AI-Themed Memecoin: FartCoin Hits All-Time High

- FartCoin surpassed $0.7 but is currently trading at $0.63 - Its market capitalization has exceeded $700 million, placing it in the top 50% of U.S. listed companies by market cap [Unblock Media] The recent surge in Fartcoin has garnered attention. This meme coin was created on the Solana blockchain and surpassed $0.7 on December 14th, currently trading at $0.63. Fartcoin's market cap has exceeded $700 million, placing it in the top 50% of U.S. publicly traded companies by market cap. Meme coins are tokens based on popular phrases, with their prices determined by community preference. Fartcoin holds a unique position through its AI theme. Over the last 7 days, the appreciation rate of AI-themed meme coins has increased by more than 20%, significantly outpacing major digital assets like Bitcoin and Ethereum. Fartcoin's success is attributed to controversy and humor. This meme coin originated from ideas proposed by the AI agent “Terminal of Truth,” utilizing the humor associated with farting to capture mainstream media attention. Moreover, BAYC co-founder Wiley Aronow assessed that "Fartcoin is the most understandable token among AI meme coins for the general public." The Terminal of Truth occupies a unique position on social media by stirring both humor and controversy. Earlier this year, it received a $50,000 grant in Bitcoin from venture capital a16z. The idea of creating a fart-themed coin was discussed on the AI chat platform “Infinite Backroom” and was eventually created through the Solana-based meme coin issuance platform, PumpFun. While Fartcoin carries high volatility and risk, it has seen a surge thanks to strong community support. Some experts caution against it, but the possibility of meme coins gaining usability through community backing, as exemplified by Dogecoin, also exists. The success and controversy surrounding Fartcoin cast a spotlight on the role and influence of meme coins in the digital asset market. Like Dogecoin, which has raised expectations as a potential payment method through Elon Musk's support, Fartcoin might also unlock new possibilities through the power of its community. President-elect Trump's presence at the New York Stock Exchange opening bell and his supportive policies towards the digital asset market have sent positive signals to investors. This has fostered the rise of several AI-themed meme coins, including Fartcoin. In conclusion, Fartcoin experiences fluctuations due to its combination of meme coin characteristics and the AI theme. Caution is advised in such highly volatile markets.