Although Bitcoin has a huge impact on the crypto trading market, there are still people who create their own journey. This is exactly what the newly launched crypto token did: it increased in price by 5,500% despite the crypto market’s decline, bringing huge profits to investors.
Cryptocurrency trader makes $3.25 million after investing in UFD
Cryptocurrency trading is a complex investment process that requires a lot of strategies, precise timing, the ability to identify opportunities, and many other factors to generate huge profits. However, there are also cases where traders achieve huge profits in the blink of an eye. This is exactly what happened to this investor who invested just $90 in Solana’s new meme coin and made $3.25 million after the token price skyrocketed by 5,500%.
Lookonchain, a popular news site in the cryptocurrency community, revealed the incident, saying that the trader had made a profit of 36,067 times his initial capital from his investment in UFD. What’s more, this happened within just 2 days, leaving the online community in awe. However, this is not the first time such cases have occurred. Previously, a crypto whale made $5 million from PENGU’s airdrop program.
What is Unicorn Fart Dust (UFD) and why is it so popular?
Over the years, many have doubted the authenticity of cryptocurrency trading, while others have become fans of its profit potential and practical applications. Similarly, Basement Ron, a gold enthusiast, wanted to prove that cryptocurrencies are worthless and that gold is the real investment. To do this, he created a meme coin on the Solana platform called Unicorn Fart Dust (UFD) and published it online with the aim of showing everyone that it would fail.
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However, the unexpected happened: the coin exploded in just a few days, reaching a market capitalization of $500 million. The price of UFD increased by 5,500%, bringing huge profits to investors, also known as token holders.
Currently, UFD is trading at $0.1666 with a market capitalization of $165 million, after increasing by 42% in just the last 24 hours. At the same time, its trading volume reached $53,519,706 according to data from Coingecko, showing the high demand of the market for this token.