Ronald Branstetter, his wife and their two kids were upstairs as he sat down in his basement. Fartcoin (FARTCOIN) could skyrocket to a $500 million market cap—now $1.4 billion, as of this writing.
He was a conventional investor who created Youtube content He was not used to this level of volatility.
Branstetter has been using the term cryptocurrency for some time (as well fiat money) “Unicorn Fart Dust,” as he felt it didn’t have any inherent value, mostly because you couldn’t touch or feel it—unlike the precious metals he favored.
He decided to make his own coin by using Solana token launchpad Pump.fun. He had no idea that a seemingly innocuous launch of a token would change his entire opinion about cryptocurrency.
Branstetter operates the Rons Basement on YouTubeOn 17 December,, began a livestream in order to warn his gold-and-silver community about the crypto bubble. He explained in this video how he made Unicorn Fart dust The UFD token was ridiculed for its market capitalization of $7,000 and the fact that it seemed to be worthless.
This valuation is a far cry from what it stands at today.
Branstetter, who was working at the time when the UFD token was launched, began receiving a flood of emails that claimed the UFD’s market capitalization had reached the millions.
“So, I checked it and I was like, ‘Oh my gosh, it’s real.’ I called my wife, Susie—she was decorating our Christmas tree—and said: You’re not going to believe this,” Branstetter told Decrypt In an episode “What’s the Meta?“
“She didn't believe me,” He continued. “I didn't believe it. The first night was a state of shock.”
At this point, Branstetter sold half of the tokens that he bought with $100 at launch—Profits Approximately $57,000. Now he admits to regretting this decision as UFD went parabolic. After a month, his Solana token had a market capitalization of $420,000,000. UFD only had a value of $20,000,000 at the moment of the sale.
“I know right where I was standing on my dim porch, right outside, when I looked at my phone and I saw $1.2 million,” Branstetter told Decrypt. “Unicorn Fart Dust is my biggest single investment by far. I’m looking at $1.2 million, and I’m like, wow!”
Branstetter still didn’t cash out fully when he had the life-changing amount of money in his pocket. He said Decrypt There was “something in [his] heart” It was this that prevented him.
He said that if ever he decides to sell, he would inform the investors community beforehand. Branstetter is hoping that in the future he can monetize his experiences without having to sell. He admits that it's early in the game, however, and is just trying to learn every day.
Unicorn Fart Dust, which was once a joke that had no value whatsoever, has evolved into a community of people who have rallied around Branstetter. The group has adopted the motto, “We all laugh at unicorn jokes together.” “Good attracts good.”
Branstetter said on Monday that he would be buying more UFD. Tokens worth up to $1600. He acknowledged that his view on crypto has evolved as a result of experience.
“What really makes gold valuable is that a lot of people agree that it's valuable,” Branstetter told Decrypt. “When I look at Unicorn Fart Dust, what I consider to be the world's best meme coin, it's about the people. The value is created by the people, and then that eventually creates the price.”
“My perspective on [crypto] completely changed when I realized that the real value proposition is in the community, is in the people,” He added.
The economics behind meme coins also piqued interest. By design, coins created via Pump.fun have a locked supply of tokens—which the UFD community calls beans. According to him, this is a major reason that the token price could increase.
“I have a degree in accounting, I know numbers. When I learned that there were 999 million coins, period, finite, they can never make any more,” Branstetter explained, “I was like: You know, if we keep building the number of people that are buying these beans and holding on to them, that also creates value!”
“It all boils back down to the community,” He was finished.
Andrew Hayward is the editor