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Solana Meme Coin Fartcoin Sees Explosive Growth Amid Crypto Market Decline

Published by
Qadir AK

The US Federal Reserve announced a 0.25% interest rate cut yesterday. However, its hawkish tone has negatively impacted the cryptocurrency market. In the last 24 hours, the meme coin market has seen a decline of 9.3%. At the time when various crypto markets were struggling due to the sudden shift in market sentiment, a Solana-based meme coin, Fartcoin, achieved a significant milestone. Dive in for details! 

Fartcoin’s Record-Breaking Market Cap

Fartcoin, a new entrant in the meme coin market, recently achieved an impressive milestone of a $1 billion market cap. The performance helped the meme coin to enter the list of the top ten meme coins by market cap. 

Now, with a market cap of $1,051,271,885, Fartcoin remains the ninth largest meme coin. This meme coin has experienced an astounding growth of 108.6% in the last seven days; it has outperformed almost all the other top meme coins, including Dogecoin, Shiba Inu, Pepe and Bonk. 

In the last one hour, it has surged by over 4.9%.

Fartcoin Market Cap: Ups and Downs

In late October, the market cap of Fartcoin was just $77,362,059. On November 22, it reached a peak of $428,851,509. On December 3, it slipped to a low of $156,354,644. However, since December 8, the market cap has grown sharply. 

Soon after achieving the milestone, Fartcoin’s market cap plummeted to $714,713,686. However, it swiftly rebounded back to above the $1 billion market cap level. At the time of writing, the Fartcoin market cap stands at around $1,051,271,885. 

Growing Community Support for Fartcoin

Reports suggest that at least 47,000 holders have joined the Solana-based meme coin project in the last two months. Many see this as a testament to Fartcoin’s growing appeal and community support. 

Fartcoin & Truth Terminal’s Viral Promotion

Reports indicate that ‘Infinite Backrooms’ chat rooms played a crucial role in helping Fartcoin to exponentially grow its popularity. As per reports, meme-driven discussions in these chat rooms created a snowball effect of interest and adoption. 

In conclusion, Fartcoin’s rise highlights the power of memes and community in driving crypto adoption

FAQs

How to buy Fartcoin?

To buy Fartcoin, use Solana-compatible wallets and trade on decentralized exchanges like Raydium or Serum supporting Fartcoin.

What does Fartcoin do?

Fartcoin is a Solana-based meme coin leveraging community-driven hype and viral campaigns to grow its popularity and adoption.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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