This memecoin surged 257% to a new ATH as market cap surpassed $500 million

The meme coin FARTCOIN has recently recorded a significant increase of 257%, marking a market capitalization that exceeds $500 million. A new peak was reached with a price of $0.60 after a 58% increase in just one day. This surge largely stems from the frenzy surrounding meme coins in the cryptocurrency market, reflecting strong interest from both investors and critics, although there are still doubts about the sustainability of this momentum.

Technical indicators such as the Chaikin Money Flow (CMF) show that money flow into FARTCOIN is increasing; however, it still indicates that investor sentiment is not yet truly strong, with the CMF remaining below zero. The Relative Strength Index (RSI) has risen into overbought territory, which may signal a price correction in the future. Despite the risks, FARTCOIN is attracting significant attention in the meme coin investor community.