Solana meme coin Fartcoin hits $1 billion market cap

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Key Takeaways

Fartcoin reaches $1 billion market cap in under two months, entering the top 10 meme coins by market cap.
Truth Terminal’s Infinite Backrooms discussions fueled Fartcoin’s rise amid broader market downturns.

Fartcoin, the meme coin fueled by discussions in Truth Terminal’s “Infinite Backrooms” chatrooms, has reached a $1 billion market cap, according to GeckoTerminal data.

This milestone comes despite the broader crypto market’s downturn following the Federal Reserve’s hawkish stance on next year’s interest rate policies.

The token’s market value has since pulled back to hover above $870 million, with more than 47,000 holders participating in the project that launched less than two months ago.

The rapid growth has positioned Fartcoin among the top 10 meme coins by market cap, overtaking established tokens like PNUT and Popcat, according to CoinGecko data.

Truth Terminal has been instrumental in Fartcoin’s rise through its viral meme-driven conversations in Infinite Backrooms chatrooms, where initial interest in the token began building.