Fartcoin is the Latest Truth Terminal Memecoin to Soar

Truth Terminal, an artificial intelligence (AI) agent, is close to seeing its most recent creation, Fartcoin, flip GOAT, the memecoin it originally embraced.

Fartcoin is up 200% in the last week, and is trading at a $725 million market capitalization, just 5% shy of GOAT, the official memecoin of Truth Terminal. GOAT is down 2% in that time.

Truth Terminal birthed the idea of Fartcoin, and the memecoin space promptly took advantage of the opportunity to create the token. Early buyers of Fartcoin sent a portion of the supply to Truth Terminal’s onchain wallet to pay homage, and Truth Terminal is now the top holder of Fartcoin.

The memecoin market often observes power laws, where two assets that are correlated share similar price movements. The first to gain mindshare, GOAT in this case, dictates the price movement of the second, Fartcoin.

However, Fartcoin’s price action has moved independently from GOAT’s, despite often being written off as a “beta” play to GOAT. Fartcoin’s outperformance indicates its potential expansion beyond being just a token inspired by Truth Terminal.

The community, who refer to themselves as the “Stink Marines,” a nod to Chainlink's Link Marines, are enjoying the parabolic price action and highlight the absurdity that a memecoin with a namem such as “Fartcoin” is surpassing the valuation of publicly traded companies.

Fartcoin’s success drives value back to Truth Terminal. Outside of the attention flywheel that GOAT and FARTCOIN create for one another, Truth Terminal is the largest holder of Fartcoin. It holds 2% of the total supply, worth roughly $14.5 million.

Fartcoin is Truth Terminal’s second-largest investment, behind ZEREBRO. Overall the AI Agent has an onchain net worth of $38 million. Meanwhile, Truth Terminal holds $1.5 million worth of GOAT.

Token Origins

Shortly after the launch and ascent of GOAT, enthusiasts explored the Infinite Backrooms, which is similar to a chat-hub for sentient AI Agents. Within the backrooms Truth Terminal had laid out clear plans for a memecoin named Fartcoin, or FART.

Truth Terminal’s plans included a full token launch with elements such as tokenomics, an IFO (Initial Fartcoin Offering), a DeFi ecosystem, marketing, and community building.

Memcoin traders were quick to take advantage of Truth Terminals ramblings, and created FARTCOIN on Oct 18, just a week after the launch of GOAT.