Fartcoin has experienced a remarkable surge, climbing over 6,000% to hit a weekly high of $1.27. This dramatic rise is attributed to renewed interest in Solana meme coins, coinciding with the launch of REXShares' SOL ETF, which recorded $33 million in first-day trading volume. The memecoin gained 9% in the last 24 hours, with trading volumes surpassing $517 million.
The broader cryptocurrency market is buoyed by Bitcoin's rally past $110,000, which has positively impacted altcoins and meme coins alike. Analysts from JPMorgan anticipate significant inflows into spot Solana ETFs upon approval, further boosting interest in Solana-linked assets. Fartcoin's technical indicators suggest potential resistance at $1.22 and $1.28, with strong support around $1.13.
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