Flatulence-themed Solana meme coin Fartcoin is on the rise once more, leaping practically 22% within the final 24 hours to $0.53 and outpacing the positive aspects of prime meme cash like Dogecoin (DOGE) and President Trump’s official Solana token (TRUMP) in the identical timeframe.
The token, whose proponents use the tagline “sizzling air rises” when selling its glide increased, has reclaimed a $500 million market cap after crashing to roughly $200 million in early March.
Nevertheless, FARTCOIN nonetheless stays about 78% off its all-time excessive of $2.48 from February.
By comparability, DOGE and TRUMP have gained simply 4% and a pair of% within the final 24 hours, respectively.
Fartcoin’s place as the highest meme coin chief on April Idiot’s Day could also be a coincidence, however the token’s rebound of greater than 108% within the final month comes amid an obvious sentiment shift amongst Solana meme coin merchants as they hope for one more potential run for the token.
“Fartcoin's outperformance in the present day is on tens of tens of millions of {dollars} in liquidity and over $10 million quantity previously 24 hours. Nothing else like that is taking place within the meme coin area,” posted pseudonymous crypto character Artchick on X (previously Twitter) on Monday. She added that Fartcoin could possibly be “a Malicious program for all the meme coin sector.”
The token’s mindshare is rising, as properly, based mostly each on X exercise and on-chain information.
The identify for Fartcoin was dreamed up by an AI chatbot, and information associated to its mindshare is being tracked alongside different AI agent tokens through analytics platform Cookie.enjoyable. Fartcoin presently maintains the most important mindshare amongst AI tokens at 13.39%, and has additionally posted the most important mindshare achieve within the final three days, leaping 4.5% over that point.
Will the Fartcoin bounce assist propel a potential meme coin comeback? It might be too early to inform, however Pump.enjoyable token launchpad co-founder Alon Cohen informed Decrypt in late March that he believes meme cash are right here to remain.
“A crypto consumer in the present day is as more likely to be buying and selling meme cash as they had been one or two months in the past,” mentioned Cohen.
The meme class has jumped by greater than 5% within the final 24 hours whereas Bitcoin and Ethereum have gained roughly 2% and 4% respectively, in accordance with information from CoinGecko.
Edited by Andrew Hayward
