Built on the Solana blockchain, Fartcoin combines humor and cryptocurrency by tokenizing fart jokes and memes to build a playful, community-driven ecosystem.

Just when you think the innovative cryptocurrency world has run out of surprises, along comes a project that catches everyone off guard. One such unlikely superstar is Fartcoin. This 

 blockchain, has quickly gained attention for its quirky premise: tokenizing fart jokes and memes. But beneath the gastro-inspired humor lies a fast-growing community and a surprising market performance.

This article unpacks the Fartcoin phenomenon, and asks the question: Is it worth your investment — or is it simply hot air? 

Fartcoin is a meme coin built on the Solana blockchain that allows users to submit fart jokes and memes to earn tokens. It went viral for its humorous concept and community-driven engagement.

Fartcoin, like most meme coins, doesn’t claim to have intrinsic value or serious utility. Instead, it thrives on humor and community engagement. True to its irreverent premise — tokenizing farts — Fartcoin is all about creating a fun and lighthearted experience in the crypto space. it attempts to build an interactive, inclusive community centred on fart jokes and memes, in which creativity and laughter take the spotlight.

Fartcoin scintillates with features like the "Gas Fee," which playfully produces fart sounds during transactions, adding a hilarious twist to the crypto experience. It also encourages participation through meme submissions, rewarding users for their contributions and building a strong sense of community

Fartcoin was created as part of an experiment by Truth Terminal, an 

, to test the influence of artificial intelligence on cultural trends. This merry project takes a playful approach to cryptocurrency, relying on jests and memes to drive its value. The more people talk about and interact with Fartcoin, the more its value grows — thanks to its reflexive memetic strategy.

Fartcoin’s community plays a key role in its success. Users can earn tokens by submitting fart-themed jokes or memes, with the most popular contributions earning extra tokens and a chance to be featured in various media projects related to the coin.

To keep things fun and engaging, Fartcoin’s tweets and social media presence are powered by Truth Terminal, with posts that embrace meme culture and fun. These posts, crafted by AI and manually shared by the team behind the token, help keep the community entertained and actively involved.

Thanks to Solana's fast processing speeds and low transaction fees, Fartcoin transactions are both efficient and accessible to users, making it easy for everyone to join in on the fun.

FARTCOIN is the native token of the Fartcoin project. It’s primarily used for community engagement, speculative investment and as a means to participate in the Fartcoin ecosystem.

FARTCOIN has a fixed supply of 1 billion tokens, almost all of which are circulating. At launch, 20.1 million tokens were allocated to Truth Terminal, the AI behind the project. This allocation ensures that Truth Terminal plays a central role in the promotion and development of Fartcoin. The remaining tokens were distributed to early participants through community meme submissions and liquidity pool incentives on 

. This approach has helped to build a strong and engaged community from the start.

Fartcoin has taken the crypto world by surprise with its quirky humor and explosive growth. Launched in October 2024 as part of an AI experiment by Truth Terminal, Fartcoin quickly captured attention with its playful concept and savvy marketing.

In just two months, Fartcoin’s market cap soared past $1 billion, its price skyrocketing by an astonishing 500% in just 11 days and placing it firmly as one of the top-performing meme coins of the year. On Dec 20, 2024, it reached an all-time high of $1.27 — all while the broader crypto market struggled during a downturn. It then reached a new ATH of $1.45 on Jan 2, 2025.

Fartcoin’s rapid rise can be attributed to early backing from institutional players like the 

, which helped establish credibility and liquidity, drawing in more investors. A major boost came when Fartcoin was listed on Binance Futures, sparking fresh interest and driving prices even higher. Its whimsical narrative also struck a chord with investors looking for something different. In a market dominated by uncertainty, Fartcoin’s comedic appeal offers a refreshing and profitable diversion.

Looking to trade Fartcoin tokens? Bybit now offers the FARTCOINUSDT Perpetual contract for trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Fartcoin's meteoric rise and quirky appeal make it an intriguing choice for speculation. However, potential investors should exercise caution. Meme coins like Fartcoin are highly volatile and often lack intrinsic value, making them risky investments. While its community-driven model and unique features offer entertainment and engagement, Fartcoin’s value depends heavily upon its popularity and ongoing participation.

