Fartcoin is a token that has risen rapidly in the MEME coin market, with a market value surpassing 1 billion US dollars, becoming an industry benchmark. Unlike traditional MEME coins, the success of Fartcoin is not dependent on social media popularity, but is driven by institutional capital such as Sigil Fund. On-chain data shows that Sigil Fund quickly laid out after the token issuance, becoming a key force in the rise. This article analyzes the rise of Fartcoin, revealing the new trend of the MEME coin market shifting from social hotspots to capital-driven, and explores its future development potential.