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Cryptocurrency News Articles
Fartcoin Leads Meme Coin Market Rally, SOL/USD-Based Token Jumps 11%
Jan 30, 2025 at 01:41 pm
The meme coin segment gained momentum on Wednesday, riding high on a broader market rebound.
Meme coins continued their rally on Wednesday evening, largely outpacing the broader cryptocurrency market.
What Happened: Solana (SOL) SOL/USD-based Fartcoin led the gains, surging more than 11% in the last 24 hours.
Fartcoin, which is now ranked 3,437th by market capitalization, saw its trading volume surge 87% in the last 24 hours, signaling strong demand for the meme coin.
Ethereum (ETH) ETH/USD-based Floki lifted over 8%, recovering from the losses since the start of the week. Similarly, frog-themed Pepe gained nearly 6% in the last 24 hours.
Solana-based Bonk also traded in the green, netting roughly 5% in returns to its investors.
Meanwhile, President Donald Trump’s meme coin, Official Trump (TRUMP) TRUMP/USD, recorded gains of 3.34%.
Meme heavyweights like Dogecoin (DOGE) DOGE/USD and Shiba Inu (SHIB) SHIB/USD saw modest increases of 1.83% and 2%, respectively.
The total meme coin market capitalization grew by 1.65% to $92.29 billion in the last 24 hours, alongside a 3.94% volume increase.
See Also: Robinhood CEO Vlad Tenev Pushes For Tokenization To Unlock Private Companies Like SpaceX And OpenAI For More Investors
The uptick helped holders recoup some losses from the trepidation caused earlier this week by China’s open-source AI model, DeepSeek.
Most meme coins were significantly down since the week began, aligning with the broader trend in the cryptocurrency market.
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