The meme coin segment gained momentum on Wednesday, riding high on a broader market rebound.
What happened: Solana (CRYPTO: SOL)-based Fartcoin spearheaded the rally, jumping more than 11% in the last 24 hours.
Fartcoin's trading volume surged 87% in the last 24 hours, signaling heavy demand for the frivolously named cryptocurrency.
Ethereum (CRYPTO: ETH)-based Floki lifted over 8%, erasing the losses since the start of the week. Similarly, frog-themed Pepe gained nearly 6% in the last 24 hours.
Solana-based Bonk also traded in the green, netting roughly 5% in returns to its investors.
Meanwhile, President Donald Trump's meme coin, Official Trump (CRYPTO: TRUMP), recorded gains of 3.34%.
Meme heavyweights like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) saw modest increases of 1.83% and 2%, respectively.
The total meme coin market capitalization grew by 1.65% to $92.29 billion in the last 24 hours, alongside a 3.94% volume increase.
The uptick helped holders recoup some losses from the trepidation caused earlier this week due to China’s open-source AI model, DeepSeek.
Most meme coins were significantly down since the week began, aligning with the broader trend in the cryptocurrency market.
Image via Shutterstock
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