Fart Coin Goes From Giggles To Gains As Meme Coin Hit New Highs, Equals Papa John's Valuation

Benzinga
01-03

It's not news that crazy things happen in the cryptocurrency space. But if someone told you a coin named Fartcoin (FARTCOIN) would run into a billion-dollar valuation and hit new highs every week, you might still scratch your head, trying to make sense of it all.

What happened: The Solana SOL/USD-based coin, having the most frivolous of names, soared 21% to become the market's third-best-performing cryptocurrency in the last 24 hours.

The coin hit an all-time high of $1.45 on Thursday before a slight correction. At its peak, FARTCOIN was worth more than Nasdaq-listed Papa John’s International Inc. PZZA.

It boasted a market capitalization of $1.32 billion at the time of writing, with trading volumes jumping 228% in the last 24 hours.

FARTCOIN outshone mainstream cryptocurrencies like Bitcoin BTC/USD and Ethereum ETH/USD, which gained just 2.19% and 2.32%, respectively.

See Also: ‘Pharma Bro’ Martin Shkreli Predicts Liquidation Doom For MicroStrategy Amid Fall Below $300, Says Bitcoin Will Hit $250K Without Michael Saylor

The meme coin has triggered polarizing opinions in the cryptocurrency space. 

"Pharma Bro" Martin Shkreli said the coin was worth nothing and would go to zero.

i am saying Fartcoin is worth nothing and will go to zero. fuck you and your memes. PVP draining each other when we should be upliftin' and shit https://t.co/ukYlPn6tqH

— Martin Shkreli (@MartinShkreli) January 2, 2025

Meanwhile, a widely followed trader who goes by the pseudonym of Altcoin Sherpa has been on a FARTCOIN accumulating spree, attributing his confidence to the coin's strong meme potential.

Price Action: At the time of writing, FARTCOIN was exchanging hands at $1.36, up 21.6% in the last 24 hours, according to CoinMarketCap.

Photo Courtesy: file404 On Shutterstock.com

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SOLEmeren Group Ltd
$1.99-1.97%
Overview
$BTCBitcoin
$96664.07-0.24%
$ETHEthereum
$3456.160.12%
$SOLSolana
$207.19-0.44%
PZZAPapa John's International Inc
$43.405.67%
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