{"id":21026,"date":"2025-04-08T05:17:05","date_gmt":"2025-04-08T05:17:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21026"},"modified":"2025-04-08T05:17:05","modified_gmt":"2025-04-08T05:17:05","slug":"wall-street-is-suffering-a-stinky-meltdown-while-fartcoin-is-up-30","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21026","title":{"rendered":"Wall Street is suffering a stinky meltdown while Fartcoin is up 30%"},"content":{"rendered":"
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\"Wall<\/p>\n

While 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<\/p>\n

Fartcoin (FARTCOIN<\/a>) has surged<\/a> a whopping 30% over the past 24 hours, topping $0.60 on April 8, according to CoinGecko.\u00a0<\/p>\n

On April 7, the Solana-based memecoin hit a low of $0.42 amid the broader crypto market slump, which saw Bitcoin (BTC<\/a>) prices fall below $75,000 to a five-month low.\u00a0<\/p>\n

However, since then the token has gained more than 40% and is one of the crypto market\u2019s top performers at the moment.\u00a0<\/p>\n

Crypto trader \u201cRookieXBT\u201d told<\/a> their 484,000 followers that Fartcoin volume was increasing \u201cwhile the world falls apart,\u201d adding, \u201cNo other coin is doing this.\u201d\u00a0<\/p>\n

The financial parody account \u201cNot Jerome Powell\u201d quipped<\/a>, \u201chot air rises,\u201d noting that every asset was down aside from Fartcoin.\u00a0\u00a0<\/p>\n

Stock markets across the globe slumped on April 7<\/a> in reaction to Donald Trump\u2019s sweeping trade tariffs.\u00a0<\/p>\n

\"Wall
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S&P 500 tanked almost 10% over the past week. Source: <\/em>Google Finance<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

The 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<\/p>\n

Bitcoin 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<\/p>\n

Additionally, the token saw its market capitalization top $1 billion<\/a> in December during a wider slump for altcoins.\u00a0<\/p>\n

\"Wall
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Goldbug Peter Schiff responds to Fartcoin prices. Source: <\/em>X<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

It 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<\/a>.\u00a0<\/p>\n

Other memecoins also bounce upward<\/h2>\n

A 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<\/a> to CoinGecko.\u00a0<\/p>\n

However, this memecoin is also down 85% from its mid-February peak.\u00a0<\/p>\n

Related: <\/strong><\/em>Memecoins 2.0: The market crashed, but the billion-dollar circus rolls on<\/strong><\/em><\/a><\/p>\n

Other 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<\/p>\n

Even the memecoin stalwarts Dogecoin (DOGE<\/a>) and Shiba Inu (SHIB<\/a>) have outperformed Bitcoin over the past 24 hours.\u00a0<\/p>\n

Magazine: <\/strong><\/em>Financial nihilism in crypto is over \u2014 It\u2019s time to dream big again<\/strong><\/em><\/a><\/p>\n