2024-12-16 23:47:23
Fartcoin Climbed to a Record Market Cap of $850M as Memecoins Ride the Popularity Wave
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Fartcoin, the Solana memecoin endorsed by artificial intelligence (AI) agent Trust Terminal, surged to a record $850 million market capitalization early Monday. The memecoin reached an all-time high of $0.891 earlier this morning, before retracing to $0.78, reflecting a 137% increase in the past 30 days, according to CoinGecko data. . The spike led to a market capitalization of over $850 million, less than $150 million shy of crossing the $1 billion threshold. This growth is a significant achievement for the comedic cryptocurrency, which has gained traction through strong community support after AI agent Truth Terminal birthed the idea of Fartcoin, and the memecoin space took advantage of the opportunity to create the token. The rapid rise of Fartcoin underscores a growing trend in the cryptocurrency market where humor, community engagement, and viral appeal are driving value creation. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io