💨 Fartcoin Blows Past $1 Billion: Smells Like Success

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In yesterday’s edition, I told you, “Can’t fade Fartcoin,” remember? Well, the coin decided to literally prove that statement overnight.  

Over the past few hours, it surpassed $1 price-wise and $1 billion market cap-wise. What’s more? It flipped ai16z and is now the LARGEST AI meme coin. 

All eyes were also on the Fed, its 25-basis-point rate cut, and announcements that signaled that we might see fewer slashes than expected in 2025. Then Powell went on to state that the Fed is “not allowed” to hold BTC as a reserve. 

The kneejerk reaction: There was blood all over the streets. BTC and alts started dumping, but… Fartcoin was the only coin pumping. Of all days, it chose yesterday to go on and script an ATH — like a true rebel. 

Icing on the cake? The coin has started bagging in CEX listings too. Exhibits: Kucoin and Binance Alpha. 

People have started associating Fartcoin with a safe-haven hedge and the TradFi guys ain’t able to cope.

As if this wasn’t enough, UFD i.e. Unicorn Fart Dust has also managed to gain the limelight with its rally. In fact, it has a fun backstory. If you ain’t aware, you can check it out here.

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BTC/USD 1D 

Bitcoin traded in a range from late November that we broke out of on Sunday into a new all-time high. To maintain the current uptrend, ideally, we don’t want to start closing back inside this range (like we did yesterday on the 1D chart). Today the 3D candle closes — I’d like to see it close above 101k (above the range high).

Up top, you can see we wick to the upside into the red area, which represents the 1.618 Fib extension on the current high timeframe move from the $49k low on August 5. If we can start closing above there, then $120k is the next target at the 2.0 extension.

What is of concern is that BTC has been following M2 global liquidity very closely with an eleven week lag. This is a correlation that we need to break, not least because M2 has been pulling back for the last 11 weeks. 

If we can’t we may be due for a multi-week correction. Trump’s election and an improved regulatory crypto outlook may diminish the damage this would otherwise cause. 

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

The town is OBSESSED with Fartcoin, to say the least. Its sentiment and mindshare are hovering around ATHs. It's in its own market right now.

On the other hand, social sentiment for ETH is at its most negative since December 18, 2023. 

Now ETH price and sentiment have historically shared an inverse bond with each other. If we’re to stick to past precedents, the current scenario serves as a classic bullish indicator. 

Last time when the sentiment hit rock bottom, ETH ended up rallying by 30%. Something might be cooking, anon. Pay heed. 

Anon, the wait is finally over. The Sophon team has shipped its mainnet. 

You might now ask me, why should this launch excite you? Well, the team’s mission is to redefine on-chain experiences and give them a complete makeover. 

How are they gonna do it? By bringing entertaining experiences to you, the consumer. While the dev team has worked day and night to ensure the chain is highly scalable and interoperable, the masses don’t care about the technicals. They only care about experience and convenience. 

Guess what? Sophon has taken care of that too. In fact, the cherry on the cake — it has bagged partnerships with projects and protocols across multiple verticals. Typically, they span across betting, gaming, SocialFi, DeFi, casinos, and ticketing. Yuh-huh, all the big names right from Beam, Azuro, and Aethir, to Avail, and OPEN Ticketing are in the loop.

The infra, tie-ups, and vision Sophon brings to the table ain’t just a testament to its ambition, but a clear signal that the industry is maturing. The focus is shifting from “how” things work to “why” they matter, and Sophon is leading that charge.

As we move into 2025, it’s not just about being early to the next hype cycle — it’s about recognizing projects that have the potential to bring the masses on-board. Sophon might just be the gateway for consumer crypto to finally step into the limelight. Be on guard; Sophon could redefine how we interact with the Internet.

Check out our complete guide to know more. Parallelly, keep an eye out on our articles section too, we’ll soon be releasing another deep-dive piece about why Sophon is poised to be the network for the masses.

The important bits.

• Karak unveils its “global base layer” to allow everyone — from indie developers to nation states — create specialized blockchain networks

• Io.net joins the Dell Technologies Partner Program

• Vyper to receive a 50k POL grant from Polygon Foundation

• The Open Platform launches TON Space self-custody wallet

Even more important bits.

• El Salvador’s Bitcoin gamble faces reality check in IMF loan negotiations

• Fartcoin surpasses $1 billion market cap as Bitcoin, alts struggle post-FOMC

• Ark Invest sells $3.9 million worth of Coinbase shares

• Hawk Tuah memecoin investors sue promoters over registration

Charts and stats of the day.

• The fully diluted market cap of Reflexer is up ~4x in the past month 

• 72% of PENGU claimers have sold or moved their entire allocation

  

  Source

Zerebro is back at near-range lows and below the quarterly VWAP. This feels like a mispricing at this point, given all the near-term catalysts that will put it in the category of AI agent platform and development framework.

Fartcoin is now 2x the market cap of GOAT - the OG agent meme that it is a derivative of. I guess there is a lot of power in the ticker. Nothing commands attention like a billion-dollar fart made by an AI. Blocmates Discord members have done extremely well with this coin — Grant was the first to call the billion-dollar target.

Life gets busy so here’s what you’ve missed.

Retire by 2030 before AI takes over

Podcast

Grant is joined by Raoul Pal, the man himself, to discuss where we are in the current crypto and macrocycle.

They talk about the crypto memecoin cycle, why cycles tend to look the same, how to profit and time the market top, plus Raoul's theory of 2030 being the inflection point for humanity and AI. They also delve into Bitcoin and Ether price predictions for 2025. 

Tune in on Spotify | YouTube 

• Polytrader (autonomous prediction market companion)

• Side Protocol (Bitcoin-compatible PoS L1 blockchain)

• UngateAI (protocol for AI agents to discover, communicate, and coordinate with each other)

To save you doom scrolling.

Kids, this is what FOMC actually stands for — okay?

BTC has dipped below $98k and liquidations are happening left, right, and center. I just have one piece of advice — corrections are merely litmus tests of conviction. Oftentimes, we let ourselves get harassed by the noise of others’ half-baked opinions and tend to give in during times of adversity because that seems like the easiest way out. 

Don’t let random hoots shake your ground. HODL! 

stay safe homies,

Lavina 🫡