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Finbold 2025-04-11 16:55:16

This meme coin exploded over 200% in a month

April has been nothing short of chaotic, with the aftermath of the Liberation Day tariff announcement fueling heightened volatility across both financial and cryptocurrency markets . Yet amid the broader downturn and the modest rebound that followed President Trump’s temporary pause on global tariffs Fartcoin ( FARTCOIN ), a Solana-based meme coin, has emerged as a clear outlier . While most assets are struggling to recover, Fartcoin has surged 246% over the past month, making it the top-performing cryptocurrency among the top 100 by market capitalization during that period. Six best-performing top 100 cryptocurrencies in one month. Source: CoinMarketCap For context, benchmark assets like Bitcoin ( BTC ) have seen a modest 0.62% rise, while Solana ( SOL ) has declined by 4% over the same timeframe. Even within its own niche, Fartcoin has stood apart , Official Trump (TRUMP), another Solana-based meme coin, has plunged nearly 30% in April, a sign of decoupling from the broader market trend. Fartcoin on-chain activity hits new monthly highs On April 9, Fartcoin recorded its strongest on-chain performance in recent months, with 476,280 transfers and a total transfer value of $827.27 million — marking its largest single-day volume in two months. The surge in activity signals a sharp rise in user participation, even as more established tokens continue to falter. FARTCOIN daily transfer value chart. Source: Solscan While meme coins often lack inherent utility, they continue to attract swarms of traders hoping to ride short-term momentum. However, the sector remains highly speculative frequently marred by low liquidity, rug pulls, and flash crashes. Featured image via Shutterstock The post This meme coin exploded over 200% in a month appeared first on Finbold .

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