Fartcoin (FART) Surpasses BONK as the 2nd Largest Solana Coin Meme!

Jakarta, Pintu News – Fartcoin has just unseated Bonk to become the second largest Solana (SOL) meme coin by market capitalization, after experiencing a 15% gain that pushed its market capitalization past the $1 billion mark.

In the past 24 hours, Fartcoin (FARTCOIN) has surged over 15%, breaking through the $1 psychological resistance and trading at $1.06 currently. This rise has lifted Fartcoin’s market capitalization past $1 billion, surpassing Bonk (BONK) which currently stands at around $980 million.

Check out the full analysis here!

Fartcoin Rise

Fartcoin has shown impressive performance by breaking out of the $0.40 – $0.55 consolidation range that occurred from March 29 to April 9. On April 9, Fartcoin recorded a significant surge in volume, pushing the price to a daily peak of $0.78.

This momentum continued with the price reaching $0.97 on April 11 before experiencing a slight pullback and entering a brief consolidation phase. After the consolidation phase, Fartcoin’s price trend picked up again, breaking the previous record high and successfully crossing the $1 mark.

Currently, the trend is very bullish with Fartcoin trading well above its 20-day EMA and 50-day SMA. If this momentum continues, the next price target is around $1.20-$1.25. However, the RSI is close to 70, which may signal an impending price drawdown.

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Comparison with Bonk

Meanwhile, Bonk has seen a slight decline in the past 24 hours, continuing to move within a range of $0.0000095 to $0.0000138, with a noticeably calmer momentum compared to Fartcoin’s surge.

Bonk’s price moving average shows a bullish setup, and the price is consolidating at the top of the range, which could be a setup before a breakout if volume increases.

However, the recent volume is still much lower compared to the spike in March, suggesting that this breakout attempt still lacks conviction – a potential sign of continued range behavior or slow price gains.

A clean daily close above this range on increased volume would confirm a breakout, with the next price target at around $0.000015, where price has already been rejected twice – in early and late March.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Fartcoin Flips Bonk to Become Number 2 Solana Memecoin by Market Cap. Accessed on April 23, 2025
• Featured Image: CCN