Solana meme coin Fartcoin hits new all-time excessive, market cap tops $1.5B

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Key Takeaways

Fartcoin reached a market cap of $1.5 billion inside two months of its launch.
The token surged over 600% up to now month and is the fifth-largest meme token on Solana.

Fartcoin, the Solana-based meme coin originated from AI bot Reality Terminal, reached a brand new record-high on Friday, pushing its market cap to $1.5 billion in lower than two months of launch, in accordance with CoinGecko knowledge.

The token’s worth elevated 9% to $1.5 up to now 24 hours, registering weekly positive factors of 44%. FARTCOIN has surged over 600% up to now month, at the moment rating because the fifth-largest memecoin on the Solana blockchain. Its market capitalization trails solely Bonk (BONK), ai16z (AI16Z), Pudgy Penguins (PENGU), and dogwifhat (WIF).

FARTCOIN is now the second-largest AI meme coin, following AI16Z, which just lately grew to become the primary AI token on Solana to surpass $2 billion in market cap. If the bullish momentum extends, Fartcoin will quickly be a part of AI16Z within the $2 billion membership.

The rally comes amid a significant surge throughout AI meme cash over the previous week, which has propelled the market worth of the area of interest sector to over $10 billion.

Different AI-themed tokens additionally posted substantial positive factors, with AI16Z rising 164%, Zerebro (ZEREBRO) advancing 82%, Goatseus Maximus (GOAT) climbing 26%, aixbt (AIXBT) gaining 54%, and Freysa AI (FAI) rising 93%.