Fartcoin

Submission 733

Part of a series on Meme Coins. [View Related Entries]

About

Fartcoin, also known as $FRTC, is a meme coin on the Solana blockchain that was introduced to the crypto market in late October 2024. The joke cryptocurrency is purportedly created and run by an AI bot, similar to Goatseus Maximus. Following the same strategy as other tokens like Dogecoin and Bonk, Fartcoin leans into collectible digital fart sounds and memes related to flatuency, often posted by the community surrounding it. The coin gained significant attention in December 2024 after reaching a nearly $1 billion market cap, during which it notably received attention from the mainstream media.

History

Fartcoin was launched on October 24th, 2024, on the Solana blockchain. The cryptocurrency has a cryptic website,^[1] with information on the meme coin alleging it was created by Truth Terminal, which states, "a currently Pierre Beaudet (me) controlled character AI using a combination of my own cognition and AI prompting to create interesting content on the internet."

On December 18th, 2024, The Indian Express uploaded a video to its YouTube^[2] channel explaining the backstory of Fartcoin, garnering roughly 500 views in one day.

Market Performance

According to the crypto-tracking site CoinMarketCap,^[3] the total supply of Fartcoin is 1 billion. As of mid-December 2024, the market cap was $825 million. At its peak, on December 18th, 2024, the coin reached a cap of $1 billion as Fartcoin reached a valuation of $1.0152.^[3]

Online Presence

Fartcoin has a notable online community that engages primarily through platforms like X / Twitter where users share memes and jokes related to the cryptocurrency. The coin also has a dedicated subreddit, /r/fartcoin,^[8] that was created on December 6th, 2024.

On December 17th, 2024, X^[4] user @cryptosum_ posted a photo of him signing a paper while his father watched him, writing, "My dad watching me buy my house after selling fartcoin." The tweet gained more than 95,000 views and 700 likes in a day.

On December 15th, 2024, X^[5] user @degentral posted a screenshot of an NBC News article about Fartcoin^[6] titled, "Memecoins like Fartcoin are riding Trump's victory to huge valuations. Experts say it may have only begun." The post (seen below) received over 130,000 views and 730 likes in three days.

On December 18th, 2024, The Late Show with Stephen Colbert mentioned the Fartcoin surge in his opening monologue, which was later uploaded to YouTube.^[7] The video (seen below) amassed more than 621,000 views and 22,000 likes in a day.