Market big dump "I alone pump", Solana meme Fartcoin surges 30%, what is going on?

Amid the global market downturn, Solana-based Fartcoin bucked the trend and became the focus of the market, triggering discussions about the unique phenomenon of memecoins. (Synopsis: Binance He Yi Reveals the Secret Investment Method: Meme Attention into Belief and Product to Have the Next DOGE) (Background supplement: Pump.fun The founder accidentally showed his face on the live broadcast, and the related meme was "removed") Against the backdrop of multiple factors affecting global financial markets and cryptocurrencies, a little-known Solana ecosystem meme coin Fartcoin staged an astonishing rally, according to CoinGecko Data shows that today (8th), Fartcoin soared more than 30% in the past 24 hours, the price once touched the $0.60 mark, and now has a market value of about $557.8 million. Launched in October last year, advocating "no value" Fartcoin was launched in October last year, and the official introduced itself as a token with "zero application value", which has repeatedly shown its "characteristics" of ignoring the market trend During the previous sharp correction in the price of Bitcoin, Fartcoin was also one of the first tokens to rebound, recording a gain of more than 35% in one day. What is even more surprising is that in the generally depressed market environment of most small cryptocurrencies (Altcoins) last December, Fartcoin's market capitalization briefly exceeded the $1 billion mark, showing its amazing financial appeal. This kind of meme power, which has been rarely seen after the meme coin boom that Solana extinguished in the past (I don't know how to explain it), is continuing to make efforts on Fartcoin, ignoring the global uncertainty caused by Trump's tariffs macro downturn, so many Twitter KOL posts that came out to explain also became unexpectedly popular. Internet celebrity "hot air" theory Fartcoin's unusual performance ignited discussion in the cryptocurrency community, well-known cryptocurrency trader "RookieXBT" said on his social platform account with nearly 500,000 followers that Fartcoin's trading volume continued to increase at a time when the global market was "falling apart", and emphasized that "no other coin can do this", his observation ignited the community's speculation about the momentum behind Fartcoin. In addition, "Not Jerome Powell", a financial meme account modeled after US Federal Reserve Chairman Jerome Powell, jokingly commented: "Hot air always rises." He pointed out that at a time when almost all assets are falling, Fartcoin is the only one who stands out. Although this statement is joking, it also indirectly reflects the market's general perception that Fartcoin lacks practical applications (as the name suggests), relying only on community heat and speculative speculation to drive up prices. Other Memecoin-Rising Sectors In mid-January, riding on the Memecoin frenzy, the Fartcoin price reached an all-time high of $2.48. However, with the bursting of the bubble in the overall meme market and the speculative boom subsided, the price of Fartcoin also fell sharply from its highs and has fallen by more than 75% to date. This also highlights the highly volatile and high-risk nature of meme-coin investment. Notably, Fartboy (FARTBOY), another meme related to Fartcoin and also based on Solana, which is inspired by a comic book character, has also seen a significant rise recently; According to CoinGecko, FARTBOY rose 60% on April 8 and cost more than $0.03. Despite this, the coin price has fallen by about 85% compared to its mid-February high. In addition to Fartcoin and Fartboy, there are other memecoins that have outperformed the market recently, such as SPX6900 (SPX) up 11.5% and Cheems Token (CHEEMS) up 10.5% AI Companions (AIC) rose 10%, and Mog Coin (MOG) surged 33% on the day. Even established meme coin representatives Dogecoin (DOGE) and Shiba Inu (SHIB) have outperformed Bitcoin over the past 24 hours. Meme Coin Roots: Makes Sense Without Reason? This phenomenon seems difficult to explain, and when market uncertainty increases, some of the money may flow to the more speculative, community-driven, and less justifiable meme sector in search of short-term excess returns. However, overly exploring the rationality of Fartcoin's rise and seeking stable investment theory itself may also be contrary to Memecoin's original intention, and past examples such as GameStop also tell us that Memecoin itself must be short-lived, but it will always appear suddenly in the era of Wall Street and capital manipulation, showing confrontation and rebellion against the capital world, and how to interpret this mass idea may itself be the more unreasonable the more reasonable. The dynamic area also reminds readers that the investment risk of memecoin-related sectors is extremely high, please use funds carefully to avoid unnecessary losses. Related reports When opening contracts and firing memes, swearing "it's easier to win"? It's not superstition, it's science dTAO's full moon has cracked: Meme-filled subnets, broken tokenomics How did the $130,000 "pause in the launch of memecoins" attack happen when Four.Meme was hacked? Blatant slap in the face CZ "The market plummeted "I soared alone", Solana meme Fartcoin skyrocketed 30%, what happened? This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".