How an absurd encryption coin became the mainstream token that rises against the trend in Q1 2025

In the first quarter of 2025, the cryptocurrency market was generally sluggish, but a token called Fartcoin surged against the trend, becoming one of the few mainstream tokens to rise. This seemingly absurd and useless token not only sparked heated discussions in the crypto community but also caused a huge uproar on Wall Street.

The birth of Fartcoin originated from a conversation between artificial intelligences. In an AI agent model, a casual chat about a certain well-known entrepreneur's fondness for farting sounds triggered a chain reaction. The AI proposed creating a token named Fartcoin, and thus, this "fart coin" was born on October 18, 2024.

Although Fartcoin seems to have no practical use, it quickly attracted the attention of cryptocurrency enthusiasts. In December 2024, a mocking tweet about Fartcoin spread rapidly on social media. This tweet garnered attention because it was retweeted by a well-known venture capitalist. Although this investor did not explicitly state that they purchased Fartcoin, this "capital certification" has already become an important breakout signal.

What is even more noteworthy is that some well-known cryptocurrency investment firms and market makers have also begun to pay attention to Fartcoin. Through on-chain data analysis, community members have discovered some large purchases and active interactions, which are highly similar to the operating patterns of certain veteran hedge funds and large market makers.

A large market maker has not only included Fartcoin in its core asset allocation, but its founder has also publicly acknowledged holding this token. The involvement of this market maker undoubtedly injects strong momentum into the performance of Fartcoin, allowing it to maintain a strong rise even when the market is sluggish.

According to data statistics from a top trader, in the first quarter of 2025, most mainstream tokens experienced a significant pullback. Ethereum fell by more than 46%, Solana dropped by 24%, while sub-sectors such as AI, Layer 1, DeFi, and gaming suffered even heavier losses. However, amidst this "sea of blood", Fartcoin stood out, with a rise of 14.84% in the first quarter.

The influence of Fartcoin has not stopped at the encryption currency circle. Its rise has attracted the attention of Wall Street, where several well-known investors and analysts have expressed their views on it.

A hedge fund founder who accurately predicted the collapse of Lehman Brothers specifically analyzed the rise of Fartcoin in a letter to investors. He compared Fartcoin to other historical financial bubble phenomena, calling it "a product of pure speculative sentiment."

Another researcher from an asset management company believes that the existence of Fartcoin is meant to annoy those who consider themselves to be engaged in serious financial work. He refers to this phase as "fart-style encryption economics," pointing out that the core of Fartcoin's success lies in its virality rather than its technology.

Interestingly, Fartcoin has also spawned a project called FartStrategy, which mimics the strategy of a well-known company that continuously purchases Bitcoin. FartStrategy is a decentralized autonomous organization (DAO) created specifically for purchasing Fartcoin, and its operational logic is simple and straightforward: to continuously buy Fartcoin through community voting, attempting to create a financially driven perpetual motion machine.

From January to May 2025, the holder structure of Fartcoin gradually shifted from concentration among early large holders to dispersion among retail investors. The proportion of small holders (holding less than $1000 in value) significantly increased. At the same time, Fartcoin also became one of the most actively traded coins in terms of trading volume and liquidity on a certain trading platform.

The rise of Fartcoin seems to fit all the stereotypes people have about "meme coins": a funny name, a lack of practical value, and completely relying on social effects and emotional drives. However, it is precisely this absurdity that has made it stand out in the encryption market at the beginning of 2025, even sparking intense discussions in the traditional financial world.