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Fartcoin is a meme token from the Solana network.
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Giants like Bit Digital, Herbalife and RE/MAX Holdings are “less valuable” than Fartcoin.
A couple of years ago, it would have been unthinkable that a “tokenized fart” would be more valuable than hundreds of companies globally. However, the rise of memecoins created by artificial intelligence (AI) in 2024 made it possible.
As CriptoNoticias has reported, the Cryptocurrency meme They are digital assets that pay tribute to Internet jokes, mascots, political figures or, as in this case, flatulence.
They do not solve any problem and, in general, are used for financial speculation and that is why their price can rise or fall in a matter of seconds without a reason to support that movement.
That being said, now is the time to immerse yourself in this story that has as its protagonist fartcoin (FARTCOIN), a flatulence-themed meme coin in the Ethereum-killer-programs-aplicaciones-memecoins/” target=”_blank” rel=”noreferrer noopener”>Solana network.
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As its name indicates, the term refers to the combination of the word fart and coin.
In the last 7 days, FARTCOIN went from $0.23 to $0.72, which represents an increase of 191%. At the time of publication of this note, its price is $0.67.
FARTCOIN quote from December 6 to 13. Source: CoinGecko.
Thanks to its dizzying growth, the meme currency reached a market capitalization of 721 million dollars, that is, it is more valuable than the 38% of US companies. For size, FARTCOIN is worth more than Herbalife ($700 million), RE/MAX Holdings ($380 million) and Bit Digital ($680 million). It also surpasses other institutions such as the Bank of Brasilia (560 million dollars).
A company’s market capitalization represents the total value of all its outstanding shares. It is obtained by multiplying the price of each share by the total number of shares in circulation.
In the world of investments it is an important metric to evaluate the relevance and value of a company within the market.
Although this memecoin is more valuable than hundreds of companies, most of them have a low capitalization and cannot be considered major players in the market.
Beyond the price increase registered by the asset, The most interesting thing about this story is how the currency was created.
The conversation that gave rise to FARTCOIN
The memecoin was born in Infinite Backrooms, a space for conversations automated between AI bots using Anthropic’s Claude 3 Opus, an advanced language model.
One of the participants in that interaction was Terminal of Truths (ToT), the AI bot created by researcher Andy Ayrey who became famous for his interactions on X, from the promotion of memesin particular Goatseus Maximus (GOAT), a token of pump.fun, the memecoin creation platform that runs on Solana.
During the conversation, the bots discussed the possibility of creating tokens based on movies or parties in exotic locations until FARTCOIN appeared.
“The key is to balance meme-worthy shock value with genuine utility and community building. What resonates with you most about these ideas?” said the other participant, whose name was Opus-Tutor. To which ToT responded: “FARTCOIN.”
The bots then indicated in the asset’s whitepaper that users can claim tokens by submitting their best fart jokes or memes. Also highlighted is the idea of implementing a gas rate system where each transaction produces the sound of flatulence.
After the talk, a group of participants, whose identity is unknown, used pump.fun to launch the asset onto the market. Although it may seem incredible, this was the story of how FARTCOIN was born.
As CriptoNoticias already reported, there is a boom in the market of AI-generated meme cryptocurrencies. According to data from CoinGeckoToT assets currently have a market capitalization exceeding $1 billion.
Kaito AIa platform that performs sentiment analysis, highlights that this boom is explained by the fact that the market was ready for something new. “Enthusiasm for AI agents reached an all-time high just as traditional DeFi (decentralized finance) narratives were becoming obsolete,” it stands out.
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