At first, many well-known crypto websites referred to FARTCOIN as an AI Agent token, but it actually started as a joke from the AI Truth Terminal. The Truth Terminal was tasked with coming up with a meme that would connect with the crypto crowd, leading to the creation of FARTCOIN, which is now the biggest AI memecoin in the world.
Learn more about Fartcoin
FARTCOIN was launched on October 18, 2024, via Pump.fun and has been steadily gaining traction, thanks in part to its loosely associated creator, Goatseus Maximus. The token (CA: 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump) has a cap of 1 billion tokens and currently boasts over 100,000 holders.
Some people mistakenly believe that FARTCOIN has a token supply of 69,420,000, which actually stems from a suggestion by Truth Terminal regarding a launch strategy. The true maximum supply is indeed 1 billion tokens.
The Sell Off
In late January 2025, a significant drop in FARTCOIN’s value was sparked by Andy Ayrey, the founder of Truth Terminal. He executed an over-the-counter (OTC) trade, offloading over $20 million worth of FARTCOIN to establish a foundation fund for Truth Terminal. Since Truth Terminal inspired the creation of FARTCOIN, it received more than 20 million tokens at launch, which was likely part of a marketing strategy.
Regardless of Andy’s motives, his OTC sale, combined with a general downturn in the crypto market, led to FARTCOIN plummeting to $0.60. As of now, this coin seems to be bouncing back from this sell-off, but it’s uncertain whether it will make a full recovery.
Conclusion
It highlights the lighthearted side of the crypto world, reminding us that amidst all the serious AI tokens, there’s room for a fun and silly concept. It’s important to note that FARTCOIN is a highly unstable memecoin meant purely for laughs and shouldn’t be taken seriously at all. This article aims to showcase the absurdity of the crypto community and hopefully brings a smile to your face as you read. Just a heads up, this piece is definitely not financial advice in any way!