An impressive success story in the memecoin world has captured the attention of the crypto community. A trader who started with a modest investment of just $90, equivalent to 0.4 Solana (SOL), managed to turn that amount into more than $3.25 million. The asset in question: Unicorn Fart Dust (UFD), a new and controversial memecoin that has gained relevance in recent days.
According to data provided by Lookonchain, this trader dove into the market for UFD, a Solana memecoin, acquiring almost 13 million tokens in his first move. What happened next is astonishing: in just two days, he managed to make two significant transactions that catapulted his investment to impressive numbers.
Trader success and lessons from memecoins
The process of this investment began when the trader purchased around 13 million UFD tokens. In just two days, this investor made two key transactions that led him to earn over $3.25 million.
This trader’s quick gain is an example of what memecoins like UFD can offer to risk-taking investors. Memecoins are crypto assets based on internet jokes and often lack clear utility or fundamental support.
Trader's moves with the memecoin UDF. Source: X/@lookonchain
However, UFD was born as an ironic take on the unpredictability of the cryptocurrency market. Its very existence is a satire that highlights how digital tokens can increase in value without having any real use.
Created by YouTuber Ronald Branstetter, the Solana memecoin reached a market cap of over $240 million within 48 hours of its launch. However, the hype appears to have dissipated, and UFD is currently trading at $0.09443 after falling nearly 60% in the past 24 hours.
UFD price performance. Source: MEXC
Although this type of investment is risky and volatile, the results achieved by this trader show how Solana memecoins can sometimes offer extraordinary returns.
However, it is essential that investors understand the risks associated with these digital assets and have a clear strategy for dealing with crypto market volatility.
The article Trader turns $90 into $3.25 million; check out how it was first seen on BeInCrypto Brazil.
