FARTCOIN crossed three boundaries that marketing often blends: an AI dialogue supplied the premise, a transaction signed with an unidentified controller’s key created the Solana token, and traders formed a market. Concept provenance, control of a key and holder rights are different questions. The reviewed materials do not establish a native repayment promise.
The earliest trace is an Infinite Backrooms dialogue: models riffing on a fart-themed currency and community game. It is genuine provenance for the joke. It is not a mint instruction, a corporate charter or evidence that Truth Terminal independently controlled money.
On 18 October 2024, wallet HyYNVY…nMFF created the Solana mint through Pump.fun. That act fixed the identity that names and logos cannot: 9BB6NFEc…bgpump, six decimals, original SPL Token Program.
Pump.fun's current documentation explains the venue as a bonding curve followed by automatic migration after graduation. Its current mechanics illuminate the route, but changing platform fees should not be projected backward onto the 2024 launch without dated proof.
The original maximum was 1,000,000,000. By 5 September 2026 the finalized mint account reported 999,974,448.690942. With mint authority absent, ordinary new issuance is closed; holder-authorized burns can keep lowering supply.
A zero mint-authority option means no present key can use the standard mint instruction. A zero freeze-authority option means no present mint authority can freeze token accounts through that SPL role.
Those facts are stronger than a slogan because they are machine state. They are also narrower: they do not control websites, liquidity pools, exchange custody, social accounts or wallet approvals.
The community page says “No cabal” and calls the asset entertainment with no return expectation. The first phrase is marketing; the second is a useful warning. Neither is a governance constitution.
Truth Terminal and the source conversation gave the token a story that traders could repeat. The deployer wallet gave it supply and transfer rules. Treating the AI as issuer, founder, key holder and guarantor at once invents relationships the evidence does not show.
Kraken's MiCA paper is not a promise by a FARTCOIN company. It is Payward Global Solutions Limited's disclosure for admission to trading, and it says no dedicated project entity exists. It classifies the asset as a transferable meme token, not a utility token.
The same paper lists no refund, utility redemption, compensation or value-protection scheme and warns of complete loss and illiquidity. The basic function established here is to move or trade the token where another party accepts it. That document alone does not exclude rights arising under a separate contract or applicable law.
An Infinite Backrooms conversation develops a fart-themed coin concept before any Solana mint exists.
The recorded creator wallet launched 9BB6…bgpump through Pump.fun; the identity controlling its signing key is not established.
The trading-platform operator, not a project issuer, assumes responsibility for the admission paper.
It records no project entity, no utility classification and no protection scheme.
Last evidence review: 2026-09-05
FARTCOIN is a six-decimal SPL meme token launched through Pump.fun on 18 October 2024. Its story borrows a fart-themed proposal from an Infinite Backrooms conversation associated with Truth Terminal, but the actual asset is the Solana mint 9BB6NFEc…bgpump. It has no mint or freeze authority today, and live supply is slightly below the original 1 billion maximum because SPL burns can reduce supply.
The name points to many copycat tokens, and the phrase “created by AI” collapses a transcript, a human-controlled social persona and a wallet transaction into one actor. Marketing words such as founderless, decentralized and community-owned also say nothing about holder rights. The mint address and authority bytes answer the technical questions; the legal and economic promises require separate evidence.
Pump.fun supplied the initial market path. After launch, FARTCOIN behaves as an ordinary original-program SPL token: owners transfer it, approve delegates or burn their own balance. Revoked mint authority blocks ordinary further issuance, and absent freeze authority removes mint-level account freezing. Neither fact creates a peg, cash flow or refund. Trading venues and community accounts remain offchain actors with their own policies.
Only the Solana mint ending bgpump shown above. A matching name, ticker or logo does not identify the same asset.
The finalized mint account had no mint authority on 5 September 2026, so ordinary SPL issuance cannot resume unless that observation was wrong. Supply can still decline through burns.
The AI conversation supplied the idea. The chain records a wallet as creator; no evidence reviewed shows an autonomous model controlled that signing key.
No native right was found. A venue or third party may build a product around the token, but that would be a separate contract and counterparty.
The reviewed admission paper identifies transfer and trading. It lists no refund, utility redemption, compensation scheme, value protection, equity or treasury claim.
No. It narrows two SPL controls but cannot prevent selling, thin liquidity, copied websites, venue restrictions or a total loss of market value.
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