Solana meme coin Fartcoin (FARTCOIN) has surged 21% in the past 24 hours, achieving a market cap of $1.08 billion and securing its place among the top five meme coins by market cap. This rise has allowed Fartcoin to surpass the legacy meme coin Bonk (BONK) and is now positioned just $700 million behind Official Trump (TRUMP) for the top spot among Solana-based meme coins. The coin was developed by an AI known as Truth Terminal, which previously gained attention for its humorous social media presence. Following a significant grant from venture capitalist Marc Andreessen, Fartcoin has seen dramatic growth, recovering from a low point in March while outperforming other assets like Bitcoin in the same timeframe. The meme coin market is currently led by Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), with Fartcoin poised to challenge for a higher ranking soon.

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