The Solana-based memecoin Fartcoin has experienced a significant surge, reaching a market capitalization of $1.6 billion within less than three months of its launch. This valuation now exceeds that of 1,000 companies in the Russell 3000 Index. Fartcoin has become the biggest 24-hour gainer among the top 100 tokens by market cap, hitting new all-time highs. It has also broken into the top 100 cryptocurrencies, ranking as the 77th largest by market cap, with a 62% increase over the past week, a 60% rise in the last 36 hours, and a 17% rise on the latest trading day. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io