Hot Air Rises Again as Fartcoin Outpaces Dogecoin in April Fool’s Meme Rebound

Flatulence-themed Solana meme coin Fartcoin is on the rise again, jumping nearly 22% in the last 24 hours to $0.53 and outpacing the gains of top meme coins like Dogecoin (DOGE) and President Trump’s official Solana token (TRUMP) in the same timeframe. 

The token, whose proponents use the tagline “hot air rises” when promoting its glide higher, has reclaimed a $500 million market cap after crashing to approximately $200 million in early March.

However, FARTCOIN still remains about 78% off its all-time high of $2.48 from February.

By comparison, DOGE and TRUMP have gained just 4% and 2% in the last 24 hours, respectively. 

Fartcoin’s place as the top meme coin leader on April Fool’s Day may be a coincidence, but the token’s rebound of more than 108% in the last month comes amid an apparent sentiment shift among Solana meme coin traders as they hope for another potential run for the token. 

“Fartcoin’s outperformance today is on tens of millions of dollars in liquidity and over $10 million volume in the past 24 hours. Nothing else like this is happening in the meme coin space,” posted pseudonymous crypto personality Artchick on X (formerly Twitter) on Monday. She added that Fartcoin could be “a Trojan horse for the entire meme coin sector.”

The token’s mindshare is growing, as well, based both on X activity and on-chain data.

The name for Fartcoin was dreamed up by an AI chatbot, and data related to its mindshare is being tracked alongside other AI agent tokens via analytics platform Cookie.fun. Fartcoin currently maintains the largest mindshare among AI tokens at 13.39%, and has also posted the largest mindshare gain in the last three days, jumping 4.5% over that time.

Will the Fartcoin bounce help propel a potential meme coin comeback? It may be too early to tell, but Pump.fun token launchpad co-founder Alon Cohen told Decrypt in late March that he believes meme coins are here to stay.

“A crypto user today is as likely to be trading meme coins as they were one or two months ago,” said Cohen. 

The meme category has jumped by more than 5% in the last 24 hours while Bitcoin and Ethereum have gained approximately 2% and 4% respectively, according to data from CoinGecko.

Edited by Andrew Hayward