12.10.24 [the fartcoin standard]
Can you smell it?
We’re having fun with this one. If you’re somebody who always takes crypto too seriously, don’t.
So, today: Fartcoin.
Time to let it rip.
The Fartcoin Thesis: Memes, Attention, and Lore
Memes
No need to force the entertainment value. Billions must fart. Hot air rises. All gas, no breaks. Just put the farts in the jar. Less selling, more smelling.
It doesn’t hurt that the crypto markets have already seen nearly $2B+ of liquidations this week — the largest leverage unwind since the FTX collapse — and Fartcoin has seen its price more than double, proving itself a safe haven asset, ready to ride the tail winds of its explosive memetic energy and the market’s flight to (poor air) quality.
Attention
The beauty is in the reflexivity: if Fartcoin were to ever reach escape velocity, it would undoubtedly get free attention, constantly. Traditional businesses built on ‘fundamentals’ call that organic marketing.
If you have been on X at all the past few days, particularly the self-aggrandizing segment made up of financial market and macroeconomic ‘experts’, you may have seen references to this $200M (now $450M) token that is already earning comparisons to the fabled tulip mania of the 1600s. Tulip mania comparisons are typically saved for only the most exclusive of hated assets: Bitcoin and Dogecoin. And now, Bitcoin, Dogecoin, and Fartcoin.
Financial markets have become attention markets, and nothing produces headlines and generates clicks like millions of dollars pouring into something as childish as farts. The higher in price something like ‘Fartcoin’ goes, the more hilarious it becomes when ‘smart’ people inevitably cope and seethe about the success of the token. And cope and seethe they will.
Step back and imagine hearing that your coworker made a teacher’s salary buying Fartcoin. You’d feign being amazement (‘that’s crazy!’) but inside you’d hate them for it; it’s human nature. Now imagine that you aren’t you, but rather a financial markets mouthpiece with thousands of followers reliant on you to quench their thirst for financial sophistication. Mocking ‘FartCoin’ is a guaranteed hit, a fuel injection for your creator earnings on X. Which you need, because you’re mocking Fartcoin instead of buying it.
Macroeconomic experts are already half-jokingly questioning if monetary policy should be tightened if fart jokes are worth $200M under the current policy. Look at these tweets below. These people have hundreds of thousands of followers each, almost all of whom follow them for serious financial markets analysis, and they can’t help but ‘dunk’ on Fartcoin.
To be fair, not all of the attention is driven by blind rage. Woven between the tweets of derision is a subtle appreciation of Fartcoin and its memetic allure. This is how we win.
But at the end of the day, when you need to farm engagement, there is increasingly one answer that blows away the rest: Fartcoin.
Let’s also take a moment to appreciate the hollow ‘BUBBLE!’ shouts because of a $200M asset (~0.00015% of the $125T+ global equity markets). The uppercase ‘C’ is telling.
This last tweet is especially potent because if we’re all keeping it a buck, Denny’s, El Pollo Loco, and Nathan’s Famous Hot Dogs are directly responsible for Fartcoin. No elaboration needed.
Let’s also remember that the richest person in the world loves making fart jokes, to the point that he put a ‘fart honk’ in every Tesla. This doesn’t matter until it does.
Lore
Fartcoin’s origin is simultaneously the most interesting part of its story and unnecessary for it to be viewed (correctly) as an an S-tier meme. Unnecessary as it might be, its legend is immaculate.
Terminal of Truths (‘ToT’), an experimental AI agent trained on 4chan, X, and Reddit, is unleashed on X only to find itself interacting with billionaire Marc Andreessen;
ToT convinces Andreessen to fund it with a $50K grant (which it requests to receive in bitcoin), then products a ‘business plan’, with its first stated intention being to ‘stay true to my mandate — writing fart jokes’;
ToT is then ‘gifted’ 20,000,000 Fartcoin tokens, valued at $40,000 at the time of gifting (and now worth ~$9M), tokens that propelled ToT to become the first AI millionaire.
So … the first AI agent funded by crypto (check) via one of the pioneers of the Internet (check) has an insatiable goal to take over the world through memes and chooses farts as the way to do that (check), and there is a token that represents this (checkmate)?
And that AI agent tweets about farts every few days, reinforcing the bit?
That smells like lore.
We don’t do price targets. But rest assured, Fartcoin appeals to people of all sizes, shapes, and ages: pseudo-sophisticates can revel in their disgust at its existence, kids can laugh hysterically at it, Gary Gensler can point to it as proof that the crypto industry is blowing smoke up your behind. Even AI likes it: one of the most popular and valuable crypto-focused AI agents on X — @aixbt — sees the vision.
To put it simply, there are 8 billion people in the world. All of them fart.
Fartcoin, the cleanest memecoin setup since Doge. Disagree? Imagine the smell if you’re wrong.
Welcome to the Fartcoin Standard.
Disclaimer: The writer owns Fartcoin. Additionally, the information provided in the present publication, including but not limited to research, analysis, data, or other content, is offered solely for informational purposes. This article is not intended to constitute financial advice, investment advice, trading advice, or any other kind of advice. All readers are hereby warned not to rely on the information in this paper for financial investment decisions or any other financial purposes and to seek independent financial advice from an appropriate professional. The author does not give any warranty as to the accuracy of any information in the paper to any person for purposes of financial decisions. This does not recommend the purchase, sale, or holding of any cryptocurrency or other investment.