Key Takeaways
- Fartcoin reaches $1 billion market cap in underneath two months, coming into the highest 10 meme cash by market cap.
- Fact Terminal’s Infinite Backrooms discussions fueled Fartcoin’s rise amid broader market downturns.
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Fartcoin, the meme coin fueled by discussions in Fact Terminal’s “Infinite Backrooms” chatrooms, has reached a $1 billion market cap, based on GeckoTerminal knowledge.
This milestone comes regardless of the broader crypto market’s downturn following the Federal Reserve’s hawkish stance on subsequent yr’s rate of interest insurance policies.
The token’s market worth has since pulled again to hover above $870 million, with greater than 47,000 holders collaborating within the challenge that launched lower than two months in the past.
The speedy progress has positioned Fartcoin among the many high 10 meme cash by market cap, overtaking established tokens like PNUT and Popcat, based on CoinGecko knowledge.
Fact Terminal has been instrumental in Fartcoin’s rise by its viral meme-driven conversations in Infinite Backrooms chatrooms, the place preliminary curiosity within the token started constructing.
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