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Surging 200%, Can Musk-themed Meme Coin RFC Become the Next DOGE?
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.".
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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Sun Valley Releases 2025 Financial Report: Bitcoin Mining Revenue Reaches $670 Million, Accelerating Transformation to AI Infrastructure Platform
On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.
• Financial Performance:
Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.
Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.
Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.
• Mining Operations and Costs:
A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.
The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;
The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.
As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.
• Strategic Progress:
The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.
CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."
"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."
The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."
The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.
The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.
This includes:
· Cost of Revenue (excluding depreciation): $1.553 billion
· Cost of Revenue (depreciation): $38.1 million
· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)
· Mining Machine Impairment Loss: $81.4 million
· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million
The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.
The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.
The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.
The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.
The total annual operating costs and expenses amount to $1.1 billion.
Specifically, they include:
· Revenue Cost (excluding depreciation): $543.3 million
· Revenue Cost (depreciation): $116.6 million
· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)
· Miner Impairment Loss: $338.3 million
· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million
The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.
The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.
As of December 31, 2025, the company's key assets and liabilities are as follows:
· Cash and Cash Equivalents: $41.2 million
· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million
· Miner Net Value: $248.7 million
· Long-Term Debt (related party): $557.6 million
In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.
As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.
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