RFC Token Surges Over 1,000% in April—Boosted by Meme, Musk & Whales

When the meme coin fever cools down, Retard Finder Coin (RFC) unexpectedly becomes the focal point. Its price surged, pushing the market capital beyond 100 million USD.

Starting with an average price of 0.012 USD at the beginning of April, RFC quickly rose to 0.13 USD. This impressive 1,000% increase occurred in just two weeks. What drove the explosion of RFC, a relatively new meme token? Let's explore the factors behind this unexpected growth.

What made Retard Finder Coin (RFC) attract investor attention?

Retard Finder Coin (RFC) is a meme token operating on the Solana blockchain. It was launched through the Pump.fun platform, known for rapidly developing meme token projects.

RFC drew inspiration from the "I Find Retards" community on X. The project carries a humorous and social experimental tone. It distributed 96% of tokens through a public Fair Launch, with only 4% allocated to the developer's wallet. This created an initial sense of transparency.

Unlike many meme tokens, RFC provides a fixed supply, no taxes, and no airdrop, ensuring fairness and sustainability from the start. RFC quickly attracted attention due to its humor and social media spread.

According to BeInCrypto, RFC's market capital exceeded 120 million USD in April—a 10-fold increase. The token is currently trading at around 0.13 USD. A crucial factor driving this price surge was the interaction from Elon Musk's official X account.

Many investors noticed RFC after Musk interacted with the Retard Finder X account at least 25 times since early March. Elon Musk is known for entertaining and often controversial posts on X. He frequently uses memes and sarcastic comments to attract attention. His tagging of the Retard Finder account could be seen as mockery, but still drew interest.

This is not the first time Musk has influenced cryptocurrency tokens. Previously, he has changed his X profile or posted meme-related content, triggering price surges in meme tokens.

While Musk has never confirmed any connection to the Retard Finder account, his interaction alone helped increase RFC's trading volume throughout April. Data from CMC shows the token's 24-hour trading volume increased from 1 million USD to nearly 65 million USD.

Whale Accumulation and Exchange Attention

Beyond Musk's attention, whale accumulation played a crucial role in RFC's price increase.

According to a crypto analyst, wallet 9mKy1…7o4Ch bought 16.21 million RFC tokens on 04/07 at an average price of 0.0174 USD. By 04/14, that investment had yielded over 1.3 million USD in profits. Another wallet, identified as RFC Dev, spent 163 USD to buy 39.94 million tokens 20 days ago. That investment increased to over 4.2 million USD in profits.

Additionally, meme investors restructured their portfolios after recognizing RFC's potential. Data from Lookonchain reveals that a "whale" sold 1.56 million Fartcoin (worth 1.26 million USD) to buy 11.62 million RFC. This move helped RFC's market capital surpass 100 million USD.

These large transactions enhanced liquidity and created confidence for small investors. As a result, many joined in, pushing the token's price higher.

RFC's listing on Binance Alpha and attention from Bitget provided additional momentum. Bitget's listing increased RFC's liquidity and accessibility, attracting a wave of new investors. Combined with its widespread presence in meme communities, this created a real "fever" around the token.

Retard Finder Coin (RFC)'s price increase stems from a combination of Elon Musk's interaction, whale accumulation, and increasing attention from exchanges like Bitget. However, as a meme token, RFC carries significant risks.

"RFC has a wallet cluster holding 8.2% and the largest holder controls 5.7%. Combined, they hold nearly 14%. Be careful because if they want to sell off their coins, the price will drop significantly..." – Investor Hodlian warns.

Its price heavily depends on market sentiment and speculation, and the project lacks a solid ecosystem foundation. Meanwhile, the total market capital of meme coins has sharply declined—from 116 billion USD at the beginning of the year to 47 billion USD, a decrease of nearly 60%.

RFC may continue to attract attention in the near future, but maintaining long-term growth will be a significant challenge.