A meme coin hits a market cap of over $1 billion in a short period of time!
Fartcoin, a meme coin built on the Solana network, has achieved a market cap of over $1 billion, according to data from GeckoTerminal, despite the general decline in the cryptocurrency market due to the Federal Reserve’s hawkish stance on interest rates.
The coin’s market cap has since fallen to around $870 million, with over 47,000 coin holders and contributors participating in the project that was launched less than two months ago.
This performance put Fartcoin among the top 10 meme coins by market cap, surpassing coins like PNUT and Popcat, according to data from CoinGecko.
The Truth Terminal platform contributed significantly to this growth by boosting the coin’s popularity through meme conversations that spread in the Infinite Backrooms chatroom, which helped build initial momentum for the project.
