Memecoins rebounded sharply following President Donald Trump’s decision to delay new tariffs, reigniting risk appetite across the crypto market.
According to CoinGecko, FARTCOIN soared 43.5%, reaching a 10-week high with a market cap of $731 million. Meanwhile, POPCAT, KET, and MOG Coin recorded notable double-digit gains of 28.6%, 26.2%, and 24.1%, respectively.
Market-Wide Optimism Lifts Even Large-Cap Memecoins
Even the more established meme tokens enjoyed bullish momentum. Dogecoin (DOGE) rose 9.5%, Shiba Inu (SHIB) added 10.5%, and PEPE advanced 9.5%, as memecoin sentiment aligned with a broader market rebound.
Altogether, the memecoin sector posted a 10.6% daily gain, pushing the total category market cap to $46.8 billion.
Tariff Reprieve Fuels Broader Rally
The surge followed Trump’s April 9 announcement on Truth Social, confirming a 90-day pause on sweeping tariffs previously scheduled to kick in. While a universal 10% tariff remains, reciprocal tariffs were reduced to 10%, offering temporary relief to markets.
However, tariffs on Chinese imports were raised to 125%, maintaining trade pressure on Beijing. Despite that, comments from China’s Commerce Minister Wang Wentao, expressing willingness to negotiate, helped boost market sentiment further.
The Crypto Fear & Greed Index jumped 10 points to 25, indicating a move away from extreme fear.
BTC and ETH Rally, But Altseason Still on Hold
Memecoins surged alongside Bitcoin, which climbed back above $83,000 and maintained a 62.6% market dominance. Ethereum reclaimed the $1,600 level, contributing to a broader 5% rebound in the total crypto market cap, now at $2.68 trillion.
Still, analysts caution that a true altcoin season won’t kick off until Bitcoin dominance begins to wane, allowing capital to rotate into smaller-cap assets and memecoins for longer-term rallies.
