CLANKER token has surged by over 360% in the past week after Farcaster acquired Clanker, an AI-powered token launchpad on the Base network. This acquisition signifies Farcaster's strategic move into the SocialFi sector, with plans to integrate Clanker's tokenbot into its application. As part of the acquisition strategy, Farcaster will utilize protocol fees to purchase and hold CLANKER tokens, while older tokens will be burned to manage supply. Approximately 7% of CLANKER tokens are locked in a liquidity pool to enhance market depth. Since its inception in November 2023, Clanker has generated over $50 million in fees, ranking as the fourth-largest protocol on Base by weekly revenue.