Fartcoin Reclaims $1 Billion Market Capitalization

Fartcoin’s market capitalization has cracked $1 billion again.

The memecoin’s market cap is currently $1.071 billion, up 20.6% in the past 24 hours as it trades above $1 for the first time since January.

This morning, it briefly flipped Bonk for the No. 5 slot among memecoins. Bonk is now up to $1.103 billion, surging 14.5% amid a sector-wide rally.

Of the top five memecoins, TRUMP is up almost 8% in the past 24 hours, while PEPE trades above $3.5 billion, up 8.4%. Shiba Inu (SHIB) is at a $7.8 billion market cap, up 6.3%. And top memecoin Dogecoin (DOGE), with a market cap of $25.6 billion, is up almost 9%.

Fartcoin has been outperforming the memecoin market dramatically of late. It is up almost 30% over seven days and an astounding 120% over the last month. Its closest competitor in the top 10 memecoins is PEPE, up a comparatively anemic 17.2% over 30 days.

It’s worth noting, however, that Fartcoin remains nearly 60% below its all-time high from January during the peak of memecoin mania.

Fartcoin was birthed by Truth Terminal, the AI agent funded by a $50,000 grant from venture capitalist Marc Andreessen.

Fartcoin’s resurgence comes after memecoins were widely pronounced dead following the MELANIA and LIBRA debacles. The latter involved Argentine President Javier Milei boosting a memecoin on his X account, setting off a brief frenzy followed by a crash.

At the time, Castle Island Ventures general partner Nic Carter said “memecoins are unquestionably over” in a Feb. 19 X post. “There will still be launches and probably winners, but the meta is done,” Carter said.