The price of Fartcoin (FARTCOIN), a quirky meme coin built on the Solana blockchain, has spiked an impressive 15% in the past 24 hours amid a tense market situation.
While most of the leading cryptocurrencies are witnessing drastic volatility, FARTCOIN has steadily made its way to surge in double-digit gains ahead of its listing on blockchain data platform Arkham’s crypto exchange.
The spike comes on the heels of Arkham’s listing announcement, which revealed that FARTCOIN will be listed for both spot and perpetual trading starting Tuesday, June 24, at 12 PM EST.
While the flourishing daily gain in FARTCOIN price reflects growing investor enthusiasm for meme coins, various analysts raise the question of whether it is really the listing that is driving the meme coin’s price rally or broader market dynamics are at play.
At the time of writing, FARTCOIN is trading near $0.9880—up 15.17% in the past 24 hours, with a trading volume of $290.28 million. Having a market cap of $988 million, FARTCOIN is currently the 67th largest cryptocurrency and 7th largest token among meme coins.
As FARTCOIN’s price trajectory remains uncertain—given its volatile nature as a typical meme coin—investors are tracking the token with keen interest. It recently gained significant attention earlier this month with a notable listing on Coinbase, which sparked widespread speculation and community hype.
Despite the lack of clear indicators on whether it will continue to climb or face a correction, the spotlight from the Coinbase listing—combined with its upcoming debut on Arkham Exchange—has kept traders and enthusiasts glued to their screens, eager to see if this quirky asset can sustain its momentum or fade into the volatile crypto ether.
Also read: Bitcoin to Drop Below $95K This Month? Polymarket Sees 38% Chance
