While cryptocurrency and stock markets experienced severe declines in the past week, one meme coin has moved against the trend and shown significant growth. According to market data, Fartcoin (FARTCOIN) on the Solana network has surged over 33% in the past 24 hours, reaching $0.58. It’s worth mentioning that this token had dropped to a local low of $0.42 on April 7 when the price of Bitcoin also dropped below $75,000. Since then, Fartcoin has grown nearly 40% and currently holds one of the best performances in the cryptocurrency market. A crypto trader named RookieXBT mentioned that Fartcoin’s trading volume is increasing while the world is experiencing a crash. This token, which was introduced in October without any specific utility, had previously moved against the downward market trends. For instance, on April 3, when Bitcoin dropped by 6%, Fartcoin had a 36% surge the next day. Also, in December, this token’s market value exceeded $1 billion while other altcoins were plummeting. Fartcoin reached a historical high of $2.48 at the peak of meme coin frenzy in January, but has since dropped by 77%. Its associated meme coin, Fartboy (FARTBOY), has also grown approximately 62% in the past 24 hours, reaching $0.03, although it has decreased by 85% from its historical peak in February. You can track the prices of all tokens and cryptocurrencies live on the momentary price page.
