I am convinced we are in the very early days of the next cultural movement in crypto. #fartcoin pic.twitter.com/9vV5IBC0MW
— DGMD (@DGMD22) December 15, 2024
Daily Debrief Newsletter


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-5.72%Reading
Dogecoin and other leading meme coins are down over the past day, cooling off alongside major cryptocurrencies just one day after Bitcoin pushed to a new all-time high price above $108,000. But one recently hot meme coin is bucking the trend.
Despite the doom and gloom elsewhere in the market, Fartcoin (FARTCOIN) just keeps rising. It's up 13% over the last 24 hours at a current price of $0.933, per data from CoinGecko, dipping slightly after climbing to a new all-time high price above $0.95 on Wednesday morning and nearing a $1 billion market cap.
Inspired by flatulence and buoyed by a community of degen traders spouting catchphrases like "Hot air rises" and "All gas no brakes," Fartcoin has gained both value and prominence in the last couple weeks following its launch in October.
Fartcoin, a flatulence-themed meme coin on the Solana blockchain, rose to a new all-time high price above $0.52 on Wednesday, topping the previous high set overnight with a market cap of over $520 million. As of this writing, Fartcoin (FARTCOIN) has seen a 69% increase in the last 24 hours and a 154% gain in the last seven days. Its price jump comes amid a broader gain in the AI sector, and particularly AI-related meme coins, a category that has climbed more than 20% in the last 24 hours. That...
Fartcoin recently became a popular target for traditional investors mocking the more inane corners of the crypto world, pointing to its dramatic surge in value compared to other types of investments. But that mockery only appeared to fuel the Solana meme coin, prompting viral social media posts and plenty of chatter over the goofy token.
The meme coin has nearly doubled in price over the last seven days amid the surge in attention, rising 96% during that span.
I am convinced we are in the very early days of the next cultural movement in crypto. #fartcoin pic.twitter.com/9vV5IBC0MW
— DGMD (@DGMD22) December 15, 2024
But FARTCOIN is an outlier in the current market, with Dogecoin leading a red streak up and down the meme coin charts.
DOGE, the original and most valuable meme coin by market cap, has fallen by more than 5% over the last 24 hours at a current price of $0.383. It's down substantially after touching a three-year high price of $0.48 just over a week ago, hitting a weekly low of just above $0.38 overnight.
Other major meme coins are down too, with Shiba Inu (SHIB) falling 6%, Pepe (PEPE) and Bonk (BONK) down 8%, and Bitcoin Runes token DOG•GO•TO•THE•MOON down 10% in the last day after setting an all-time high price just one week ago.
Broadly, the crypto market is down 5% over the past day, with Bitcoin dipping 3% to a current price of $104,325.
It's been one year since Bitcoin had its quadrennial halving event, which usually sends the price soaring. But while it's true that Bitcoin rose to an all-time high in the months following the latest halving in April 2024, the percentage spike has not been nearly as sizable as in past cycles. Data provider Kaiko told Decrypt that though the biggest coin's price is indeed up, macroeconomic factors have hindered it from making the same kind of gains. In the report, Kaiko said that at recent level...
Another day, another crypto ETF filing. This time, a crypto asset manager is trying its luck with a fund that, if approved, would give investors exposure to Near Protocol. A Thursday filing in the State of Delaware shows that paperwork to launch a NEAR ETF has been filed by Bitwise. Filing with the State of Delaware is the first step in getting such a product approved. The asset manager still has to file with the Securities and Exchange Commission to get the process officially moving. Near Pr...
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Twenty One Capital makes a huge Bitcoin operating company splash, CME is entering the XRP futures chat, and investors show love for a little-known company that’s started buying Solana. Nineteen, Twenty, … There’s a lot of fuss being made over Twenty One Capital, a new Bitcoin treasury company involving $146 billion stablecoin issuer Tether, crypto exchange Bitfinex, and Wall Street giant...