CMC News

$FARTCOIN Drops 28% Weekly as Prediction Markets Turn Bearish

The meme token has fallen 37% this month, with traders giving it just 20% odds of hitting new highs before year-end. $FARTCOIN currently trades at $0.61, marking a dramatic 75% decline from its January peak of $2.48.

Prediction market users on #Myriad have grown increasingly pessimistic about the Solana-based token's prospects. The platform shows odds dropping from 33% to 20.5% since Sept. 11, reflecting diminishing confidence in a potential recovery rally.

The flatulence-themed #cryptocurrency emerged through   #Pump.fun in October 2024, initially inspired by #AI agent Truth Terminal's social media commentary. Its meteoric rise captured mainstream attention, even earning a mention on "The Late Show with Stephen Colbert" during its peak momentum period.

$FARTCOIN reached its all-time high alongside $SOL's January surge, coinciding with President Trump's official meme coin launch on the blockchain. However, the token has since lost substantial ground in both price and social relevance across crypto communities.

Data from   Cookie.fun indicates the token's mindshare has plummeted from over 2% at its peak to just 0.39% currently. This metric combines on-chain activity with social media sentiment to gauge community engagement levels.

The broader #meme coin sector faces similar headwinds, declining 7.6% in 24 hours, according to market data. Popular tokens, including $PENGU, $PUMP, and $MOG, have all experienced significant weekly losses during this downturn.

Leading meme cryptocurrency $DOGE has dropped 11% over the past week. The sector-wide decline reflects shifting investor sentiment away from speculative digital assets toward more established cryptocurrencies in the current market environment.