As with any cryptocurrency, users need to 

 and understand the risks involved before investing. Diversifying your portfolio and investing no more than you can afford to lose are essential steps toward safely navigating the volatile world of cryptocurrencies.

Fartcoin is a perfect example of how humor and community engagement can create a buzz in the cryptocurrency world. From its quirky concept to its impressive market performance, it’s captured the attention of investors and enthusiasts alike. However, its success hinges on its viral appeal, making it a high-risk, high-reward investment. Whether you're in it for the gassy laughs or the potential gains, always approach meme coins such as Fartcoin with caution and research them thoroughly. After all, even in crypto, not every joke pays off!

Intermediate

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Fartcoin (FARTCOIN): Breaking Wind & Records in the Crypto World

Jan 6, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly Highlight — Markets Snap Five-Day Loss Streak 

Investors are now seizing the opportunity to buy the dip in U.S. stocks after a five-day decline that erased over $1 trillion in market value. Wall Street has broken its longest losing streak since April, with the Nasdaq-100 rebounding 1.7% and the S&P 500 rising 1.3% on Friday, January 3. These gains slightly offset the week's sell-off, which had continued into the new year following a tough December.

Despite concerns about slowing earnings growth among tech giants like the Magnificent Seven, traders remain optimistic, especially regarding AI leader NVIDIA Corporation. The market believes that, as long as retail investors keep investing in AI, the associated stock market boom is expected to persist. 

Stocks reached their session highs in the afternoon after Mike Johnson was reelected as speaker of the U.S. House of Representatives, indicating potential support for a business-friendly agenda. Meanwhile, bond yields rose, with the 10-year hitting 4.6% following comments from Richmond Fed President Tom Barkin about maintaining restrictive rates. U.S. manufacturing showed modest growth, with new orders at their highest since early last year, while investors assessed economic strength against the possibility of slower interest-rate cuts.

Weekly Crypto Highlight — AI Agent Spring Coming

Many investors are eagerly anticipating an Alt Season, a period when altcoins typically surge in value. However, current market dynamics suggest we may not see a widespread altcoin rally. The sheer number of tokens, combined with limited liquidity, has led to what's known as altcoin dispersion, making it crucial to select the right sectors and tokens.

, which are thriving even as the broader market declines. This nascent sector is experiencing rapid advancements, and its associated tokens face less pressure from venture capital unlocks. Many of its top protocols lack centralized exchange listings, indicating more buyers may enter the market.

Those investors who missed previous opportunities, such as the DeFi summer of 2020 and the Alt Layer 1 trade, now have another chance. Instead of targeting individual AI agents, the best risk/reward strategy lies in investing in infrastructure plays, which serve as the foundational tools for the sector.

The leading AI agent player is Virtuals Protocol, a platform for launching tokenized AI agents on the Base network. By purchasing tokens like Luna by Virtuals (LUNA) and VaderAI (VADER), users gain governance rights over specific agents, which allows them to both influence development and share in profits. 

Recently, daily protocol fee revenues dropped significantly in mid-December 2024 as activity slowed for the holidays. However, speculation around agent-associated tokens surged as the new year approached. Currently, Virtuals Protocol generates over $1 million in daily fees, though this is 50% less than figures for early December. Despite these challenges, the VIRTUAL token has more than doubled in value, reaching a market capitalization of $4.6 billion.

Other highlighted opportunities include Zerebro, which is pivoting to a full-stack framework for AI agents; ARC, with its Rust-based framework; and 

 (GRIFFAIN), a natural language on-chain search tool. These projects are well-positioned for future growth in the evolving landscape of AI technology.

 as we delve into leading AI agent tokens and the past week’s market movements. 

Advanced

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Weekly Institutional Insights: Market Snaps Five-Day Loss Streak; AI Agent Spring Coming

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

December's end-of-year options expiration brought an unexpected drop as realized volatility fell to the lowest levels of the month. Perpetual swap open interest remained stable, indicating these markets weren't heavily used for hedging against expired options, likely contributing to the muted volatility. 

