Fartcoin (FARTCOIN) price surges over 370% from its yearly low, outperforming Bitcoin (BTC)

These are the five key reasons why FARTCOIN is rising faster than top cryptocurrencies.

In October 2024, a Solana-based memecoin called Fartcoin (FARTCOIN) has soared over 370% from its yearly low, outperforming Bitcoin (BTC) even as global trade tensions weigh on broader risk assets.

Here are five key reasons why FARTCOIN is rising faster than top cryptocurrencies.

Pepe (PEPE) spawns copycat hype with Apex Legends character

FARTCOIN’s recent surge resembles the early stages of Pepe’s (PEPE) memecoin saga.

In 2023, PEPE clocked a rapid ascent to a $1.8 billion market cap before crashing down to $255 million, according to the PEPE/WETH weekly chart.

From there, it bottomed out, consolidated, and then entered a second, even more powerful rally that carried it beyond a $4 billion valuation.

The euphoric pump, harsh correction, and quiet accumulation phase look similar to what FARTCOIN is showing now.

The Solana memecoin peaked near $2.4 billion earlier this year before undergoing a brutal drawdown. Its valuation dropped to around $365 million, forming a rounded bottom pattern.

From there, FARTCOIN has steadily climbed back, reaching about $949 million this week. That is strikingly similar to PEPE’s post-hype accumulation phase in 2023.

“I genuinely think there’s a chance Fartcoin repeats the PEPE playbook and pulls some crazy multiples from here,” wrote market analyst MacroCRG, citing the PEPE memecoin fractal.

Fartcoin's social media hype spikes 500%

FARTCOIN appears to be benefitting from a fresh wave of speculative mania, with social media metrics highlighting a sharp rise in online activity.

FARTCOIN’s social volume (orange line) surged by nearly 500% in early April, preceding its 100%-plus gains in the month, according to data resource LunarCrush.

As of April 17, the engagement had cooled slightly, albeit remaining elevated at 177% above baseline.

Social dominance (purple) and social contributors (blue) have both trended higher, up 162% and 136%, respectively.

Rising social media activity in crypto markets often correlates with increased speculative interest, particularly in meme-driven assets.

While not a guaranteed indicator of future price action, a surge in social metrics can reflect growing community engagement and heightened visibility, factors that are now coinciding with sharp moves in FARTCOIN.

Fartcoin OI jumps over 500%

FARTCOIN’s open interest (OI) in the futures market has jumped by around 504% so far in 2025, according to data resource CoinGlass. A rising OI indicates a massive influx of capital and attention from traders.

In contrast, Bitcoin’s OI has declined by 10.5% during the same period, reflecting reduced speculative interest in the leading crypto asset.

Adding to the bullish case, FARTCOIN’s funding rates have remained largely positive throughout April, showing that more traders are betting on the price going up than down.

Periods of negative funding rates in the FARTCOIN futures market have consistently aligned with disproportionately large short liquidations, highlighting the risks of betting against this popular memecoin.

A clear example occurred on April 9, when FARTCOIN’s eight-hour funding rate plunged to -0.023%, signaling a wave of bearish sentiment as traders aggressively shorted the token.

But in a classic short squeeze, FARTCOIN surged by nearly 50% the same day, triggering $9.16 million in short liquidations, compared to just $2.52 million in longs.

This stark imbalance underscores a growing pattern: When too many traders lean bearish, FARTCOIN often moves sharply against them.

As a result, short sellers appear to be treading carefully, as excessive pessimism has repeatedly backfired, turning negative funding into a setup for explosive upside moves.

Fartcoin is founderless and its tale is bizarre

FARTCOIN's rise isn't fueled solely by meme hype but also by a unique narrative that blends AI innovation with internet absurdity.

New Zealand-based AI researcher Andy Ayrey created an AI agent called the Terminal of Truth, which conceived Fartcoin as part of an experiment in merging artificial intelligence with blockchain humor.

This unusual origin story has traders placing it within the "AI startup" category.

"Unlike most AI plays, it lives free of the execution risks and technical complexity of infra tokens *and* free of the fatigue and noise around tokenized agents," wrote analyst Ben in December 2024, adding:

"It’s also got a ludicrous, absurdist angle that people are enjoying. Maybe too