Key Takeaways
- Fartcoin reaches $1 billion market cap in less than two months, entering the top 10 meme coins by market cap.
- Truth Terminal's Infinite Backrooms Talks Fueled Fartcoin's Rise Amid Broader Market Decline.
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Fartcoin, the meme coin inspired by discussions in Truth Terminal's “Infinite Backrooms” chat rooms, has reached a market cap of $1 billion, according to GeckoTerminal data.
This milestone comes despite the broader crypto market slump following the Hawkish stance at Federal Reserve on interest rate policies next year.
The token's market value has since rebounded to over $870 million, with more than 47,000 holders involved in the project that launched less than two months ago.
The rapid growth has placed Fartcoin among the top 10 meme coins by market cap, overtaking established tokens like PNUT and Popcat, according to CoinGecko Database.
Truth Terminal has been instrumental in the rise of Fartcoin through its viral meme discussions in the Infinite Backrooms chat rooms, where initial interest in the token began to build.
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