Fartcoin (FART), a rising memecoin on the Solana blockchain, has officially surpassed Bonk (BONK) to become the second-largest Solana-based meme token by market capitalization. The milestone came after Fartcoin surged over 15% in the last 24 hours, lifting its market value beyond $1 billion and solidifying its place among the top players in the memecoin arena.
At the time of writing, Fartcoin is trading at $1.06, following a sharp move that pushed it beyond the key psychological resistance at $1. The surge propelled it past Bonk, which now holds a market cap of approximately $980 million, despite being one of the first Solana-native meme tokens to gain traction last year.
Fartcoin’s bullish run has been building steadily over the past two weeks. The asset broke out from a prolonged consolidation zone between $0.40 and $0.55 on April 9, signaling the start of a trend reversal. A surge in volume accompanied the breakout, pushing the price to $0.78 intraday, followed by a brief cooldown and another push to $0.97 on April 11. The rally resumed momentum shortly after, with the token clearing resistance levels and establishing new highs.
Currently, Fartcoin is trading well above both its 20-day EMA and 50-day SMA—technicals often associated with sustained bullish trends. However, the Relative Strength Index (RSI) is approaching 70, which could suggest an overbought scenario and the possibility of a near-term pullback before the next leg higher. The next key resistance area lies between $1.20 and $1.25.
While Fartcoin captures market attention, Bonk has seen a mild retracement and appears to be stuck in a consolidation range between $0.0000095 and $0.0000138. Despite bullish alignment in moving averages and a relatively strong range structure, the lack of meaningful volume has kept Bonk’s price movement subdued. Without renewed trading activity, any breakout attempts may struggle to sustain momentum.
Still, a clean daily close above its current range, supported by increasing volume, could renew bullish sentiment. The next major resistance sits near $0.000015, a level rejected twice in March.
The memecoin narrative remains strong on Solana, where low fees and fast execution times have made it fertile ground for speculative trading. Fartcoin’s ascent reflects growing appetite among retail traders for newer, more volatile tokens in the sector—despite their high-risk nature.
With Fartcoin now firmly in the #2 position behind Dogwifhat (WIF), the memecoin leaderboard on Solana is becoming increasingly competitive. As the broader crypto market gains strength and retail enthusiasm returns, these meme-based assets could remain a focal point for momentum-driven traders.