A trader turned a modest investment into millions of dollars by trading the meme coin Unicorn Fart Dust (UFD). The phenomenon was highlighted by analysts at Lookonchain.
This guy had less than $1K yesterday, and now his assets are worth ~$3.95M!
— Lookonchain (@lookonchain) December 18, 2024
He spent just $712 to buy 48.02M $UFD, which is now worth $3.95M—an insane 5,546x return!https://t.co/35aJwvKG2d pic.twitter.com/du0HHNqXiA
On December 17, the trader purchased 48.02 million UFD tokens for just $712. A significant price surge the next day brought him approximately $3.95 million in profits, representing a return of x5546.
Commenters on X speculated that the wallet may belong to project developers or an insider.
According to the official website, Unicorn Fart Dust was created by 54-year-old Ron, who traditionally trusts only gold and silver. However, he launched his own token, admitting he could be wrong. Ron emphasizes that the token’s price is unsupported, and the project has no purpose other than “pure humor, curiosity, and a sprinkle of meme magic.”
As per GeckoTerminal, UFD is currently priced at $0.19, with a one-hour growth of over 536.51%. The 24-hour trading volume stands at $148 million.
Notably, on December 18, Binance introduced the first wave of projects on its Alpha platform, including Fartcoin, another “fart-themed” token on Solana.
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