Written by
Jack Clarke
Updated 3 weeks ago
2 min read
The memecoin FAFO has experienced a dramatic surge in the cryptocurrency market, a year after its initial creation and all-time high. This resurgence follows posts by Elon Musk and Donald Trump on their social media accounts referencing the acronym after a United States operation against Venezuela.
The price of the meme-based cryptocurrency, which lacks fundamental value, jumped 340% in just 24 hours, reaching US$ 0.0007959 per unit on Saturday.
The acronym stands for “Fuck Around and Find Out,” a blunt warning that irresponsible behavior will lead to negative consequences.
Elon Musk, the CEO of Tesla and SpaceX, has previously expressed interest in the situation surrounding Nicolás Maduro. In 2024, he publicly stated his intention to pursue the Venezuelan leader and has now shown his approval of the recent operation.
On social media, a user reminded Musk of the tension between him and Maduro, to which Musk simply replied with “FAFO.”
FAFO
— Elon Musk (@elonmusk) January 3, 2026
Eric Trump, son of the former US president, emphasized that the “FAFO era continues,” suggesting that those who challenge the world’s leading military power may face severe repercussions. He is an executive at American BTC, a major holder of Bitcoin.
The White House’s X account also associated FAFO with Donald Trump, stating “No games. FAFO,” implying that the former president is not to be trifled with by his adversaries.
No games. FAFO. pic.twitter.com/brCiNvCK8u
— The White House (@WhiteHouse) January 3, 2026
The memecoin’s creation in 2025 coincided with Trump’s increased use of the “FAFO” phrase. After initial speculation, the coin’s price plummeted, losing 98% of its value from its peak. Trading volume also declined, but the recent social media mentions have revived interest in the memecoin.