While most expired open interest in Bitcoin (BTC) and Ethereum (ETH) hasn't been reinvested, the balance of calls and puts remains consistent. Notably, ETH options are pricing in higher implied volatility as compared to BTC, particularly for shorter expirations, leading to a flat term structure for ETH, while BTC is offering cheaper options exposure.

In the perpetual markets, low volatility and minimal spot movements have led funding rates for nearly all tokens to mirror broader market sentiment throughout the holiday season. On the options side, BTC's term structure is noticeably lower and steeper than ETH's, with realized volatility now dipping below implied volatility levels, highlighting an intriguing shift in market dynamics.

Please check out the report’s highlights.

Open Interest Solid Amid Year-End Options Expiration

Although open interest for both BTC and ETH perpetual swaps hasn’t returned to early December 2024 highs, it remained robust throughout the significant end-of-year options expiration event. This suggests that these markets weren’t heavily utilized to 

 of the expiring options contracts, likely contributing to the lack of volatility observed during this period. Instead, trading volumes have dipped noticeably during the winter holiday season, coinciding with a collapse in realized volatility back to December 2024’s lowest levels.

BTC Option Curve Remains Steep During Call-Put Parity

The expiration of December's end-of-year options didn’t trigger the anticipated surge in volatility; instead, realized volatility has plummeted to the lower end of its recent range. The implied volatility term structure remains steep compared to both its recent behavior and ETH's, with longer-dated implied volatility around 57%, and 1-week at-the-money options trading about five points lower. Much of the expired open interest hasn’t yet been rolled into new positions, maintaining a neutral balance between puts and calls. Consequently, BTC's options market positioning is relatively neutral, lacking the leverage it had at the start of December 2024.

Huge ETH Option Expiring Doesn’t Cause Volatility

A late December spike in realized volatility didn’t carry into the new year, with ETH’s spot price currently exhibiting volatility below that of short-tenor implied volatility. Interestingly, the implied volatility term structure has undergone a steepening and re-flattening over the past week, contrasting with BTC’s slightly steeper profile. This suggests that ETH’s options market is anticipating higher short-term volatility in spot price movements. 

Despite the significant expiration of options open interest at the end of December 2024, which didn’t lead to a rollover into later expirations, call options continue to dominate the market and have increased at the start of 2025.

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Jan 2, 2025): BTC Options Continue to See Call-Put Parity, With Lower Short-Term Volatility Expected

Dive into FLock, a decentralized platform that revolutionizes the way AI models are developed, trained and deployed.

Artificial intelligence (AI) is poised to transform countless industries, but its development often raises questions about privacy, control and inclusivity. 

 is a unique decentralized platform that democratizes AI training, fine-tuning and inferencing. With its blockchain-powered infrastructure, FLock ensures transparency, security and community-driven decision-making, paving the way for AI models that align with established societal values. 

In this article, we’ll explore how FLock decentralizes AI training, its key features and its potential impact on developers, communities and users.

 platform that revolutionizes the way AI models are developed, trained and deployed. By leveraging blockchain technology and a novel approach called 

, FLock addresses critical issues in AI development, such as centralized control, lack of transparency and privacy concerns.

At its core, FLock’s mission is to democratize AI by enabling communities to participate directly in the creation and refinement of AI models. Through federated learning, FLock trains AI models across multiple decentralized devices or servers. This method ensures that data remains local, eliminating the need for raw data exchange while still enabling robust model training. By decentralizing the training process, FLock not only protects individual privacy, but also fosters a more inclusive ecosystem in which diverse contributors can collaborate.

What sets FLock apart is its integration of 

. This ensures that all contributions — whether data, compute power or feedback — are transparently recorded and fairly rewarded. Blockchain tech’s immutable ledger enhances trust among participants and safeguards the process against manipulation. Additionally, the platform’s on-chain incentive mechanisms encourage participation from a wide range of contributors, ensuring that rewards are distributed equitably.

