Memecoins like Fartcoin are riding Trump’s victory to huge valuations. Experts say it may have only begun.

Fartcoin, a useless cryptocurrency, has seen its value triple to over $700 million, attracting investors in a carnival-casino era of cryptocurrencies driven by the broader wave of bitcoin investment post-Trump’s election. Memecoin traders engage in risky speculation for quick gains, aware that the value is solely based on hype and the meme’s relevance. Despite operational risks, such as the rapid rise and fall of coins like Hawk, algorithmic trading plays a significant role in the memecoin market, with legal uncertainties surrounding their classification and purchase availability in the U.S.

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