Who made Fartcoin and what does it do?

Key Points

1. Fartcoin was launched on the Solana blockchain in October 2024, originating from the AI project 'Truth Terminal,' and is primarily a joke-focused memecoin.

2. The coin features a 'Gas Fee' that produces a digital fart sound with each transaction, emphasizing its humorous intent rather than practical utility.

3. Fartcoin uses Solana's blockchain for fast, scalable, and low-cost operations, and it is an SPL token, integrating with Solana's ecosystem of decentralized apps (dApps).

4. The tokenomics include a total supply of 1 billion FARTCOIN, with most tokens in circulation, and an 'Initial Fart Offering' distributed 20.1 million tokens to the Truth Terminal AI.

5. Fartcoin experienced significant market volatility, reaching a peak price of $2.48-$2.74 in January 2025, with a market cap between $1.19 billion and $1.23 billion by late May 2025, placing it among the top 100 cryptocurrencies.