Ultimately, FLock empowers communities to develop bespoke AI models tailored to their specific needs. By decentralizing the process and prioritizing transparency and collaboration, FLock breaks the monopoly of large corporations, creating an AI ecosystem that aligns with public ethics and societal values.

, an Oxford alumnus with a robust background in AI and blockchain technology. Sun, who serves as FLock's CEO, has an impressive career trajectory, having worked as the Director of AI for the Royal Bank of Canada and as an AI Research Fellow at Imperial College London. His vision for FLock stems from a deep understanding of both the technical and ethical challenges of AI development.

The founding team also includes other Oxford alumni, boasting over a decade of combined experience in AI research and the cryptocurrency industry. This team brings a collective blend of academic excellence and practical expertise that positions FLock to lead the decentralized AI movement.

FLock has successfully raised $11 million in funding across two rounds, reflecting strong investor confidence in its vision. In May 2024, FLock secured a $6 million seed round co-led by Lightspeed Faction and Tagus Capital, with additional backing from Digital Currency Group (DCG), Volt Capital, OKX Ventures and Inception Capital.

Later, in December 2024, FLock announced a $3 million successful funding round led by DCG and joined by prominent names like Animoca Brands, Fenbushi Capital, GnosisVC and GSR. These investments are being channelled into enhancing the platform’s testnet and federated learning client, accelerating FLock’s mission of enabling secure, collaborative AI development.

With this funding and over 1,500 nodes contributing from platforms like Numerai and Kaggle, FLock is rapidly scaling its impact on decentralized AI training.

FLock AI revolutionizes AI development through its decentralized training framework. This approach allows participants to contribute to AI model training without ever sharing their personal data. Instead, models are trained locally across devices using federated learning, which ensures that data remains with its owners while still enhancing the accuracy of the model overall. 

FLock’s reward system is designed to incentivize active participation. Contributors who provide data, computational power and/or feedback are compensated with FLOCK tokens, ensuring a fair distribution of rewards. 

FLock empowers its community through a robust governance framework. Decisions regarding AI model development, deployment and ethical considerations are driven by the community, ensuring alignment with established societal values. Through blockchain-based voting mechanisms, contributors can influence the direction of AI projects, fostering transparency and public accountability. 

FLock’s modular architecture allows contributors to participate in specific aspects of AI model development. Whether providing raw data or computational power or even refining algorithms, the platform enables a collaborative and scalable development process. 

At the core of FLock’s philosophy is its commitment to privacy and security. By leveraging blockchain technology, the platform ensures that no single entity controls the AI development process. Data remains local and protected by cryptographic measures, while the immutability of blockchain guarantees transparency in every transaction and model update. 

 begins with a blockchain and an AI layer.

The blockchain layer underpins FLock’s incentivization and security mechanisms.

The AI layer facilitates model training, refinement and deployment, leveraging both centralized and federated approaches.

Let’s have a look at the supply and demand for the FLOCK token.

FLock adopts a 1:2 ratio model between team/investors (33.3%) and community (66.7%), prioritizing community-driven growth and ecosystem expansion. The majority of tokens are allocated to incentivize user participation and long-term ecosystem success.

FLock aims to improve the future of AI development by decentralizing the training process and ensuring transparency, privacy and inclusivity. By leveraging blockchain and federated learning, FLock empowers communities to contribute to AI creation without compromising on privacy. Its innovative reward system and community-driven governance foster a fair and collaborative ecosystem. 

With significant backing and a growing network of contributors, FLock is positioning itself as a leader in decentralized AI, offering a more ethical and secure alternative to traditional AI development models. As it continues to scale, FLock is set to transform the way AI models are built and deployed.

 — and earn a share of a 10 million FLOCK prize pool. For more details, visit 

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FLock AI: Decentralized AI Training

Bybit Learn

Trading

A gamma squeeze is an unusual type of price increase that happens in the crypto market. Find out how it works and how to spot one in this article.

