As soon as a darling of the current Solana meme coin insanity, flatulence-themed token Fartcoin (FARTCOIN) is down practically 28% within the final week to a present worth beneath $0.61—over 75% off its January all-time excessive of $2.48.
The token’s continued downward spiral has predictors on Myriad giving little hope of a brand new all-time excessive earlier than the 12 months ends, with odds standing at simply 20.5% in favor of an enormous year-end run for the meme coin. The present file stands at $2.61.
That represents a couple of 14% swing because the market opened on September 11, when predictors gave the token round a 33% likelihood of reaching a brand new excessive mark this 12 months. (Disclaimer: Myriad is a product of Decrypt‘s father or mother firm, DASTAN.)
Impressed by feedback from the AI agent and social media persona Fact Terminal, Fartcoin debuted by way of the favored Solana token launchpad Pump.enjoyable in October 2024. Just some months later, its absurdity had permeated the crypto market and conventional media, together with a point out on the Emmy-winning late night time speak present, “The Late Present with Stephen Colbert.”
After it hit the gasoline within the month that adopted its Colbert point out, Fartcoin made its all-time excessive on the identical day as Solana’s personal present peak in January, and in tandem with the launch of President Donald Trump’s official meme coin launch on the blockchain.
Since that point although, it’s fallen round 75% and misplaced practically all of its crypto mindshare based on knowledge analytics platform Cookie.enjoyable. The platform analyzes on-chain exercise and social media sentiment to derive a mindshare metric that signifies how a lot buzz it is creating amongst crypto fanatics. At its peak it was at better than 2% mindshare, that quantity now stands at 0.39%.
This week’s slide has pushed Fartcoin’s current plunge to just about 38% during the last 30 days.
Meme cash as an entire are broadly falling, with the class down 7.6% within the final 24 hours alone based on CoinGecko, dragged down by underperformers just like the Pudgy Penguins’ PENGU token, Pump.enjoyable’s PUMP token, and Mogcoin (MOG). Main meme coin Dogecoin (DOGE) is down by 11% during the last week.
