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Fartcoin Outgains Dogecoin, Shiba Inu Sunday Night—What's Going On?

Benzinga·06/02/2025 03:28:08
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Fartcoin was trading higher Sunday night, surpassing legacy meme heavyweights Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).

What happened: The Solana (CRYPTO: SOL)-based memecoin rose over 4% in the last 24 hours to a market capitalization of $1.13 billion.

The rally helped the token reduce its weekly losses, which had reached more than 21% in the last seven days.

FARTCOIN was the most successful $1 billion-plus meme coin in the last 24 hours, outperforming DOGE and SHIB, which gained 0.51% and 0.13%, respectively.

See Also: From Warren Buffett’s Berkshire Hathaway To Jeff Bezos’ Amazon — Bitcoin Is Now Outshining These Wall Street Titans

The frivolously named cryptocurrency was the most purchased token by smart money investors, according to the on-chain tracking platform Stalkchain.

FARTCOIN accumulated gravity-defying gains in April, when the rest of the market was rocked by tariff-related downturns. The momentum continued in May as the coin hit a multi-month high of $1.60.

However, the trajectory has reversed since then, in line with the rest of the market. 

Price Action:  At the time of writing, FARTCOIN was exchanging hands at $1.12, up 4.07% in the last 24 hours, according to data from Benzinga Pro

Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading.

Shutterstock/alfernec

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