Fartcoin（放屁）集会90％，因为市场波动加剧了

4月，以极端市场波动为标志的一个月 - 萨（Saw）加剧了美国 - 中国紧张局势，并在全球市场的广泛抛售导致了几乎所有资产类别的恐慌销售。

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，以极端市场波动为标志的一个月 - 萨（Saw）加剧了美国 - 中国紧张局势，并在全球市场的广泛抛售导致了几乎所有资产类别的恐慌销售。

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

在混乱之中，是加密市场奇怪的深度出现的最不可能的赢家之一：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.

这家位于索拉纳的Memecoin在过去一周中涨到近90％，在过去一个月中大约300％，这使传统资产（以及大部分加密货币市场）远远落后。

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，比特币（BTC）（BTC）是过去一周和一个月中大致平坦的比特币（BTC），而诸如Ether（Eth），Solana（Sol）（Sol）和XRP等风险较高的山寨币则处于红色状态。同时，纳斯达克高科技的100指数在过去一周中下跌了2％，并且由于债券收益率上升和地缘政治紧张局势占风险资产的增长，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.

它甚至超过了黄金，最近在过去一周的6.5％的出色回报率和本月12％的稳定回报率上，这一黄金最近达到了历史最高的高度驱动。

“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的贸易自动化专家Kirill Kretov说：“ Fartcoin的荒谬表现是这个市场的完美隐喻。” “一个开玩笑的笑话，以波动性包裹着，在这里，我们与中国的关税升级使'理性'交易幻想。”

What FARTCOIN's rise mean for cryptos

Fartcoin的崛起对加密货币意味着什么

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.

根据设计，Memcoins是占据加密市场极端角落的加密货币。与更既定的数字货币不同，它们没有效用或稀缺性。这些令牌，例如Fartcoin，毫不掩饰地投机，主要由社交媒体炒作，在线社区和短期交易者的势头驱动。

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于10月推出，随着由Andy Ayrey创建的自主人工智能（AI）代理人Truth Terminal吹捧的代币之一，并在由启动板泵驱动的加密货币ai投机浪潮中成为病毒式热门。以笑话社区的口号（例如“热空气上升”和“十亿必须放屁”）普遍，令牌的市值从零膨胀到1月中旬的25亿美元。

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.

然后，随着唐纳德·特朗普的就职典礼，这一切都随着加密货币市场而崩溃，特朗普的象征发射标志着投机泡沫的顶峰。放屁类似于其他小型和危险的加密货币，到3月，下跌了90％以上，至2亿美元的市场价值。但是，从那以后，它触底了，并进行了惊人的复出，成为数字资产领域表现最好的人之一。

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的拉力赛愚蠢的原因是，它完全与其他投机性模因完全脱离了。由于Fartcoin的价格已经四倍，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."

“在宏观不确定性期间，我从未见过这种相对的力量，也没有动物精神的替代品的迹象，”伪匿名的Crypto Trader Smiley Capital说，他为他的直率评论而获得了大量追随。 “这需要一种特殊的智慧和信念，将全球经济崩溃的同时简单地成为一个名为Fartcoin的资产。”

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.

在过去一周的极端恐惧，笑脸的资本推测之后，令牌的表现也可能是返回市场风险情绪的早期信号。

"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：“这也是对更广泛风险资产的晴雨表和领先者。” “这是你们中大多数人还没有准备好听到甚至掌握的声明。”

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.

新金融秩序的不可预测和荒谬的性质是由Fartcoin的兴起所强调的，还是仅仅是Memecoin市场中的另一章。

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令人惊叹的集会表现优于大多数资产类别，这提醒人们，无论听起来多么荒谬，病毒率通常都胜过当前市场的基本面。