FARTCOIN Volume Beats DOGE, SHIB on Coinbase; Price Pump to $2 Ahead?

In a surprising turn of events, FARTCOIN has distinguished itself, surpassing the trading volumes of well-known memecoins like Dogecoin (DOGE) and Pepe (PEPE) on Coinbase. This development, occurring on an exchange boasting over 110 million users, has sparked considerable speculation regarding the meme coin's rapid ascent just days after its listing.

According to an X post by Unipcs, also known as the BonkGuy, FARTCOIN's rally is particularly noteworthy given the recent market correction that dampened activity across the broader memecoin sector. In his analysis, Unipcs forecasts a potentially "violently parabolic" upward trajectory, attributing this to the influx of retail investors from Coinbase's extensive user base.

Coinbase listed Fartcoin on its spot markets on June 13th, significantly enhancing the meme coin's previously limited visibility. Currently, it is available on a selection of crypto exchanges, including Gate.io, MEXC, BitGet, and Kucoin, while major exchanges such as Binance and Bybit have yet to list the meme coin.

Despite its limited availability on major exchanges with robust liquidity before its Coinbase debut, Fartcoin has defied expectations, suggesting a surge driven more by speculative enthusiasm than inherent value.

As of this writing, Fartcoin is trading near $1.24, reflecting a 4.55% increase over the past 24 hours. Its 24-hour trading volume stands at $216.35 million, boosted by over 30% today. Its past price surges suggest that renewed momentum could propel the meme coin above $2 and potentially toward a new all-time high.

Source: CoinMarketCap

However, market analysts advise caution, noting that this boom echoes previous memecoin frenzies, such as Dogecoin's peak in 2021, which experienced unsustainable gains driven by hype. Historical data from CoinMarketCap also indicates that while similar memecoins have recorded daily gains, they often face sharp declines during uncertain market downturns.

Furthermore, liquidity concerns add complexity to the Fartcoin narrative. Experts point out that low liquidity in new tokens can amplify price fluctuations and increase the risk of manipulation.