One of the key challenges of crypto investing is that huge changes can happen with little warning. In the event of a gamma squeeze, crypto prices will suddenly shoot upwards and increase far past the crypto's usual value. This might seem entirely random, but there's actually a method behind the madness. Understanding what a gamma squeeze is can help you identify future price increases.

A gamma squeeze is an unusual type of price increase that happens in the crypto market. It typically occurs when options and other behind-the-scenes contracts force investors into buying stock.

Gamma squeezes are a rare occurrence in crypto investing. They happen when large investment companies start trying to speculate on crypto prices by buying 

 and other types of contracts. This puts a lot of pressure on the market, and other investors can end up in a position where they have to buy crypto to cover their losses. As more and more people rush to buy crypto, prices end up soaring.

To better understand the gamma squeeze, let’s take a look at a real-world example in the stock market. A gamma squeeze was behind the notorious

. Traders had purchased a bunch of options with the intent of shorting the underlying stock, but then market conditions forced them into buying large batches of GME stock. The end result was sky-high GME stock prices.

To understand the mechanics of a gamma squeeze, we need to understand certain details about how the crypto market functions. In the cryptocurrency market, some major financial players buy and sell various crypto-related contracts. These "market makers" tend to trade millions of dollars worth of crypto, and they will often participate in options trading, which lets them speculate on future prices. When these contracts go wrong, a gamma squeeze can occur.

The first step in a gamma squeeze is created when various major investors try to 

. This investment means they are essentially betting that crypto prices will fall. They borrow crypto tokens to sell at current prices, and agree to later give the same amount of tokens back to the lender. If prices drop, the investor can buy cheap tokens to repay their loan. However, if prices rise, their contracts could put them in a position where they have to buy a lot of pricey crypto in the future.

Most investment firms shorting crypto have a policy of hedging their bets. If prices start to rise, they purchase some call options that will let them make money if crypto prices increase. This ensures they can make enough money to cover losses if prices rise above their 

. Ultimately, all of this "required" buying from big investors causes a self-perpetuating cycle of price increases. Rising prices make major investors rush into buying crypto as a way of covering their losses, and then prices increase even more.

Gamma squeezes are somewhat rare because a lot of things have to happen simultaneously before a gamma squeeze occurs.

So how do you know when a random spike in the market is heralding the start of a gamma squeeze? There are a few simple features you can analyze to see if a gamma squeeze is occurring. First of all, take a look at the coin's 

. During a squeeze, there will be a tremendous burst in activity, as institutional investors rush to buy coins before they hit their strike price.

 news, it’s usually easy to spot a gamma squeeze. These events are very uncommon — and come with a lot of opportunities to both make and lose money. You'll notice that everyone is talking about the crypto that's undergoing the squeeze.

The final way to confirm the squeeze is by looking at its volatility. The market for a crypto will be extremely volatile when a squeeze is taking place. Squeezes tend to cause extreme volatility because there are sudden, unprecedented changes in price. Instead of prices drastically rising and plunging, a squeeze will make prices go up and up.

A gamma squeeze plays out in three separate stages. The first thing that happens is an unexpected jump in a crypto’s price.  What’s more, the crypto's price might rise even though it's unpopular or has some issues with development. This unexplained price rise tends to result in a little bit of selling, as people holding onto the crypto hope to make a profit on the unexpected price jump.

Next comes the huge spike in prices. All of the institutional investors doing options trading start to buy in volume, because they're concerned about looming strike prices. At the same time, retail investors start hearing about the squeeze and buying up underlying stock in the hopes of profiting from the squeeze. At this point, prices can rise to unprecedented levels.

The final stage of the squeeze is the price correction. Because the high price isn't backed by any real-world value, the crypto won't maintain the price past a certain point. Usually, the price starts dropping when all the big institutional investors' call options start expiring. Once the price starts to drop, most investors will sell while they can — and the price drops even further.

A gamma squeeze shares quite a few similarities with a short squeeze. Both price cycles involve investors betting a crypto will fall and then accidentally ending up in a position where they have to buy it back at a higher price. In both cases, this will trigger a rush for both investors and casual traders to buy up crypto and prices will rise unexpectedly.

