What Is Fartcoin?

• Fartcoin (FARTCOIN) is a Solana meme token launched through Pump.fun on October 18, 2024.

• Its Solana contract address is 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump.

• The Fartcoin concept came from an AI-generated Infinite Backrooms conversation associated with researcher Andy Ayrey's Truth Terminal experiments.

• That conversation brainstormed a fictional Fartcoin with an airdrop, NFTs, staking, governance, and other joke features. Fartcoin's current website doesn't list those ideas as features of the Solana token itself.

• Fartcoin's site describes FARTCOIN as a meme coin with no intrinsic value or expectation of financial return and says it exists for entertainment.

Not directly. Fartcoin's concept traces back to an automated Infinite Backrooms conversation involving Truth Terminal and another AI model. In that conversation, the models brainstormed a hypothetical "Fartcoin" with ideas such as an airdrop for fart jokes and memes, NFTs, governance, and staking.

The cryptocurrency traded as FARTCOIN today came later. Its website links to that AI conversation as the token's origin story. On-chain records identify the Pump.fun creator wallet, but the project's public materials don't identify the real-world person behind it. It's more accurate to say Fartcoin was inspired by an AI-generated concept than to say Truth Terminal or Andy Ayrey created the cryptocurrency.

FARTCOIN is a token on Solana, so transfers and decentralized trades run on the Solana network and require SOL for network fees.

FARTCOIN has a maximum supply of 1 billion tokens. The project's site doesn't document native staking, token-holder governance, protocol revenue, or a Fartcoin DeFi ecosystem. Its price depends heavily on liquidity, trading demand, meme culture, and continued interest in its AI origin story.

The widget below shows FARTCOIN's live price. Meme token prices can change sharply within a single day, so be cautions about purchasing.

The AI conversation that inspired Fartcoin proposed a hypothetical "Fartcoin Airdrop" in which users could submit fart jokes or memes to claim tokens. That was brainstorming, not an airdrop program for the Solana FARTCOIN token, and Fartcoin's website doesn't advertise an official airdrop.

Be cautious of websites or social-media accounts offering free FARTCOIN, particularly if they ask you to connect a wallet, approve an unfamiliar transaction, or share a recovery phrase.

For US taxpayers, receiving crypto through an airdrop may create taxable income when you gain dominion and control, depending on the facts. The IRS's direct airdrop guidance (Rev. Rul. 2019-24) covers crypto received after a hard fork and doesn't provide comprehensive rules for every promotional token distribution. Learn more about how crypto airdrops are taxed.

1. Choose a trading platform or Solana-compatible wallet that supports FARTCOIN. See our picks of the

   best crypto wallets.

2. Check the Solana contract address before buying: 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump.

3. If you're using a decentralized exchange, keep enough SOL in your wallet to cover network fees.

4. Review the contract, price, liquidity, slippage, fees, and the amount of FARTCOIN you'll receive before approving the transaction.

5. Keep your purchase price, transaction hash, fees, and wallet information for your tax records.

Buying FARTCOIN with SOL or another crypto is a taxable disposal of the crypto you spend.

FARTCOIN trades on centralized platforms and on Solana decentralized exchanges. Availability varies by platform and location. Before trading or withdrawing, confirm the listing uses the Solana contract 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump.

On a decentralized exchange, review liquidity and slippage before approving the trade. Don't rely on the Fartcoin name or ticker alone, because unrelated tokens can use similar branding.

FARTCOIN is a highly speculative meme token. Its own website describes it as having no intrinsic value or expectation of financial return. Major risks include:

• Price volatility: FARTCOIN can rise or fall sharply over short periods.

• Speculative demand: Its price depends heavily on trading demand, online attention, and meme culture.

• Liquidity risk: Market depth can change quickly during volatile periods.

• Copycat-token risk: Other tokens can use the Fartcoin name or similar branding.

• Misread AI connection: FARTCOIN's origin story involves AI-generated conversations, but owning the token doesn't give you any stake in Truth Terminal or an AI business.

• Platform and wallet risk: Exchange listings and third-party services can change over time.

A larger market cap or a listing on a major exchange doesn't make FARTCOIN low-risk. See how it compares with other meme coins.

FARTCOIN is a community-driven meme token primarily used for trading, transfers, and participation in online meme culture. Its defining feature is its origin story: the Fartcoin idea appeared in an AI-generated Infinite Backrooms conversation associated with Truth Terminal before the Solana token existed.

The project's website doesn't document native staking, token-holder governance, protocol revenue, or other financial utility, and it describes FARTCOIN as an entertainment-focused meme coin. Tools or projects third parties build around FARTCOIN aren't native features of the token.

For US taxpayers, FARTCOIN follows the same federal tax rules as other digital assets. The IRS treats digital assets as property (IRS Notice 2014-21).

• Buying FARTCOIN with US dollars: Not taxable by itself. Your cost basis is the purchase price plus fees.

• Buying FARTCOIN with SOL or another crypto: A taxable disposal of the crypto you spend.

• Selling FARTCOIN: Generally creates a capital gain or loss if you hold FARTCOIN as an investment.

• Swapping FARTCOIN: Trading FARTCOIN for SOL, a stablecoin, or another crypto is a taxable disposal of the FARTCOIN you give up.

• Spending FARTCOIN: A taxable disposal.

• Payments and rewards: FARTCOIN received as compensation or a reward may create ordinary or business income depending on why you received it and when you gain control. Digital asset income not reported elsewhere goes on Schedule 1, line 8v, while wages are reported on Form W-2 and self-employment or business income goes on Schedule C.

• Airdrops: A token distribution may create taxable income when you gain dominion and control, depending on the facts.

• Wallet transfers: Moving FARTCOIN between wallets you own isn't taxable by itself, but the SOL you pay as a network fee is a small disposal.

Sales and swaps of investment-held FARTCOIN generally go on Form 8949 and Schedule D. Income doesn't go on Form 8949.

Keep records of acquisition dates, cost basis, wallet addresses, transaction hashes, network fees, proceeds, and transfers between your own wallets. You must report taxable activity whether or not you receive a Form 1099-DA.

Learn more in our memecoin tax guide and guide to reporting cryptocurrency on taxes, or estimate what you owe with our free crypto tax calculator.