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 (CRYPTO: SOL)-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.
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Ethereum (CRYPTO: ETH)-based Pepe joined in the rally, logging double-digit gains of over 11%. Blue-chip meme coins Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) 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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