Dogecoin, Shiba Inu Advance But Fartcoin, Pudgy Penguins Lead Memecoin Rally With Double-Digit Gains

The memecoin market witnessed a remarkable surge on Wednesday, with Fartcoin (FARTCOIN) and Pudgy Penguins (PENGU) leading the rally with double-digit gains. While Dogecoin (DOGE) and Shiba Inu (SHIB) also advanced, the unconventional Fartcoin and the airdropped Pudgy Penguins stole the show.



Fartcoin, the token that tokenizes farts, surged over 27% in the last 24 hours, amassing a market capitalization of $1.24 billion. The token's humorous and absurd utility resonated with degens, driving its popularity. Meanwhile, Pudgy Penguins, the official coin of the popular non-fungible token collection, gained 9.76% to a market capitalization of $2.16 billion. The token's generous allocations and community-driven approach contributed to its sustained growth.

The broader market dip continued as Bitcoin dominated the crypto landscape. However, the memecoin sector remained resilient, with the total meme coin market capitalization rising 4.83% to $106.94 billion. The overall trading volume surged 27.81% to $10.74 billion, reflecting the increased interest in memecoins.

The upsurge followed slower-than-expected growth in core inflation, seen as a net positive for risk-on assets. Additionally, a report raised hopes for clear cryptocurrency regulations under new SEC leadership in the Trump administration. These factors contributed to the overall bullish sentiment in the market.



While Dogecoin and Shiba Inu also gained momentum, the unconventional Fartcoin and the community-driven Pudgy Penguins stole the show. The memecoin sector's resilience and the double-digit gains of Fartcoin and Pudgy Penguins highlight the potential for memecoins to thrive in a volatile market. As the crypto sector continues to evolve, investors should keep an eye on these innovative and community-driven tokens.