---

Today we are looking at something totally wild: a gold and silver investor who launches a meme coin. We’re looking into Unicorn Fart Dust, $UFD, launched by Ron’s Basement, a gold and silver youtuber. The coin has surprisingly hit 100m+ in market cap in just the past few days.
Key Background:

Unicorn Fart Dust is a derivative of Fartcoin

Created by Ron’s Basement, a gold/silver investment YouTuber

Launched as a “social experiment” by person who is normally skeptical of crypto

Grew from $6-10K to ~$260-270 million market cap in less than two days

Creator Context:

Ron’s Basement is a well known “boomer” investor who focuses on precious metals.

Created Unicorn Fart Dust following watching Fartcoin reach 500 million-dollar market cap.

The creator was seen as trust-worthy for various reasons:

already wealthy from ventures

Has well established reputation from investing in gold/silver

Threw this together as an experiment, not to cash in

Drawing comparisons with Peter Schiff, famous Bitcoin critic, to drive home how few gold investors would actually create a meme coin

Market Performance:

~270 million market capitalization in 1 day and 20 hours

Chart is “golden” with loads of support

Max retracements of 40-45%

Dips thus far have been at around 30%

Doing surprisingly well, considering it’s a derivative token, which only usually reach 10% of original

Creator’s Approach:

No website

Livestreamed video explaining his intentions

Framed as a learning experience about crypto space

Positioned to onboard older investors into crypto

Presenter’s Analysis and Recommendations:

Investment Stance:

Not advising to buy at these levels

If looking for exposure, he suggests buying Fartcoin instead

Sees Fartcoin as the “safer pick” with more upside

Price Analysis:

Starting to show signs of stress up at the $200 million level

Expects lower prices ahead

Questions the sustainability of recent levels

By comparison to FCoin:

The market capitalisation of Fartcoin stands at US$1 billion

Community much stronger

Much more mature, 2 months vs. 2 days

Meme potential way stronger

VC and Retail interest higher