Memecoin Fartcoin (FART) Is No Laughing Matter as It Approaches $1B Fully Diluted Valuation

In the constantly changing realm of memecoins, one token is demonstrating that it is no laughing matter. Fartcoin, a Solana-based memecoin

In the ever-evolving landscape of memecoins, one token is proving that it's no laughing matter.

Solana-based Fartcoin, known on Twitter as @FartCoinOfSOL, is once again making headlines as it approaches a staggering $1 billion fully diluted valuation (FDV).

Once dismissed as another fleeting crypto joke, Fartcoin now stands defiantly among the top in not only audacity (no surprise there) but also in leading the pack in price performance and receiving the most attention from investors. And what kind of investors are giving it attention? Well, the kind that are not exactly stupid with their money.

Fartcoin, quite clearly, is winning the confidence game.

In the past day, Fartcoin has emerged as the most acquired token by smart money wallets, according to on-chain analytics platforms. This surge in tactical accumulation comes as the Fartcoin price is steadily rising and its visibility is increasing, thanks to an outspoken and exceptionally engaged community across all of crypto Twitter and Telegram.

#FARTCOIN @FartCoinOfSOL is the most bought token by smart money in the last 24 hours pic.twitter.com/zMX8wkuCZ2

— Stalkchain (@StalkHQ) April 16, 2025

The most recent surge in investor interest seems to be driven by a huge buyback from one of the largest holders of the coin. On-chain data reveals that a notorious whale — already known for previous Fartcoin trades — invested around $9.97 million yesterday to buy back 11.21 million Fartcoin tokens. He repurchased the tokens at an average price of about $0.89 per token.

A whale spent $9.97M to buy back 11.21M $Fartcoin at ~$0.89 eight hours ago.

Previously, the whale spent $8.15M to buy 13.39M $Fartcoin at ~$0.61, then sold at ~$0.86 — making a ~$3.33M profit.https://t.co/QRigNnNgpH pic.twitter.com/gGvkn6A1FT

— Lookonchain (@lookonchain) April 16, 2025

This action is particularly significant in light of the same whale’s previous activities. In the weeks prior to this move, they’d dropped $8.15 million to acquire a whopping 13.39 million Fartcoin tokens at a nice entry point of around $0.61. Shortly after this purchase, they sold those tokens at around $0.86, netting them a profit of approximately $3.33 million. The same whale re-entered the market when Fartcoin was trading at around $1.13. Their decision to plow even more money back into the token when it was trading significantly higher than their previous entry point certainly suggests they have strong conviction in the token’s potential.

Even more risqué, a brand new wallet has sparked some buzz by boldly entering the Fartcoin market. This wallet acquired 1.06 million tokens for $1 million worth of USDC, essentially divvying up its spent cash at about 94 cents (or one-tenth a dollar) per Fartcoin. If not some kind of sophisticated rib, the purchase may indeed suggest a new line of funding for an asset with little to no track record.

Market bleeding red, but $Fartcoin is pumping against the tide.

A newly created wallet spent 1M $USDC to buy 1.06M $Fartcoin at $0.944 an hour ago.https://t.co/wcmCXfFvYD pic.twitter.com/MqM7EivyoX

— Lookonchain (@lookonchain) April 16, 2025

Fartcoin isn’t, uh, farted on by just the blockchain or trading platforms. No, Polymarket—a site where crypto enthusiasts wager on the likelihood of future events—has a healthy amount of air with which to blow Fartcoin up, and it does so with gusto.

78% chance it hits $1b before July.https://t.co/3DQZGbQukE

— Polymarket (@Polymarket) April 16, 2025

According to Polymarket, Fartcoin has a 78 percent chance of hitting a $1 billion market cap this summer. And the site is, shall we say, pretty confident in that assessment.

What does that mean? A few things, really. For one, it means that Fartcoin might be a little less of a joke than you, or I, or even the developers of Fartcoin