Memecoins like FARTCOIN, POPCAT, and MOG saw strong gains as investors embraced a risk-on sentiment following President Donald Trump’s decision to ease up on some of his tough tariff policies, which sparked a broader market rally.
According to CoinGecko, Fartcoin (FARTCOIN) shot up by 43.5%, hitting a 10-week high market cap of $731 million. Popcat (POPCAT), Ket (KET), and Mog Coin (MOG) weren’t far behind, jumping 28.6%, 26.2%, and 24.1%, respectively.
Even the bigger names like Dogecoin (DOGE) and Shiba Inu (SHIB) saw a boost—DOGE went up 9.5%, SHIB gained 10.5%, and PEPE climbed 9.5%. Overall, the memecoin market surged 10.6% in the last 24 hours, bringing the total market cap to $46.8 billion.
The rally kicked off after Trump announced on April 9 via Truth Social that he was pausing his recently announced aggressive tariff policies for 90 days. He’s also temporarily lowered the reciprocal tariff to 10% while trade talks continue.
Just a week earlier, Trump had slapped a universal 10% tariff on all imports and planned to hike tariffs on goods from 57 countries starting April 9. Despite yesterday’s pause, tariffs on Chinese imports did go up to 125%, adding more tension between the U.S. and China.
That said, China’s Commerce Minister, Wang Wentao, said they’re open to resolving things through negotiations, which gave investors some relief. This has brought relief to investors who have taken a risk-on sentiment as the Crypto Fear and Greed Index went up ten points to 25.
Memecoins rallied alongside Bitcoin (BTC), which has continued to act as the dominant market force with a 62.6% market share as it climbed past $83,000, while Ethereum (ETH), the largest altcoin, climbed back above $1,600. The total crypto market cap recovered 5% to $2.68 trillion in the same period.
Still, with Bitcoin dominance holding strong, most analysts agree that a true altcoin season, where capital rotates into altcoins and memecoins see sustained, independent rallies, won’t begin until BTC starts to lose its grip.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
