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The cryptocurrency $FUPA experienced a significant increase in market cap, with mentions of reaching 300k, 400k, and 500k market caps. The community around $FUPA is described as strong and growing organically, with no team allocation. Various tweets highlight the meme coin's popularity and humorous nature, with users expressing surprise and pride in its success. A giveaway of 1 million $FUPA tokens for a photo contest was announced, showcasing the active engagement within the community.