A wave of green swept across the meme coin market on Wednesday as President Donald Trump's 90-day reciprocal tariff pause sent top tokens in the sector soaring.
What happened: Solana SOL/USD-based Fartcoin spearheaded the rally, pumping over 40% in the last 24 hours. The token, with over $700 million in market capitalization, was also the biggest gainer in the entire cryptocurrency market.
With the latest increase, FARTCOIN’s monthly gains have increased to 221%, well above heavyweights of the space.
Dog-themed coins have also surged, with Bonk and dogwifhat up more than 13% in the last 24 hours.
| Cryptocurrency | Gains +/- | Price (Recorded at 11:15 p.m. ET) |
| Fartcoin (FARTCOIN) | +40.37% | $0.7122 |
| Bonk BONK/USD | +13.98% | $0.00001073 |
| Dogwifhat WIF/USD | +13.39% | $0.3627 |
| Pepe PEPE/USD | +11.39% | $0.000006666 |
See Also: Another Crypto Firm Set To Go Public: Galaxy Digital Foresees Nasdaq Listing Soon After SEC Approves Delaware Move
Ethereum ETH/USD-based Pepe joined in the rally, logging double-digit gains of over 11%. Blue-chip meme coins Dogecoin DOGE/USD and Shiba Inu SHIB/USD lifted over 10%.
Dogecoin’s sentiment was also bolstered by the launch of an exchange-traded product tied to the memecoin. The ETP, launched by 21Shares, was listed on Swiss exchanges.
The total meme coin market capitalization jumped nearly 11% to $43.64 billion, with around $3.70 billion added in the last 24 hours. The total trading volume zoomed over $7 billion.
The recovery followed President Donald Trump’s surprise announcement of a 90-day pause on tariffs for countries that have not retaliated against U.S. trade measures, bringing some relief to the battered cryptocurrency market
Photo by CMP_NZ on Shutterstock
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