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The story of $FARTCOIN is truly absurd — a token with no fundamental support managed to surge to a $1B market cap. The community even calls it "$1B on nothing."
Even more exaggerated is that this coin once hit a $2B market cap at its peak. This is what retail investors do.
The current situation is that $FARTCOIN has fallen back to $290M MC. The entire cycle is like a roller coaster — born out of nothing, inflated during irrational exuberance, and finally declining step by step as the market sobers up. This phenomenon reflects a certain real state of the current crypto market: sentiment-driven trading, with the real test coming after the hype subsides.