Ronald Branstetter was in his basement, his wife and two children upstairs and scratched his head about what a meme mint called Crooked (Fartcoin) could shoot up to a market capitalization of $ 500 million – now $ 1.4 billion, from this letter.
He was more of a traditional investor who created Youtube -content About the ebb and streams of the gold and silver markets, and this kind of volatility was not something he was used to.
For a long time, Branstetter has referred to Cryptocurrency (as well as Fiat -Valuta) as ‘unicorn fertilizer’, because he felt that it had no inherent value, especially because you could not touch or feel it – in contrast to the precious metals, he had been favored.
As such, he decided to make his own meme -mint with the help of Solana Token launchpad Pump.fun. He knew little that this harmless token launch would fully transform his opinion about cryptocurrency.
Branstetter, which the Rons Basement Channel on YouTubeA live stream started on December 17 to tell his gold and silver community about the crazy crypto bubble he noticed. In this video he explained how he made Unicorn fart (UFD) and laughed at how the apparently worthless token could have a market capitalization of $ 7,000.
But that appreciation fades compared to what it is today.
A few hours after launching the token, Branstetter was working when he started receiving tons of e -mails that claimed that the market capitalization of UFD was reaching the millions.
“So I checked it and I had something like:” Oh my God, it’s real. ” I called my wife, Susie – she was decorating our Christmas tree – and said: you’re not going to believe this, “Branstetter didn’t say Decrypt In an episode of “What is the meta?“
“She didn’t believe me,” he went on. “I didn’t believe it. The first night was a shock state. ‘
At this point, Branstetter sold half of the tokens he bought with $ 100 at the launch –profit about $ 57,000. He now admits that he regrets this decision, because UFD subsequently became parabolic. A month after the launch of his Solana Meme Coin, the market capitalization of the token $ 420 million surpassed; UFD was less than $ 20 million at the time of his sale.
“I know exactly where I was on my vague veranda, just outside, when I looked at my phone and I saw $ 1.2 million,” Branstetter said Decrypt. “Unicorn fart is by far my biggest investment. I look at $ 1.2 million, and I am so wow! “
But still, Branstetter was not completely cashed in as soon as he saw life -changing money in his wallet. He told Decrypt that there was something in it [his] Hart ”That prevented him from doing this.
In fact, he plans to never sell, and if he finally intends to do this, he said that he will communicate with the community of investors in advance. Branstetter hopes that there will be ways to earn the experience further on the road, without the need to sell. However, he admits that it is early in the game and just tries to learn every day.
During this trip, unicorn fart was transformed from a worthless gag into a healthy community that has gathered behind Branstetter. Together the group of crazy gags about unicorns and the mantra have taken over: “Well attracts well.”
On Monday, Branstetter announced that he will buy more UFD, pick up $ 1,600 token. He admitted that experience has changed his position on Crypto as a whole.
“What makes gold really valuable is that many people agree that it is valuable,” said Branstetter Decrypt. “When I look at unicorn fertilizer, which I consider as the world’s best meme coin, it’s about the people. The value is created by the people, and then that ultimately creates the price. “
“My perspective on [crypto] Fully changed when I realized that the real value proposition is in the community, is with people, “he added.
Moreover, the economic Fundamentals of Meme Coins aroused its interest. Due to design, coins have made a locked stock tokens via Pump.Fun – which the UFD community beans mentions. According to him, this is a fundamental reason why the price of token can rise.
“I have a degree in accounting, I know figures. When I heard that there were 999 million coins, point, finish, they can never make again, “explained Branstetter,” I had something like that, who also creates value! “
“It all comes back to the community,” he ended.
Published by Andrew Hayward
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