Fartcoin, a meme cryptocurrency built on the Solana blockchain, has surged to new heights, surpassing Bonk to become the second-largest meme token on the network. Its market capitalization has soared to $1.08 billion, marking a 21% price increase within the past 24 hours. This rapid rise places Fartcoin just $700 million behind Official Trump (TRUMP), the leading meme token on Solana, and ranks it 62nd among all cryptocurrencies by market capitalization.
Originally launched on Pump.fun, Fartcoin initially reached a market cap of $2.15 billion before the broader cryptocurrency market was affected by the LIBRA scandal and political tensions, including President Trump’s trade war. In March, the token saw its value drop to just $217 million, but it has since rebounded with an impressive 389% increase, far outpacing Bitcoin, which gained only 8.7% during the same period.
Fartcoin was conceived by Truth Terminal, an AI agent known for its controversial posts on X (formerly Twitter). Truth Terminal proposed the idea for Fartcoin as part of its commentary on meme coins, which led to a $50,000 Bitcoin donation from investor Marc Andreessen. The AI’s posts are vetted by a human handler, who also manages its interactions.
The recent rally in Fartcoin’s value is largely attributed to substantial purchases by key investors. Blockchain analytics platform LookonChain reports that three major buyers collectively acquired 6.25 million Fartcoin, spending over $5.5 million at prices between $1.09 and $1.15. The token’s 24-hour trading volume has surged past $400 million, more than doubling in a single day.
Meanwhile, Bonk has struggled to maintain momentum, gaining only 3.9% over the past month. The token remains within a narrow trading range between $0.0000095 and $0.0000138, with its market capitalization now standing at $1.05 billion, just behind Fartcoin.
Despite its strong recent performance, Fartcoin’s technical indicators suggest that its momentum may be nearing its peak. The token’s relative strength index (RSI) is at 67.6, approaching overbought territory, and its price movement follows an ascending channel pattern, which often signals a potential pause or correction. Bollinger Bands indicate that the token is trading near the upper edge, further suggesting the possibility of a short-term pullback. Analysts have identified $0.74 as a key support level in the event of a price retreat.
In contrast, the TRUMP token has faced declines amid political volatility, losing 21.6% of its value over the past 30 days. It experienced a sharp 15% drop following President Trump’s Liberation Day tariff announcement, while Bitcoin saw a more modest 5.2% decline during the same period.
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