On April 1, 2025, Fartcoin – the 'fart' themed memecoin on Solana – surged 22% in 24 hours, reaching $0.53 and surpassing Dogecoin (DOGE) and Official Trump token (TRUMP) on April Fools' Day. With a market cap of $500 million and liquidity in the tens of millions, Fartcoin is creating a stir. Could this be a sign of memecoin's comeback?
Fartcoin Explodes on April Fools' Day
#Fartcoin , with the slogan 'hot air soaring high', has increased nearly 22% in 24 hours, reaching a price of $0.53 and a market cap of $500 million, according to CoinGecko. Meanwhile, Dogecoin (DOGE ~0.17 USD) and Official Trump (TRUMP) only increased by 4% and 2%, respectively. Although still down 78% from its peak of $2.48 in February 2025, Fartcoin has impressively recovered 108% in the past month, from a low of $200 million in early March.
Fartcoin's explosion on April Fools' Day may be coincidental, but it reflects the optimistic sentiment of memecoin traders on Solana, hoping this token will continue to grow. Artchick, an anonymous crypto figure, stated on X: 'Fartcoin excels today thanks to liquidity in the tens of millions and trading volume of over $10 million in 24 hours. No other memecoin has achieved this.' She also referred to Fartcoin as the 'Trojan horse' for the entire memecoin sector.
The Surging Attraction of Fartcoin
Fartcoin, a name devised by an AI chatbot, is leading in mindshare among AI tokens, according to Cookie.fun. This token accounts for 13.39% of mindshare, up 4.5% in the last three days – the highest in the group. On-chain data and activity on X also show growing interest, reinforcing Fartcoin's position in the memecoin market.
Memecoin: A Trend That Cannot Be Stopped?
Alon Cohen, co-founder of the token launch platform Pump.fun, shared at #Decrypt at the end of March: 'Crypto users today are still trading memecoins as much as they were one or two months ago.' This is evidenced by the entire memecoin portfolio increasing over 5% in 24 hours, surpassing the gains of Bitcoin (~$88,000, +2%) and Ethereum (~$3,500, +4%), according to CoinGecko.
The recovery of Fartcoin may signal a new growth phase for memecoins, particularly on Solana – where the explosion of Pump.fun and tokens like Official Trump (TRUMP) have been witnessed. However, with strong price volatility (Fartcoin down 78% from its peak), investors need to be cautious.
Impact on the Crypto Market
Dogecoin ($DOGE ): Surpassed by Fartcoin, but still maintains its position as the leading memecoin (market cap ~24 billion USD).
Solana ($SOL ~150 USD): The vibrant memecoin ecosystem (100 million active addresses in 2024) continues to attract capital.
Memecoin market: A 5% growth indicates potential, but the risk of scams remains high (New York proposes anti-rug pull legislation).
Conclusion: Fartcoin – 'Hot Air' or Bubble?
Fartcoin's 22% increase and surpassing Dogecoin on April Fools' Day is evidence of the appeal of memecoins on Solana. With a market cap of $500 million and FOMO sentiment, this token is leading the memecoin wave. But with prices still down 78% from its peak, will the 'hot air' continue to soar or is it just a bubble waiting to burst? Investors need to be cautious in this risky 'joke'!
Risk warning: Investing in memecoins carries extreme risks due to price volatility and the threat of scams. Consider carefully before participating.