Fart-powered humor trumped crypto gloom as fartcoin (FARTCOIN) climbed 12% in 24 hours, clawing back losses from a Pump.fun-fueled slump earlier this week after Coinbase (COIN) added the token to its listing roadmap.
CoinGecko data shows that the move to $1.06 came on record-high $400 million trading volume, pushing the token into the top 100 by market cap.
Coinbase’s listing roadmap is a watchlist the exchange uses before activating spot trading. Although no go-live date has been set, tokens on the roadmap typically do so within weeks, and traders are betting that the same playbook will repeat.
Fartcoin’s origins are as humorous as its ticker. An anonymous Solana wallet minted 1 billion FARTCOIN on Pump.fun on Oct. 18, 2024, spending just 2 sol SOL and dumping most of the stash within 30 seconds.
The coin became a symbol of the absurd in some crypto circles and a light-hearted rebellion against the grim macroeconomic forecasts. It holds no intrinsic value, but enjoys a cult following — one that has translated into buying demand on several instances of market declines. It hit a high of $2.68 on Jan. 19, CoinDesk data show.
Fartcoin’s platform allows users to potentially submit theme-related memes or jokes to earn tokens. It features a unique transactional system where each trade produces a digital flatulence sound.
Its adherents invest in it not for the promise of utility or groundbreaking technology, but for the joy of the moment, the shared giggle over a coin whose name alone is enough to break the tension of the day.
