Memecoins Surge as Trump Eases Tariffs: FARTCOIN, POPCAT, and MOG Lead the Charge

FARTCOIN Soars 43.5%, POPCAT and MOG Follow Suit

Hang onto your hats, folks! Memecoins are on fire, with FARTCOIN, POPCAT, and MOG leading the pack. Investors are feeling the thrill as President Trump decided to chill on his tough tariff policies, sparking a wild market rally. FARTCOIN blasted off by a whopping 43.5%, hitting a 10-week high with a market cap of $731 million. Not to be outdone, POPCAT, KET, and MOG jumped 28.6%, 26.2%, and 24.1% respectively. It's like a rocket launch out there!

Big Dogs Dogecoin and Shiba Inu Also Get a Boost

Even the big names in the memecoin world got a piece of the action. Dogecoin (DOGE) shot up 9.5%, Shiba Inu (SHIB) gained 10.5%, and PEPE climbed 9.5%. The entire memecoin market surged 10.6% in just 24 hours, pushing the total market cap to a staggering $46.8 billion. It's a memecoin party, and everyone's invited!

Trump's Tariff Pause Sparks the Rally

The rally kicked off after Trump dropped a bombshell on April 9 via Truth Social, announcing a 90-day pause on his aggressive tariff policies. He even temporarily lowered the reciprocal tariff to 10% while trade talks keep rolling. Just a week earlier, he had slapped a universal 10% tariff on all imports and planned to crank up tariffs on goods from 57 countries starting April 9. But despite the pause, tariffs on Chinese imports still went up to 125%, adding more fuel to the U.S.-China tension fire.

China's Open to Talks, Investors Breathe a Sigh of Relief

But wait, there's a glimmer of hope! China's Commerce Minister, Wang Wentao, said they're down to resolve things through negotiations, giving investors a much-needed break. This has investors feeling bold as the Crypto Fear and Greed Index jumped ten points to 25. It's like a rollercoaster, but we're all strapped in and ready for the ride!

Bitcoin and Ethereum Join the Rally

Memecoins aren't the only ones partying. Bitcoin (BTC) is still the king of the crypto jungle, holding a 62.6% market share as it soared past $83,000. Ethereum (ETH), the biggest altcoin, climbed back above $1,600. The total crypto market cap recovered 5% to a cool $2.68 trillion in the same period. It's a crypto fiesta, and everyone's dancing!

Will Altcoin Season Ever Arrive?

But hold up, don't get too excited just yet. With Bitcoin's dominance still strong, most analysts say a true altcoin season, where capital rotates into altcoins and memecoins see sustained, independent rallies, won't happen until BTC starts to loosen its grip. So, keep your eyes peeled and your wallets ready, because the crypto world is always full of surprises!

Disclosure: This article is not investment advice. It's just for your education and entertainment, so enjoy the ride!