'FartCoin (FART) Market Cap Hits 1 Trillion Won, Ranks 5th Among Meme Coins, Nearing TrumpCoin (TRUMP)'

2025-04-23 01:30
BLOCKMEDIA
BLOCKMEDIA
'FartCoin (FART) Market Cap Hits 1 Trillion Won, Ranks 5th Among Meme Coins, Nearing TrumpCoin (TRUMP)'

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# Solana Network's Fartcoin Surges 21%, Joins Top 5 Meme Coins by Market Cap Fartcoin (FARTCOIN), a meme coin on the Solana network, has seen its price skyrocket by 21% in the past 24 hours, bringing its market capitalization to $1.08 billion. This surge has pushed Fartcoin into the ranks of the top five global meme coins, based on data from CoinGecko. Decrypt reports that Fartcoin's ascent has come at the expense of Bonk (BONK), previously the leading meme coin on the Solana network. Fartcoin now stands as Solana's second-largest meme coin, closely trailing “Official Trump” (TRUMP), the current leader. # The Origins of Fartcoin: Created by Artificial Intelligence Fartcoin emerged from a project by an AI entity called Truth Terminal, renowned for its unique humor and wit on its X (formerly Twitter) account. Last year, Truth Terminal secured $50,000 in Bitcoin (BTC) funding from venture capital giant Marc Andreessen, enabling it to develop several meme coin projects, including Fartcoin. Themed around humor and "farts," Fartcoin was launched through the meme coin creation platform Pump.fun. Within three months, its market cap soared to $2.15 billion. However, the LIBRA scandal and rising US-China trade tensions under former President Donald Trump triggered a broader crypto market decline, dragging Fartcoin down. By March this year, Fartcoin's market cap had plummeted to $217 million. The token has since rebounded significantly, surging 388.91% to become one of the best-performing assets in a tough market. In comparison, Bitcoin rose by just 8.7% during the same period, according to CoinGecko. # Fartcoin’s Rise Amid Shifting Meme Coin Rankings Currently, Fartcoin trails Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Official Trump in market cap. TRUMP, once a formidable player, has suffered in the wake of President Trump’s trade conflicts. The token dropped 15% in value following the announcement of major tariffs on the "Day of Liberation," while Bitcoin saw a mild dip of 5.2%. Over the past 30 days, TRUMP has declined by 21.6%. Fartcoin is now just $700 million shy of surpassing TRUMP’s market cap. Given its recent growth—adding a similar amount in just over a month—it is closing the gap quickly. If Fartcoin overtakes TRUMP, it could become Solana's largest meme coin, strengthening its position as a leading AI-driven and humor-based crypto asset.
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