Fartcoin (FART) rallies 300% in a month, outperforming traditional assets

From Yahoo Finance: 2025-04-12 12:08:00

In April, global markets experienced extreme volatility due to escalating U.S.-China tensions, leading to panic selling of various assets.

Amid this chaos, Fartcoin (FART), a Solana-based memecoin, defied the odds by rallying almost 90% in a week and 300% in a month, outperforming traditional assets and most of the crypto market.

Fartcoin’s success comes in contrast to other cryptocurrencies like bitcoin (BTC), which remained flat, and altcoins like ether (ETH) and XRP, which saw declines.

Despite its lack of utility or scarcity, Fartcoin’s rise showcases the speculative nature of memecoins, driven by social media hype and short-term trading momentum.

Launched in October, Fartcoin quickly gained popularity through Truth Terminal, an AI agent, and reached a market cap of nearly $2.5 billion by mid-January before crashing with the broader crypto market.

Fartcoin’s recent resurgence, decoupled from other meme tokens, signifies a potential return of risk-on sentiment in markets and serves as a barometer for broader risk assets, according to industry experts.

The unpredictable rise of Fartcoin highlights the dominance of virality over fundamentals in today’s market, emphasizing the speculative nature of meme coins in the new financial landscape.



Read more at Yahoo Finance: Fartcoin Rallies Absurd 300% Defying Global Market Carnage