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Cryptocurrency News Articles

Fartcoin, a Cryptocurrency Launched as a Joke, Soars to a Staggering $500 Million Market Cap

Dec 13, 2024 at 01:57 am

Fartcoin, built on the Solana blockchain, originated as a playful token rewarding users for sharing flatulence-related memes, BeInCrypto reported.

Fartcoin, a Cryptocurrency Launched as a Joke, Soars to a Staggering $500 Million Market Cap

A cryptocurrency created as a joke amid memecoin frenzy has soared to a mind-boggling market capitalization of $500 million, fueled by viral interest and memecoin enthusiasm.

Fartcoin, built on the Solana blockchain, began as a playful token rewarding users for sharing flatulence-related memes, BeInCrypto reported.

While its features, such as "digital fart sound" transaction effects, garnered niche interest, its popularity skyrocketed after mentions from influential crypto figures and a surge in memecoin trading.

"I'm telling you folks, this is now worse than the Tech Bubble in 2000. Few of us lived it," Martin Pelletier, Senior PM at TriVest Wealth, wrote on X.

$200million in Fartcoin I'm telling you folks, this is now worse than the Tech Bubble in 2000. Few of us lived it.

pic.twitter.com/tpxeVJvdwM

In late November, Fartcoin gained substantial momentum, experiencing a 257% weekly surge, including a single-day jump of 58%.

Its price hit an all-time high of $0.60, and the coin now outvalues 38% of publicly traded U.S. companies.

Online communities and crypto traders have amplified its reach, coining phrases like "hot air rises" to signal its potential for further gains.

Fartcoin's future is uncertain as analysts predict that its rapid ascent could be followed by a sharp pullback.

The token's success depends on maintaining community engagement and meme-driven momentum.

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News source:www.latintimes.com

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