Memecoins FARTCOIN, TURBO, PENGU Surge Significantly on Christmas Eve, Outperforming Bitcoin and Major Altcoins

Holders of some memecoins were in for a holiday treat on Christmas Eve as the tokens surged significantly on Dec. 24, even outperforming the spike of

Several memecoins experienced a remarkable surge on Christmas Eve, outpacing the rise of Bitcoin and major altcoins. Here's a closer look at the standout performers:

1. FARTCOIN Surges to $1.2 Billion Market Cap: Launched less than two months ago, FARTCOIN soared to a market capitalization of $1.2 billion on Tuesday, to the delight of early adopters.

2. Meme Token Spiked Nearly 60% on Christmas Eve: The token surged by nearly 60% on Christmas Eve, reaching $1.20, amid a month-long rally of 232%, according to CoinGecko data.

3. Observers Noted Strong Community Around FARTCOIN: Observers have noted the strong community around FARTCOIN, which is said to be genuine, unlike other token communities that are often filled with bots that respond with automated messages to trending topics.

4. Calls for Robinhood, Binance Listing: There were also calls for the memecoin to be listed on the Robinhood app and other platforms like Binance, one of the world's leading cryptocurrency exchanges.

5. TURBO Surged from $69 to $780 Million Market Value: Commensurately, TURBO, an AI-conceived memecoin that started with a budget of $69, soared to a market value of $780 million on Christmas Eve.

6. Meme Token Increased by 28.6% on Tuesday Night: The token surged by 28.6% on Tuesday night, with its chart showing a sudden skyrocketing movement.

7. TURBO Surged Again Around June on Day of Launch: Unlike FARTCOIN, TURBO is much older in the crypto space and first experienced a significant spike at around June. Since then, the coin has been climbing and gained the attention of the crypto community.

8. TURBO Is Listed on Major Exchanges, Platforms: TURBO is listed on some of the world's largest exchanges and platforms, including Binance, Coinbase, KuCoin, Kraken, OKX, Bitfinex, Bitget, and many more.

9. Pigeons Flew Past Dogwifhat (WIF) in CoinGecko Rankings: PENGU, the official token of the Pudgy Penguins non-fungible tokens (NFTs) collection, is less than two weeks old, yet it is already the world's fifth largest memecoin in CoinGecko's rankings.

10. PENGU Surged Nearly 26% to Secure Fifth Place: With a nearly 26% surge overnight, PENGU has cemented itself as a potential long-term Top 10 ranker, outpacing the market capitalization of nearly-three-year-old dogwifhat (WIF).

11. Pigeons Is One of Fastest-Rising Memecoins: PENGU is considered one of the fastest-rising memecoins as it continues to hold its place in the top ranks. Other coins have made a similar move, rising fast, but also plunging just as fast.

12. Some Crypto Users Expect Meme Token to Be Number One: So far, PENGU is retaining momentum and some crypto users expect the meme token to become the number one player in this bull cycle.

13. Other Memecoins Had a Good Run on Christmas Eve: Some other memecoins also had a good run on Christmas Eve, including SPX6900, FWOG, and MEOW.

14. To Compare, Bitcoin Gained 4.5% Overnight: In comparison, Bitcoin was up by 4.5% overnight, while Ethereum and XRP added some 3%, and all other top altcoins were also in the green, but none logged a double-digit gain.