The main difference between a short squeeze and a gamma squeeze is in their magnitude. Short squeezes can take place whenever retail traders are investing in crypto. Meanwhile, gamma squeezes only occur when

 get involved. These market makers handle larger volumes of crypto at once, so they influence the market more drastically.

You can also distinguish between a short squeeze and a gamma squeeze by looking at the types of contracts being sold. Short squeezes can occur with a variety of investment strategies. Meanwhile, gamma squeezes only occur when there's a huge number of short-dated call options being purchased. This causes the upward spiral that creates such high crypto prices.

When considering gamma squeezes, make sure you aren't getting gamma and delta mixed up. These are both Greek letters that are frequently used in math and finance, so it's no surprise people get confused. They're also both terms used by institutional traders, and they both relate to the eventual outcome of a squeeze. However, they do technically mean different things.

Delta is a type of measurement used to analyze put and call options. It measures how much an option price varies in relation to the underlying stock or crypto. Delta varies between zero and one. The closer it is to zero, the lower a crypto's value is compared to the option's strike price. If the delta is closer to one, a crypto's value is higher than the strike price.

Gamma takes this method of analysis one step further. It measures the change in delta, compared to the amount the price changes. This shows an investor how market changes are influencing their options. Higher gamma levels mean the investor needs to buy proportionally more stock to manage their hedges. This ever-increasing need for more stock is where the name "gamma squeeze" originates.

Gamma squeezes can definitely be … exciting. And trading during one of these squeezes can come with some major benefits.

One of the best positions to be in is to be the person who owns the crypto before the squeeze starts. Often, these investors have purchased their crypto for very low prices, so they stand to gain a lot. As long as they sell their tokens before prices drop, they can earn quite a profit on their crypto. These are the people you see who make millions off of a squeeze.

Because gamma squeezes always tend to play out in the same way, there are some neat trading opportunities. You can get involved in the derivatives market, and speculate on whether the price will keep increasing or start to fall. Once you spot a squeeze, you can also buy more crypto to sell before the dip happens.

Though there are plenty of perks to this type of market scenario, it also comes with some major risks. Those who make the wrong choices can end up on the wrong side of the squeeze.

If you buy crypto right before the peak of the squeeze, you might be in trouble. Gamma squeezes are very volatile, and the price can plummet at any point. If you time things poorly, you could be left holding almost worthless tokens — for which you paid a premium.

For those who like trading options on crypto, risks are even higher. The problem with options is that you can lose far more than just the initial amount of money you’ve invested. For certain types of options, a trader has to purchase a set amount of crypto by the time the option expires. There's no ceiling on how high a price can climb during a squeeze, so a trader could theoretically end up having to buy at a very steep price.

The length of a squeeze tends to depend on what underlying factors were driving it. There’s no hard limit on how short a squeeze can be, so some may be over in as little as an hour. However, most squeezes last at least a couple of days. Some may last up to a few weeks, but none are sustainable enough to last for months at a time. Gamma squeezes usually end with a period of extreme volatility, in which crypto prices will drop and peak several more times.

If you want to trade during a gamma squeeze, it’s best that you keep the following tips in mind.

Ultimately, a gamma squeeze brings some unique opportunities. If you have extra funds to play around with and are okay with high-risk trades, you can get involved. However, keep in mind that it’s also an incredibly volatile time — for an already volatile asset. Traders who hop onto trends without really knowing what they're doing can lose a lot of money. If you plan on trading during a squeeze, you need to take the time to do some market analysis and in-depth research. This can help mitigate some risks, but there’s still the potential to lose money, no matter how careful you are.

Whenever major industry traders are involved in crypto, their actions can put unnatural pressure on the market. If derivatives market actions bring about a gamma squeeze, you can expect sky-high prices before a sudden drop. This gives you the option of making a lot of money, but most experts recommend playing it safe. Getting too caught up in the hype can easily lead to losing your funds.

What Is a Gamma Squeeze & How Does It Affect Crypto Prices?

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