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CAP

Fake Market Cap, or $CAP, is a conceptual artwork focusing on the speculative cryptocurrency market and meme coins, created by Sterling Crispin. This unique piece of art is an ERC-20 coin on Ethereum with a fixed supply of 420,690,000 coins. Interestingly, each time a $CAP coin is transferred, the publicly reported total coin count increases exponentially, though the actual supply remains unchanged.

This peculiar characteristic of $CAP allows the calculated market cap to exceed any reasonable measure, beyond BTC, ETH, and the global economy. The Fully Diluted Value however shows the true measure of the total value of the coin.

It's important to note that $CAP is not an investment opportunity or a typical utility token. Instead, it's an artwork and an experimental smart contract, part of a series called Not Audited. The purpose is to push boundaries, either technically or through absurdity. It's akin to Wiiides, a project from the same series that increases the width of CryptoPunks with every transfer.