Fartcoin（放屁）集會90％，因為市場波動加劇了

4月，以極端市場波動為標誌的一個月 - 薩（Saw）加劇了美國 - 中國緊張局勢，並在全球市場的廣泛拋售導致了幾乎所有資產類別的恐慌銷售。

April—a month marked by extreme market volatility—saw intensifying U.S.-China tensions and a broad selloff in global markets that led to panic selling of almost all asset classes.

4月，以極端市場波動為標誌的一個月 - 薩（Saw）加劇了美國 - 中國緊張局勢，並在全球市場的廣泛拋售導致了幾乎所有資產類別的恐慌銷售。

Amid the chaos, one of the most improbable winners emerged from the strange depth of the crypto market: Fartcoin (FART).

在混亂之中，是加密市場奇怪的深度出現的最不可能的贏家之一：Fartcoin（Fart）。

The Solana-based memecoin, has rallied nearly 90% in the past week and roughly 300% over the past month, leaving traditional assets — and much of the crypto market— far behind.

這家位於索拉納的Memecoin在過去一周中漲到近90％，在過去一個月中大約300％，這使傳統資產（以及大部分加密貨幣市場）遠遠落後。

By comparison, bitcoin (BTC)—the largest and most established cryptocurrency—has been roughly flat over the past week and month, while riskier altcoins like ether (ETH), Solana (SOL) and XRP are in the red. Meanwhile, the tech-heavy Nasdaq 100 index slid around 2% over the past week and is down nearly 5% over the month as rising bond yields and geopolitical tensions weigh on risk assets.

相比之下，比特幣（BTC）（BTC）是過去一周和一個月中大致平坦的比特幣（BTC），而諸如Ether（Eth），Solana（Sol）（Sol）和XRP等風險較高的山寨幣則處於紅色狀態。同時，納斯達克高科技的100指數在過去一周中下跌了2％，並且由於債券收益率上升和地緣政治緊張局勢佔風險資產的增長，因此近5％下降了近5％。

It has even outperformed gold, which recently hit an all-time high driven by safe-haven demand, in a stellar return of 6.5% over the past week and 12% over the month.

它甚至超過了黃金，最近在過去一周的6.5％的出色回報率和本月12％的穩定回報率上，這一黃金最近達到了歷史最高的高度驅動。

“Fartcoin’s absurd outperformance is the perfect metaphor for this market," said Kirill Kretov, trading automation expert at CoinPanel, in a message on Telegram. "A joke wrapped in volatility, where escalating U.S.-China tariffs make 'rational' trading a fantasy.”

Coinpanel的貿易自動化專家Kirill Kretov說：“ Fartcoin的荒謬表現是這個市場的完美隱喻。” “一個開玩笑的笑話，以波動性包裹著，在這裡，我們與中國的關稅升級使'理性'交易幻想。”

What FARTCOIN's rise mean for cryptos

Fartcoin的崛起對加密貨幣意味著什麼

By design, memcoins are cryptocurrencies that occupy an extreme corner of the crypto market. Unlike more established digital currencies, they have no utility or scarcity. These tokens, like Fartcoin, are unabashedly speculative, driven largely by social media hype, online communities and the momentum of short-term traders.

根據設計，Memcoins是佔據加密市場極端角落的加密貨幣。與更既定的數字貨幣不同，它們沒有效用或稀缺性。這些令牌，例如Fartcoin，毫不掩飾地投機，主要由社交媒體炒作，在線社區和短期交易者的勢頭驅動。

Launched in October, Fartcoin quickly gained prominence as one of the tokens touted by Truth Terminal, an autonomous artificial intelligence (AI) agent created by Andy Ayrey, and became a viral hit amid the crypto-AI speculative wave driven by launchpad Pump.fun. Popularized with joke community slogans like “hot air rises” and “billions must fart,” the token’s market cap swelled from zero to just shy of $2.5 billion by mid-January.

Fartcoin於10月推出，隨著由Andy Ayrey創建的自主人工智能（AI）代理人Truth Terminal吹捧的代幣之一，並在由啟動板泵驅動的加密貨幣ai投機浪潮中成為病毒式熱門。以笑話社區的口號（例如“熱空氣上升”和“十億必須放屁”）普遍，令牌的市值從零膨脹到1月中旬的25億美元。

Then, it all came crashing down with the crypto market as Donald Trump’s inauguration, and the TRUMP token launch marked the peak of speculative froth. FART, similarly to other small and risky cryptocurrencies, tumbled over 90% to a $200 million market value by March. But, since then, it bottomed out and has staged a staggering comeback, becoming one of the best performers in the digital assets sector.

然後，隨著唐納德·特朗普的就職典禮，這一切都隨著加密貨幣市場而崩潰，特朗普的象徵發射標誌著投機泡沫的頂峰。放屁類似於其他小型和危險的加密貨幣，到3月，下跌了90％以上，至2億美元的市場價值。但是，從那以後，它觸底了，並進行了驚人的複出，成為數字資產領域表現最好的人之一。

What makes fartcoin's rally dumbfounding is that it completely decouples from other speculative memecoins. Since Fartcoin has already quadrupled in price, other prominent meme tokens like dogecoin (DOGE), pepecoin (PEPE), dogwifhat (WIF) and TRUMP languished near their lows.

Fartcoin的拉力賽愚蠢的原因是，它完全與其他投機性模因完全脫離了。由於Fartcoin的價格已經四倍，因此其他著名的模因令牌（例如Dogecoin（Doge），Pepecoin（Pepe）（Pepe），Dogwifhat（Wif）（Wif）和特朗普（Trump）和特朗普（Trump）在低谷附近陷入困境。

"I have never seen such relative strength during macro uncertainty and no signs of animal spirits for altcoins," said pseudonymous crypto trader Smiley Capital, who has gained a substantial following for his blunt commentary. "It takes a special kind of retardation paired with conviction to simply size up into an asset named Fartcoin whilst the global economy is imploding."

“在宏觀不確定性期間，我從未見過這種相對的力量，也沒有動物精神的替代品的跡象，”偽匿名的Crypto Trader Smiley Capital說，他為他的直率評論而獲得了大量追隨。 “這需要一種特殊的智慧和信念，將全球經濟崩潰的同時簡單地成為一個名為Fartcoin的資產。”

The token's outperformance could also be an early signal of risk-on sentiment returning to markets—at least amid crypto traders—after past week's extreme fear, Smiley Capital speculated.

在過去一周的極端恐懼，笑臉的資本推測之後，令牌的表現也可能是返回市場風險情緒的早期信號。

"It's also a barometer and frontrunner for broader risk assets," he pointed out. "That's a statement most of you are not ready to hear yet, or even grasp."

他指出：“這也是對更廣泛風險資產的晴雨表和領先者。” “這是你們中大多數人還沒有準備好聽到甚至掌握的聲明。”

Whether the unpredictable and absurd nature of the new financial order is highlighted by Fartcoin's rise or simply another chapter in the memecoin market remains to be seen.

新金融秩序的不可預測和荒謬的性質是由Fartcoin的興起所強調的，還是僅僅是Memecoin市場中的另一章。

But Fartcoin's stunning rally, outperforming most of the asset classes, serves as a reminder that virality often trumps fundamentals in the current market, regardless of how absurd it may sound.

但是，Fartcoin令人驚嘆的集會表現優於大多數資產類別，這提醒人們，無論聽起來多麼荒謬，病毒率通常都勝過當前市場的基本面。