According to BlockBeats and GMGN data, as of April 10, some meme coins in the Solana ecosystem experienced a rare rebound. VINE, FARTCOIN, POPCAT, and GHIBLI suddenly "came alive", showing significant gains in the past 24 hours, with Fartcoin's perps trading volume almost surpassing all other major meme coins on CEX.
Just as Wall Street had just opened yesterday, Trump suddenly shouted, "Now is a good time to buy!" Before the market could react, he immediately took action, announcing a 90-day suspension of tariffs for most countries. Although China's tariffs were raised to 125%, the market sentiment was lifted by his "crazy yet precise" statement.
During this brief window of trade policy relaxation, meme coins on the Sol chain became the first sector to stir, with the surge affecting not just prices, but also community sentiment. What's happening in the Solana ecosystem recently? Let's look at the community's voice to see if people are truly "all in" on this "sentiment revival".
With Tariffs Easing, Meme Coins on Sol Take the Lead
The news of temporary US-China tariffs eased market tension and provided external momentum for this rebound.
VINE surged 44.6% in 24 hours, with a market cap near $40 million, FARTCOIN rose 44.3% to a market cap of $744 million, Popcat increased from 0.1199 to 0.1636, a 36.4% gain, and GHIBLI, with the Ghibli IP narrative, climbed from 0.03999 to 0.07152, a 78.8% increase.
These meme coins collectively surged during the same period from last night to this morning, with high trading activity. However, after intense upward movement, they generally experienced a pullback, reflecting the current market's focus on sentiment and speculation, with extremely high volatility.
Related Reading: Some Solana Ecosystem Meme Coins Rebound, VINE Rises 44.6% in 24 Hours
The Top Gainers list in the Solana ecosystem shows a general warming trend, with STP and Onyxcoin leading with 24-hour gains of 44.0% and 42.6% respectively. Gas and UXLINK rose 41.1% and 27.1%. Additionally, tokens like Solayer, ai16z, Aerodrome Finance, sudeng, and Flare saw gains between 25.9% and 28.8%. Overall, the Solana chain market is becoming active again.
According to CoinGecko data, some meme coins and AI-related tokens in the Solana ecosystem showed strong gains. The AI Agent Launchpad chart indicates the strength of AI-related tokens, with AI Agent Launchpad surging 174.7% in 24 hours and PAAL AI rising 35.2%, showing that funds are not backing down in the AI sector.
According to defillama data, Solana's transaction count increased by 15.2% in the past 48 hours, with daily average transactions rising to around 30 million, active addresses reaching 3.45 million, and on-chain fees and revenue growing simultaneously. DeFi TVL increased to $7.95 billion, with stablecoin market cap reaching $1.252 billion, indicating a return of funds.
Optimism and Caution Coexist
SOL's current market cap is $6.956 billion. Although it hasn't broken the 2023 high point, current data shows positive signals.
Many are optimistic, believing this policy window might stimulate capital inflow into the crypto market. A Twitter user stated: "125% tariffs eased for 90 days, which gives the market breathing space. FARTCOIN and VINE's rally is just beginning." Some even view the meme coin surge as a manifestation of risk-averse sentiment.
However, some warn of caution, noting that 90 days is just a short-term relief, and if mainstream coins face pressure after tariffs are implemented, meme coins won't be spared. Some investors suggest seizing short-term opportunities and taking profits to prepare for future uncertainties.
Arthur mentioned in a podcast that Ethereum currently lacks attention and might be the best entry point, believing $ETH's risk/reward ratio is most attractive. In comparison, while $SOL is hot due to the meme coin wave, such sentiment-driven massive movements are hard to consistently replicate.
However, based on current conditions, meme coins on the Base chain clearly can't keep up with the pace. After Fartcoin topped the trading volume, the Solana community joked: "Don't wait for ETH to move, by then you won't even get the last whiff of Fart."
This meme coin's short-term explosion coincides perfectly with the tariff suspension. The 90-day buffer period rapidly restored market risk appetite, allowing Solana's sentiment coins to ride the wave. However, Solana isn't without concerns; network congestion issues from peak periods persist, and the ecosystem ultimately needs fundamental strength to support long-term value.
The 90-day tariff relief provides global markets with breathing space. Whether this rally can continue beyond 90 days depends on trade policy direction and chain ecosystem consolidation. For investors, rational judgment and risk management are crucial during this policy relaxation and meme coin revival.
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