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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.
Fartcoin (FARTCOIN) has surged a whopping 30% over the past 24 hours, topping $0.60 on April 8, according to CoinGecko.
On April 7, the Solana-based memecoin hit a low of $0.42 amid the broader crypto market slump, which saw Bitcoin (BTC) prices fall below $75,000 to a five-month low.
However, since then the token has gained more than 40% and is one of the crypto market’s top performers at the moment.
Crypto trader “RookieXBT” told their 484,000 followers that Fartcoin volume was increasing “while the world falls apart,” adding, “No other coin is doing this.”
The financial parody account “Not Jerome Powell” quipped, “hot air…more
Source cointelegraph.com
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