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With market sentiment improving, memecoins are taking center stage in this week’s crypto rally, driven by cooling US–China trade tensions and softer US inflation data that has revived hopes of earlier Fed rate cuts.
Following these developments, the global crypto market cap climbed to $3.59 trillion on June 11, with daily trading volume hitting $135.14 billion. Bitcoin (BTC) briefly pushed past $110,000, Ethereum (ETH) reclaimed $2,800, and XRP (XRP) held steady around $2.30.
Although the top three tokens saw modest pullbacks today, Bitcoin’s momentum has rippled across the broader market, driving renewed interest in altcoins, with memecoins leading the charge over the past week.
Here are some of the best-performing memecoins this week worth keeping an eye on.
Fartcoin
Fartcoin (FARTCOIN), a Solana-based memecoin born out of Elon Musk’s love for farts, has surged 47.8% over the last 7 days, bringing its market cap to over $1.3 billion.
It’s expected to stay in the spotlight this week with a Coinbase listing set for June 12 at 9 AM PT. Ahead of the spot listing, Coinbase will also launch Fartcoin perpetual futures on its Advanced and International platforms.
On the daily chart, Fartcoin has broken out of a falling wedge pattern, a formation often associated with bullish reversals. It is currently trading above its 50-day moving average, while the MACD has flashed a bullish crossover, which is often a precursor for an extended rally.
If this trend holds, the next target could be a retest of the $1.64 level.
SPX6900
SPX6900 (SPX), a memecoin with a tongue-in-cheek mission to flip traditional markets, has rallied for five consecutive days, hitting an all-time high of $1.73 on June 11. Its market capitalization has climbed from $275 million in March to nearly $1.6 billion at press time.
The token is drawing attention this week for two key reasons. First, it has continued to gain despite its official X account being suspended, a development that would typically hurt sentiment. Instead, the sustained rally has highlighted the strength and engagement of its community, which could attract further interest.
Second, whale activity has picked up. Large holders now control over 106 million SPX tokens, up from 105 million in mid-May. At the same time, the amount of SPX on exchanges has dropped noticeably, which is usually a sign that investors are holding, not selling, fueling even more hype and FOMO.
From a technical perspective, the SPX6900 is forming a cup-and-handle pattern on the daily chart, a setup that often signals further upside.
The price looks poised to touch the upper boundary around $1.742. Once it hits the target, if it pulls back slightly to form the “handle” and holds support, it could set the stage for the next leg up.
Furthermore, the Chaikin Money Flow is positive, indicating buying pressure, while the Aroon Up is at 92.86%, suggesting that a strong uptrend remains in effect.
Hence, if bulls stay in control, the SPX could continue to push higher after a brief consolidation.
aura
aura (AURA) has surged by more than 9,700% in the past week, climbing from around $0.00090 to $0.090, with its market cap jumping from just $1 million to nearly $83 million. The memecoin had seen little to no activity for months, but suddenly spiked on June 10 following a wave of buying pressure.
On-chain data suggests that a single whale accumulation, rumoured to be linked to the SPX community, played a key role in triggering the rally. More than $500,000 worth of AURA was reportedly deployed across decentralised exchanges within a few hours, causing a price cascade as retail traders rushed in.
Over 215 wallets interacted with the token during the peak surge, driving daily volume up by over 100,000%.
On the daily chart, the MACD lines and Relative Strength Index have moved well above overbought levels, indicating a potential pullback could be on the horizon.
Despite this, if momentum continues and visibility grows across trading forums and social media, AURA could see further upside in the near term, especially given its low float and speculative appeal.
However, the lack of fundamentals, project updates, or clear utility means the rally is driven largely by sentiment and volatility. As with most parabolic runs, profit-taking by early holders could trigger equally steep pullbacks, making AURA a high-risk, high-reward trade at current levels.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.