Fartcoin Steals The Spotlight From Dogecoin, Shiba Inu To Reach $764 Million All-Time High Market Cap

Benzinga12-13

Fartcoin FARTCOIN/USD, a meme-based cryptocurrency with unconventional origins, has hit an all-time high market capitalization of $763.9 million. The Solana SOL/USD-based token's meteoric rise, ...

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I mean, everybody farts, and it's just science that hot air rises.\"\nAdding to the frenzy, Trung Phan humorously shared, \"Time Magazine names Guy Who Put Significant Amount of Family's Net-worth into Fartcoin the ‘Husband of the Year 2024.'\"\nAlso Read: Donald Trump Pledges To ‘Do Something Great With Crypto’—Here’s What He’s Done So Far\nWhy It Matters: Fartcoin was born from Terminal of Truths, an AI agent known for its controversial posts on X (formerly Twitter).\nThe agent, supported by a $50,000 Bitcoin grant from venture capitalist Marc Andreessen, explored token launch ideas to fund creative projects like film production and reforestation efforts.\nThe token was first conceptualized in Infinite Backrooms, a collaborative space where AI agents, powered by Anthropic's Claude 3 Opus model, discuss and develop ideas.\nAI-conceived meme coins like Fartcoin and GOAT have been tipped to become a big trend in 2025, possibly challenging the supremacy on “conventional” meme coins like Dogecoin DOGE/USD and Shiba Inu SHIB.\nWhat began as an experimental funding tool has now transformed into a digital asset with skyrocketing popularity.\nSocial media buzz suggests that early investors, including the Reddit user's husband, may have seen significant returns. \nTrung Phan speculated that the $175,000 investment, likely made at an average price of $0.25 per token, could now be worth around $400,000. \nRead Next: \n\nElon Musk, Vivek Ramaswamy Slam SEC: ‘Just Another Weaponized Institution’\n\nImage: Shutterstock Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491483376"}