Fartcoin (FARTCOIN/USD) is turning heads with a staggering 40% rally over the past week, dwarfing the gains of legacy meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).

What Happened: Trader RookieXBT suggests that Fartcoin "looks ready here," especially as markets prepare for what could be the biggest risk-on melt-up of the cycle.

He highlights Fartcoin's positioning in a highly speculative environment as a key factor for potential explosive gains.

Another trader, MaxBecauseBTC, notes that a breakout in Ethereum (CRYPTO: ETH) above $3,000 could provide the final push for meme coins, including Fartcoin, to enter a fresh bullish phase.

Technical analyst CRG adds that Fartcoin's monthly chart reflects a strong upward structure, with momentum building toward a potential breakout to new all-time highs.

Why It Matters: On-chain activity is also heating up. Onchain Lens has identified a new wallet that withdrew 14,916 Solana (SOL), worth $2.48 million, from Binance to purchase 1.68 million FARTCOIN at $1.14.

Coinbase (NASDAQ:COIN) will be listing Fartcoin on the Solana network starting Monday, pending sufficient liquidity. Trading will be available in supported regions via Coinbase and Coinbase Exchange.

Coinglass data shows $6.7 million liquidated over the past 24 hours, with $5.57 million in shorts liquidated, indicating traders betting against Fartcoin were caught off guard by its rapid rise.

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