A laptop keyboard, Elon Musk post about DOGE on X displayed on a phone screen and representation of Dogecoin cryptocurrency are seen in this illustration.
Yes, it’s called Fartcoin. Yes, it is totally useless.
And yes, it has nevertheless tripled in value over the past week to a market capitalization of more than $700 million — about equal to those of Office Depot, Guess jeanswear, and the parent company of Steak N’ Shake.
The carnival-casino era of cryptocurrencies has come back with a vengeance, riding a broader wave of investment in bitcoin that was itself spurred by the election of Donald Trump. It’s minting millionaires while potentially harming others — yet everyone, even the losers, seem to be in on the joke.
The wave of
Memecoins like Fartcoin are riding Trump’s victory to huge valuations. Experts say it may have only begun
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