A silly-sounding memecoin poking fun at President Donald Trump and tech mogul Elon Musk blasted off Tuesday, dwarfing gains in mainstream coins.
What happened: Elon Trump Fart (ETF500) surged 52% in the last 24 hours, reaching levels not seen in over five weeks.
The Solana (CRYPTO: SOL)-based coin’s trading volume surpassed $1 million after an 87% jump, while its market capitalization hit $8.75 million.
In comparison, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) mustered modest gains of 2.27% and 2.39%, respectively.
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