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Fake Market Cap, denoted as $CAP, is a conceptual art project that comments on the speculative nature of cryptocurrencies and meme coins. Created by Sterling Crispin, it exists as an ERC-20 token on Ethereum with a fixed supply of 420,690,000 coins. A distinctive feature is that each transfer of $CAP causes the reported total coin count to grow exponentially, even though the actual supply remains constant. This results in a calculated market cap that can surpass that of Bitcoin, Ethereum, and the global economy. The Fully Diluted Value, however, reflects the true total worth. $CAP is not meant as an investment or utility token but as an artwork and experimental smart contract within the Not Audited series, which also includes Wiiides, a project that expands CryptoPunks' width with each transfer.

The Fake Market Cap project started with a fixed supply of 420,690,000 $CAP coins. Nevertheless, the project's unique mechanism causes the publicly reported number of coins to increase exponentially with every transfer. This does not alter the actual supply but creates the impression of a rapidly growing coin count.

Sterling Crispin, an artist whose works have appeared in Art in America, Art News, The New York Times, Sotheby’s Auction House, and various global museums and galleries, is the creator. Crispin's art frequently explores the intersections of technology, culture, and digital spaces, with Fake Market Cap being a prime example. It is part of his Not Audited series, designed to challenge conventional expectations in cryptocurrency and blockchain.

There is a liquidity pool on Uniswap V2 that is locked for safety and can be used for trading here: Uniswap.

The maximum fake supply that the reported coin count can reach is an extremely large number: one hundred fifteen octillion seven hundred ninety-two septillion eighty-nine sextillion two hundred thirty-seven quintillion three hundred twenty quadrillion six trillion one hundred thirty-four billion two hundred sixty-eight million six hundred twenty-four thousand ten coins. However, to prevent an integer overflow bug, the contract halts just before this number, at a value in a similar range.

Yes, the contract for $CAP has been renounced. This reinforces the project's non-investment nature and highlights its role as conceptual art and an experimental smart contract.

Fake Market Cap is indeed an artwork. It encourages viewers to contemplate its meaning and the emotions it stirs, serving as a commentary on the speculative nature of cryptocurrency markets, the concept of market cap, and the phenomenon of meme coins. The piece challenges traditional ideas of value and scarcity within the crypto space.