Today we’re looking at something absolutely wild – a gold and silver investor launching a meme coin. We’re looking at Unicorn Fart Dust ($UFD) launched by Ron’s Basement, a gold and silver youtuber. The coin has surprising 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 someone typically sceptical of crypto
- Grew from $6-10K to ~$260-270 million market cap in less than two days
Creator Context:
- Ron’s Basement is described as a “boomer” investor focused on precious metals
- Created Unicorn Fart Dust after seeing Fartcoin reach $500 million market cap
- The creator is considered trustworthy because:
- Already wealthy from other ventures
- Has a established reputation in gold/silver investing
- Launched this as an experiment rather than a money grab
- Drawing parallels to Peter Schiff (known Bitcoin critic) to emphasize how unusual it is for a gold investor to launch a meme coin
Market Performance:
- Reached ~270 million market cap in just 1 day and 20 hours
- Chart described as “golden” with strong support
- Maximum retracements only 40-45%
- Dips have been limited to about 30%
- Performing surprisingly well for a derivative token (which typically only reach 10% of original)
Creator’s Approach:
- No website
- Livestreamed video explaining his intentions
- Framed as a learning experience about crypto space
- Positioned as a way to introduce older investors to crypto
Presenter’s Analysis and Recommendations:
- Investment Stance:
- Not recommending buying at current levels
- Suggests buying Fartcoin instead if seeking exposure
- Views Fartcoin as the “safer pick” with more upside potential
- Price Analysis:
- Signs of stress appearing at $200 million level
- Expects lower prices ahead
- Questions sustainability of current levels
- Comparison to fcoin:
- Fartcoin currently at $1 billion market cap
- Has stronger community
- More established (2 months old vs 2 days)
- Better meme potential
- More VC and retail interest
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