Fartcoin has soared past $1 with over 9% daily gain as Solana memecoins rally.
Solana meme coins are rallying on the recent Solana ETF launch.
Bitcoin has also topped $110K, boosting market-wide momentum.
Fartcoin has officially broken through the critical $1 mark, riding a wave of renewed optimism in the Solana meme coin sector.
The memecoin has soared to a weekly high of $1.27, recording a notable 9% gain within 24 hours and confirming its place among the top-performing meme coins of the week.
With trading volume exploding to over $517 million, investors appear increasingly convinced that this is more than just a short-term pump.
Solana memecoins take centre stage
Fartcoin’s bounceback comes at a time when the broader Solana meme coin ecosystem is capturing market attention in a major way.
Tokens like Bonk, SPX6900, and Dogwifhat have also seen sharp double-digit gains, signalling renewed speculative confidence in high-beta bets tied to Solana’s rising profile.
Fartcoin’s recent performance is particularly striking, given its massive ascent from an all-time low of just $0.02003 in October 2024 to current levels above $1.20.
This represents a jaw-dropping 6,000% gain in under nine months, positioning Fartcoin as one of the most explosive assets of this cycle.
What makes this surge even more compelling is its timing. The move coincides with the debut of the first Solana staking ETF, REXShares’ SOL ETF, which opened with an impressive $33 million in first-day volume, well above the typical ETF launch.
$SSK ended day with $33m in volume. Again, blows away the Solana futures ETF and XRP futures ETFs (or the avg ETF launch) but it is much lower than the Bitcoin and Ether spot ETFs. pic.twitter.com/t6LkQwDXLc
— Eric Balchunas (@EricBalchunas) July 2, 2025
Solana ETF momentum fuels market speculation
The successful launch of the Solana ETF has reignited institutional interest in the SOL ecosystem, with CME futures open interest surging to a record $167 million.
Analysts from JPMorgan now project that spot Solana ETFs, once approved, could attract between $3 billion and $6 billion in inflows within their first year.
These developments have acted as a major catalyst for Solana-based meme coins, which often move in exaggerated tandem with SOL’s price.
Fartcoin, viewed as a proxy for high-risk meme coin enthusiasm, has seen an outsized benefit from this growing interest in Solana-linked assets.
With the SOL price climbing to $153 and likely to push higher, Fartcoin appears poised to test the next resistance levels at $1.22 and $1.28.
Technical indicators suggest strong momentum, and with support established around $1.13, the path upward remains open.
Bitcoin adds fuel to the fire
Meanwhile, the entire crypto market has been energised by Bitcoin’s rally past the $110,000 mark.
On the back of $407 million in ETF inflows in a single day, BTC now trades just 2% below its all-time high and appears on course to test the $112,000 level this week.
This broad-based bullish sentiment has spilled over into altcoins and meme coins alike.
The CoinDesk Memecoin Index jumped 12.6% in 24 hours, while the CoinDesk 20 Index posted a 4.3% rise, reflecting widespread risk-on behaviour.
As retail traders flood back into the market, meme coins are seeing a resurgence not just as jokes but as vehicles for aggressive speculation.
Fartcoin, Bonk, and others are becoming key barometers of sentiment in a rapidly heating market.
Fartcoin price forecast points to a bigger breakout
According to technical analysis, Fartcoin is attempting to break through a key resistance zone between $1.24 and $1.40, which could unlock the next leg of its rally.
Traders are closely watching whether the token can maintain its current momentum and build enough pressure to make a sustained move beyond these levels.
If broader market sentiment holds and Solana continues to draw institutional capital, Fartcoin may well ride this rally to new heights.
