Solana meme coins like Fartcoin, Dogwifhat (WIF), Vine, and ai16z rebound after the Federal Reserve decision

Solana meme coins like Fartcoin, Dogwifhat (WIF), Vine, and ai16z were some of the best-performing tokens after the Federal Reserve decision.

Solana meme coins like Fartcoin, Dogwifhat (WIF), Vine, and ai16z were some of the best-performing tokens after the Federal Reserve decision.

Fartcoin token surged to a high of $1.1565 on Wednesday, up by almost 50% from its lowest level this week.

Similarly, WIF jumped to $1.3695, up modestly from its lowest point this week. Ai16z, the biggest AI agent coin on Solana, and Vine jumped by over 20%.

While these gains are strong, these tokens remain in a deep bear market after falling by double-digits from their highest levels this month.

Their rebound happened as the Solana price stabilized after crashing to $223 earlier this week, moving to the psychological point at $240. Bitcoin also jumped and moved close to the psychological point at $105,000. These Solana meme coins often do well when Bitcoin and SOL are rising.

They also rose after the Federal Reserve delivered its first interest rate decision of the year. In it, the bank left interest rates unchanged, as was widely expected. It also maintained the view that the American economy was doing well, with the labor market stabilizing.

The most notable statement was from Jerome Powell, who noted that American banks were perfectly able to serve crypto customers. Historically, many mainstream banks avoided the industry for its opaqueness and lack of regulations. As a result, many firms moved to Signature Bank, which collapsed in 2023.