FARTCOIN rises 2.60% to $0.130 as meme-coin demand revives
The token advanced alongside a broader crypto rally, with Bitcoin up 1.24%, while a large trader opened a $2.16 million leveraged long position and placed an additional $531,000.
BTC
FARTCOIN
Fact Check
The original X post from @HyperliquidNews states the $NAVER (KRX:035420) HIP-3 ticker was purchased for 516.99 HYPE (~$28,370) by @tradeparagon on 2026-07-31. This exact figure and buyer are independently corroborated by Odaily, CoinNess, BlockBeats, and additional outlets (KuCoin, Binance Square, Lookonchain) surfaced in search. All details of the claim — buyer (TradeParagon), ticker (NAVER), price (516.99 HYPE ~$28,370), and mechanism (HIP-3 Dutch auction for perpetual futures) — match across sources.
Summary
FARTCOIN rose 2.60% to $0.130 as renewed demand for meme coins lifted the token alongside a wider crypto market rally that included a 1.24% gain in Bitcoin. The move coincided with a large trader opening a $2.16 million leveraged long position and placing an additional $531,000.
Terms & Concepts
- meme coins: Cryptocurrencies whose popularity is often driven by online communities, social momentum, and speculative trading rather than utility.
- leveraged long position: A trade that uses borrowed funds to amplify gains or losses while betting that an asset's price will rise.