Spotted on the on-chain data tracker Solscan, this investor bet on Unicorn Fart Dust (UFD), a memecoin on the Solana blockchain. This, at the very time when the market was undergoing a severe correction. While the majority of cryptocurrencies were in bad shape, this unlikely asset saw its price explode. What makes the feat all the more impressive is the context of his win. The market was in full collapse and very few projects escaped the storm.
With more than 10,000 meme tokens in circulation, the probability of coming across a winning project was negligible. However, the investor identified the right horse. For comparison, PENGU, another highly anticipated memecoin, crashed 50% within 24 hours of its launch. This story reminds us that, in the world of cryptocurrencies, the line between strategic genius and pure luck is often blurred.
Details of the operation
The adventure began on December 18, when he bought 12,980,490.53 UFD for $90.28. Two days later, he made a first sale of 50,000 tokens, making a profit of $6,500. On the same day, he liquidated an additional 30,490 tokens for $3,963.70. What's left for him? Nearly 12.9 million tokens, whose current value exceeds $1.677 million, with a current price of $0.13.
But as with many new millionaires from trading meme cryptocurrencies, doubts remain. Stroke of genius, coincidence or possible insider trading? One thing is certain: this investor is now enjoying the fruits of his audacity.
To go further:
Crypto Millions: when $27 changes a life forever
What do we know about Unicorn Fart Dust?
Unicorn Fart Dust (UFD) was the brainchild of Ronald Branstetter, a creator known for his sharp critiques of the traditional financial market. Initially intended as a parody of the world of cryptocurrencies, UFD quickly exceeded all expectations. The idea behind this memecoin was simple: to show how the cryptocurrency market can get carried away by absurd trends.
Yet this satirical project based on the Solana blockchain surprised everyone by reaching a capitalization of $240 million in just 48 hours, propelled by a viral craze and a community hungry for quick wins. Branstetter himself called his work “unicorn fart dust,” emphasizing the complete lack of fundamental value.
Moral of the story: He bet on a unicorn fart, and now he's swimming in gold!
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, we encourage readers to verify the facts on their own and consult a professional before making any decision based on this content.
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