FartCoin, reaching a market cap of $1.08 billion, has recently overtaken BONK to become the second-largest memecoin on the Solana blockchain. The growing interest in FartCoin shows changing dynamics within Solana’s crypto community. This achievement marks a significant shift in the Solana meme coin ecosystem, highlighting FartCoin’s sudden rise in popularity and market capitalization.
FartCoin and BONK Market Movements
FartCoin’s price recently soared to $1.05, marking a 12-week high after a wave of whale purchases of over $5.5 million. These investments, averaging roughly $1.09 per token, helped FartCoin break out from a period of consolidation. The 20-day exponential moving average (EMA) and the 50-day simple moving average (SMA) are showing positive movement, indicating that the FartCoin price may soon challenge resistance levels.
In comparison, the BONK price and trade volume have remained low, showing FartCoin’s emerging superiority in the Solana meme coin space. Meanwhile, the Solana meme coin market cap increased by 9% to reach $6.78 billion, mostly led by FartCoin.
Not only this, but FartCoin’s monthly gains of approximately 112.64% sharply contrast with BONK’s stagnant performance.
While BONK’s trading volume and price have remained relatively stable, FartCoin has experienced high on-chain demand and a massive buildup by whales. Meanwhile, the Trump coin continues to hold the top rank among Solana meme coins, but FartCoin’s ascent implies a shift in the market hierarchy.
Community and Market Impact
Many believe that breaking the resistance levels will lead to surpassing the all-time high (ATH). FartCoin’s development is powered by a dynamic community that lives on comedy, memes, and active involvement.
Over 50,000 wallets already hold the token, with users exchanging jokes, voting on project updates, and engaging in unique activities like meme contests and NFT drops. The project’s characteristic “fart sound” gas cost and social-driven rewards keep engagement high.
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