Surging 200%, Can Musk-themed Meme Coin RFC Become the Next DOGE?

By: blockbeats|2025/04/08 14:30:02
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Original Title: "Against the Trend Surge of 200%, Musk's Political Meme Coin RFC – Will It Be the Next Big Doge?"
Original Author: Ethan, Odaily Planet Daily

On March 7th, when the entire crypto market was immersed in a sorrowful downturn, a meme project named "RFC" (Retard Finder Coin) based on Musk's concept defied the trend and saw a significant price surge. According to GMGN data, RFG's price skyrocketed over 200% in the past 48 hours, with its market cap reaching nearly $30 million.

RFC's X platform social media handle is "Retard Finder," created in December 2024. Its tweets mainly revolve around immigration policy and radical environmental issues, leaning towards right-wing forces and criticizing the "alt-left" (those aligning with Trump).

Over the past month, this account has gained attention from celebrities such as Musk and Eric Trump. Its follower count has surged from over 200,000 to 700,000, with a daily growth of about 20,000 followers, far exceeding the growth rate of similar political satire accounts (usually ranging from 300 to 800 new followers per day). Moreover, Musk's account has interacted with the RFC account 22 times, leading conspiracy theorists to even suspect that this account is Musk's "political alt.".

Surging 200%, Can Musk-themed Meme Coin RFC Become the Next DOGE?

The Political Manipulation Behind Musk's Wild Ride

Retard Finder initially gained rapid popularity through a simple yet ironic post: when someone graffiti-ed a swastika on a Tesla Cybertruck, it responded with just "Found one" along with a screenshot of the incident. This concise and humorous style quickly went viral, establishing its tone of "exposing absurdity with minimal words." Subsequently, many users spontaneously started interacting with Retard Finder on the X platform, mentioning the account whenever they encountered what they perceived as "idiotic comments"; Retard Finder also selectively retweeted these user tweets to entertain the public.

Since Musk started paying attention and interacting with Retard Finder in early March, the account's followers have rapidly grown from just over 200,000 to nearly 700,000, with a daily growth of about 20,000, far exceeding the growth rate of similar political satire accounts (typically 300 to 800 new followers per day).

Some may wonder why Musk doesn't directly speak out using his own account and instead chooses to leverage this project. The reason may be political risk aversion. Musk is currently facing an EU investigation into X platform's interference in the German elections, and directly attacking the "alt-left" may increase legal risks. By speaking out through a third-party account (@IfindRetards), Musk has not only reserved political maneuvering space but has also successfully made that account his "spokesperson," allowing him to more freely convey his personal views.

By searching "from:elonmusk @ifindretards" on Musk's timeline, it is not difficult to find that the interaction between these two accounts is unusually frequent. In the past 35 days, the two have interacted a total of 22 times, with 11 of them initiated by Musk @ the other party, far exceeding his monthly interaction frequency with the official Tesla account (@Tesla) of 3-5 times.

In March 2025, Musk responded on X to a post criticizing his "cognitive decline," directly @ing that account. Prior to this, Quillette founder Claire Lehmann had posted that Musk relies on drugs rather than exercise to keep his mind sharp, and Musk responded by @ing IfindRetards in a casual manner, as if implying, "I found an idiot." This interaction not only increased the exposure of that account but was also seen as Musk's tacit approval and acceptance of its "troll culture."

A Rare Celebration in the Crypto Community

In the Token trading market dominated by Meme culture, top-tier influencers like Musk and CZ have always been the market's focus, and any of their actions can attract widespread attention. Subsequently, following the frequent interaction between Musk and the "mouthpiece" account, the RFC token quickly became a market hot spot, with its market value continuously rising.

After the RFC token was launched on March 25, the market value soared to $9 million in the early hours of the 26th, then dropped all the way to a low of $1.5 million, and has since been fluctuating around $2 million. Until 2:36 PM on March 31, when Musk once again @'ed Retard Finder while replying to a post from @Nature, the RFC token's market value surged by 510.47% within an hour, jumping from $2.86 million to $17.48 million, setting a record for the highest single interaction-induced increase.

At 11:52 PM on April 2, while replying to a post from @EndWokeness, Musk once again @ed Retard Finder, causing the token's market value to skyrocket by 84.57% in just 4 minutes, rising from $11.37 million to $20.98 million. Although it quickly fell back afterward, the impact of this interaction was still significant.

At 12:59 PM on April 6, Musk directly responded to a Retard Finder tweet, where the latter requested Musk to investigate the restoration of a user's social media account, Musk replied, "Investigating." The ultra-high-frequency interaction also caused the RFC token to skyrocket against the trend in the past two days, with its market value soaring from $10 million to a peak of $30 million, becoming the most dazzling dark horse in today's market.

Whether it's Musk's frequent interactions or the account's own humorous meme pictures, RFC Token's success has undoubtedly injected a strong dose of carnival excitement into the crypto community during a downturn. Although some RFC holders are chanting "RFC is the next DOGE," Odaily Planet Daily still wants to remind everyone that Meme carries a higher risk, so please be cautious.

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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