Memecoins Tracked Bitcoin's BTC/USD Sunday Evening Breakout, with Fartcoin Again Spearheading the Sector-wide Rally

The Solana SOL/USD-based cryptocurrency, Fartcoin, shot up 4.67% over the previous day, making it the biggest gainer among the top ten meme coins by market capitalization.

The silly-sounding coin has risen 111% in the last month, displaying resilience against the tariff-induced bearishness in the broader cryptocurrency market.

Interestingly, a whale who had suffered big losses on previous FARTCOIN transactions and was holding unrealized losses flipped the script, selling around $2.47 million worth of memecoin for a $127,000 profit, according to Lookonchain.

This whale flipped the script - turned losses into gains.

He sold 2.69M $Fartcoin($2.47M) at $0.92 3 hours ago, making a $127K profit.https://t.co/4YOOWwYVoz https://t.co/hFmdUNnS04 pic.twitter.com/OZt2Yp3KDw

— Lookonchain (@Lookonchain) August 27, 248% memecoins like Fartcoin followed Bitcoin's BTC/USD Sunday evening breakout with a rebound of its own

The frog-themed Ethereum ETH/USD coin, Pepe, saw a 4.54% spike. The coin also witnessed a 4.81% jump in 24-hour trading volume to $503 million.

Meme heavyweight Shiba Inu SHIB/USD rose 3.29% to a market capitalization of $7.5 billion, with trading volume jumping 61% to $141 million.

Dogecoin DOGE/USD, the biggest meme coin by market capitalization, also spiked 1.50%, with transaction volume shooting up 88% to a whopping $841 million.

Floki FLOKI/USD and dogwifhat WIF/USD gained 1.56% and 2.03%, respectively, in the last 24 hours.

Overall, the total memecoin market capitalization advanced 1.59% to $46.98 billion, while volume surged by 14.70%.

The rebound follows Bitcoin's breakout to $87,000 on Sunday night after several weeks of trading in a tight range. The apex cryptocurrency was up about 2.60% in the last 24 hours.

Photo Courtesy: alfernec on Shutterstock.com

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