Putcoin soars 99% Solana meme coin market leads tariff relief windfall

Fartcoin, a Solana-based meme coin, has surged by 99% over the past week, breaking its correlation with other altcoins and showing an independent upward trend. The easing of customs policies and the viral effect of AI bots are cited as the background for the price surge. According to TheBlock on the 11th (local time), Fartcoin has recorded the highest returns within the Solana ecosystem, rising nearly 99% over the past week. It has also risen by more than 30% in the past 24 hours, emerging as one of the major surging cryptocurrencies in the market. As the third-largest project by market capitalization among Solana-based meme coins, its recent surge stands out distinctly from other altcoins. After former President Trump announced a temporary suspension of international tariff policies, a rebound occurred across cryptocurrencies, but Fartcoin showed an even bolder upward trend. According to Solscan, Fartcoin is currently considered one of the most active meme coins in terms of liquidity and trading volume, with its fully diluted market capitalization approaching $900 million. During the same period, Hyperliquid's HYPE Token only rose 30% over a week and 9.7% daily. The explosive popularity of Fartcoin can be attributed to the promotion by an AI bot called 'Truth Terminal' since its launch in October 2024. After receiving 20 million FARTCOIN as a gift, the bot repeatedly mentioned the project on the social platform X, generating buzz and eventually gaining the title of the 'first cryptocurrency millionaire AI', leading to exponential interest. This surge is drawing attention beyond mere entertainment, reflecting a trend of meme coins being re-examined as economic assets. Other AI-based cryptocurrencies like Bittensor, Render, and Pi Network have also seen significant increases, joining the top-performing list alongside Fartcoin. As the unofficial slogan on Twitter suggests, "Hot air rises", this surge is analyzed as a typical self-amplifying upward trend characteristic of meme coins.