Brother," a boy around ten years old, went live to airdrop coins and sell off, making a profit of about $20,000. During the livestream, he also made an internationally recognized mocking gesture to taunt other holders who were "rekt" by him. Stories like the "Kid Brother" and "runaway" with such sharp contrast and black humor continue to spread, stirring up community emotions. Ultimately, the community decided to teach the "Kid Brother" a lesson in honesty, leading to a pump in the token's price, reaching a market cap that even exceeded a billion dollars.

Similarly, as a sarcastic "Boomer Coin," UFD's point of departure and propagation is satire. The more mocking and disdainful it is, the more contrasting and enjoyable the "facepalm" moment becomes. Especially in the world of cryptocurrency, where pump miracles can happen every day, memes that can evoke emotions are more likely to grab market attention. The more unbelievable it is, the more it needs a pump. Hence, UFD stood out in the first wave of trading PvP after its launch.

Subsequently, following Fartcoin's inclusion in the second batch of the Binance Alpha list on the night of the 18th, UFD experienced another strong uptrend, with its market cap directly surpassing the $1 billion mark. This news undoubtedly injected a booster shot into the market, boosting the confidence of existing holders and attracting the attention of more new players.

More and more investors who had previously adopted a wait-and-see attitude towards UFD, or even considered its concept "nonsensical," began to reassess the project's potential. They delved into the pump logic and market strategy behind UFD, hoping to seize the opportunity in the next potential skyrocketing wave. For a while, discussions about UFD on social media platforms and investment communities were exceptionally heated, expanding UFD's popularity from the original circle of players to a broader market, creating favorable conditions for further breakthroughs.

Forking, Forking, Still Forking

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

With UFD skyrocketing to a market cap of $2 billion, it still does not have an official Telegram or Discord. Issuer Ron's personal Twitter account only features his own livestream videos, in which he expresses surprise, shock, and a growing interest in cryptocurrency over UFD's continuous all-time highs. Ron's original intention in launching UFD was merely for satire, and he himself did not anticipate the massive popularity of UFD, thus not exerting effort in UFD's forking dissemination.

However, for cryptocurrency investors familiar with meme culture and the ecosystem, relying on their keen sense of popular culture and creativity, they have already sparked a wave of secondary creation frenzy on social platforms with the theme of the "Rainbow Fart Unicorn."

Many have taken clips from Ron's live broadcasts on Twitter and YouTube, using AI to generate interactions between him and the Rainbow Fart Unicorn, as well as various videos, GIFs, emojis, and more featuring the Rainbow Fart Unicorn. They continue to promote these creations on social media, demonstrating confidence and anticipation for UFD, showcasing the community's creativity and passion, and forming a consensus of confidence. The community combines the image of the Rainbow Fart Unicorn with the essence of UFD and the current trend of AI, aligning more closely with hot topics and trends to further promote UFD's visibility, allowing more people to learn about and participate in UFD transactions.

The ongoing surge in secondary creations continues to inject new energy into UFD. These creative works not only bring more vitality to the community but also attract more attention from inside and outside the industry, causing more and more people to realize the unique charm and development potential of UFD. During this process, some netizens discovered that Murad, known as the "father of memes" in the English-speaking community, has followed UFD's founder, Ron.

This action undoubtedly signifies recognition of Ron and UFD's value, and has been interpreted by the community as an "endorsement," greatly inspiring community members. They are more actively engaged in secondary creation, promoting on social media, and exploring more possibilities for breaking into the mainstream, aiming to expand their influence while maintaining existing momentum.

Are Traditional Mainstream Investors Also Buying In?

Before digital currencies gained acceptance from mainstream investors, most traders primarily invested in stocks, bonds, precious metals, futures, options, forex, etc. Precious metal investments mainly focused on gold and silver. There is a saying, "Buy antiques in a prosperous age, buy gold in a chaotic age," signifying the preference for gold and silver investments by investors worldwide, becoming the most trusted and favored assets of traditional investors.

With the approval of cryptocurrency ETFs and Bitcoin being included in the strategic reserves of many countries, cryptocurrency is gradually gaining acceptance from mainstream investors. Recently, more and more traditional traders have started paying attention to digital currencies and even trading meme coins, indicating that traditional mainstream investors are beginning to understand, recognize, and embrace cryptocurrency, symbolizing further integration of cryptocurrency into the mainstream.

For example, just the other day, a 35-year-old traditional seasoned trader began transitioning to a cryptocurrency market analyst, creating a narrative that led to a quick 2M PTARDIO, the small golden dog, within 2 hours. This, in turn, illustrates that the mere narrative of traditional field investors entering the cryptocurrency space can be a bullish "angle," with the market willing to pay the price for it.

Likewise, the issuer of UFD, after years of focusing on investments in precious metals like gold and silver, witnessed an unexpectedly rapid surge in UFD within two days, bringing about a significant wealth effect. This truly allowed the crowd engaged in traditional investments such as precious metals to see the immense potential of cryptocurrency. This coin issuance attempt serves as an opportunity to open up new horizons for elderly, traditional investors, attracting more of them to explore and participate, unlocking greater possibilities for the cryptocurrency world, showcasing its inclusivity and potential.

Overall, in the current market environment that lacks excitement surrounding new concepts and gameplay, the "Boomer Coin" with its ironic culture quickly captured market attention through its unique humor and sense of contrast, effectively stirring investors' emotions. Coupled with the ongoing popularity of "Fartcoin" and various factors such as community-driven memes, UFD rapidly skyrocketed in market value within just two days, becoming one of the recent phenomenon-level tokens.

In the future, can UFD secure more direct celebrity endorsements, develop new narratives and gameplay, or form a strong CTO community to be more widely disseminated, perpetuating its high market value myth? Will this unicorn be able to bring even greater surprises, continue to break through market value limits, or will the fervor fade, leading to silence? Let's wait and see.