{"id":126675,"date":"2025-04-08T05:16:30","date_gmt":"2025-04-08T05:16:30","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126675"},"modified":"2025-04-08T05:16:30","modified_gmt":"2025-04-08T05:16:30","slug":"wall-street-is-suffering-a-stinky-meltdown-while-fartcoin-is-up-30","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126675","title":{"rendered":"Wall Street is suffering a stinky meltdown while Fartcoin is up 30%"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsWhile crypto and stock markets are deep in the red this week, one memecoin is defying the trend and surging at the time of writing.\u00a0<br \/>\nFartcoin (FARTCOIN) has surged a whopping 30% over the past 24 hours, topping $0.60 on April 8, according to CoinGecko.\u00a0<br \/>\nOn April 7, the Solana-based memecoin hit a low of $0.42 amid the broader crypto market slump, which saw Bitcoin (BTC) prices fall below $75,000 to a five-month low.\u00a0<br \/>\nHowever, since then the token has gained more than 40% and is one of the crypto market\u2019s top performers at the moment.\u00a0<br \/>\nCrypto trader \u201cRookieXBT\u201d told their 484,000 followers that Fartcoin volume was increasing \u201cwhile the world falls apart,\u201d adding, \u201cNo other coin is doing this.\u201d\u00a0<br \/>\nThe financial parody account \u201cNot Jerome Powell\u201d quipped, \u201chot air rises,\u201d noting that every asset was down aside from Fartcoin.\u00a0\u00a0<br \/>\nStock markets across the globe slumped on April 7 in reaction to Donald Trump\u2019s sweeping trade tariffs.\u00a0<br \/>\nS&amp;P 500 tanked almost 10% over the past week. Source: Google FinanceThe Fartcoin token, which launched in October with no utility, has defied the markets several times before by bouncing upward when other assets have tanked.\u00a0\u00a0\u00a0<br \/>\nBitcoin dumped 6% on April 3 in a fall from above $87,000 to around $81,500. Fartcoin was one of the first to recover, surging 36% the following day.\u00a0<br \/>\nAdditionally, the token saw its market capitalization top $1 billion in December during a wider slump for altcoins.\u00a0<br \/>\nGoldbug Peter Schiff responds to Fartcoin prices. Source: XIt hit an all-time high of $2.48 during the peak of the memecoin frenzy in mid-January. However, it has since retreated 76% from those levels as the memecoin bubble burst.\u00a0<br \/>\nOther memecoins also bounce upward<br \/>\nA related Solana memecoin based on a comic book character called Fartboy (FARTBOY) is also surging, having gained 60% to top $0.03 on April 8, according to CoinGecko.\u00a0<br \/>\nHowever, this memecoin is also down 85% from its mid-February peak.\u00a0<br \/>\nRelated: Memecoins 2.0: The market crashed, but the billion-dollar circus rolls on<br \/>\nOther memecoins outperforming the wider crypto market at the moment include SPX6900 (SPX), which is up 11.5%; Cheems Token (CHEEMS), which has gained 10.5%; AI Companions (AIC), currently up 10%; and Mog Coin (MOG), which has surged 33% on the day.\u00a0<br \/>\nEven the memecoin stalwarts Dogecoin (DOGE) and Shiba Inu (SHIB) have outperformed Bitcoin over the past 24 hours.\u00a0<br \/>\nMagazine: Financial nihilism in crypto is over \u2014 It\u2019s time to dream big again<a href=\"https:\/\/cointelegraph.com\/news\/wall-street-historic-meltdown-while-fartcoin-up-30?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsWhile crypto and stock markets are deep in the red this week, one memecoin is defying the trend and surging at the time of writing.\u00a0 Fartcoin (FARTCOIN) has&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126675"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126675"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126675\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126675"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}