Memecoins Are Taking Center Stage in This Week's Crypto Rally

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

The global cryptocurrency market cap rose slightly to $3.59 trillion on June 11, with daily trading volume at $135.14 billion.

Bitcoin (BTC) price pushed past $110,000 again, while Ethereum (ETH) reclaimed the $2,800 level. XRP (XRP) remained stable around $2.30.

The top three tokens saw modest pullbacks on Monday, as Bitcoin’s momentum has brought renewed interest in altcoins, especially memecoins, which led the way in the past week.

Here are some of the best-performing memecoins this week that are worth noting.

Fartcoin (FARTCOIN)

Solana-based memecoin Fartcoin (FARTCOIN), known for Elon Musk’s love of farts, soared 47.8% in the past seven days, bringing its market cap to over $1.3 billion.

The token is set to stay in the spotlight this week as Coinbase is listing Fartcoin at 9 AM PT on Monday, June 12.

Ahead of the spot listing, Coinbase will also launch Fartcoin perpetual futures on its Advanced and International platforms.

On the daily chart, Fartcoin broke out of a falling wedge pattern, a formation that is often associated with bullish reversals. It is now trading above its 50-day moving average, and the MACD formed a bullish crossover, which is usually a precursor for an extended rally.

If this trend continues, the next target could be a retest of the $1.64 level.SPX6900 (SPX)

SPX6900 (SPX), a memecoin with a tongue-in-cheek mission to flip traditional markets, has risen for five consecutive days, reaching an all-time high of $1.73 on June 11. Its market capitalization has increased from $275 million in March to nearly $1.6 billion at press time.

The token is in the news this week for two key developments.

First, SPX continued to gain despite its official X account being suspended, a move that would typically hurt sentiment. However, the fact that the token has managed to stay afloat and rally further despite this setback speaks volumes about the strength and engagement of its community, which could attract even more 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, thus fueling even more hype and FOMO.

Technically, SPX6900 is forming a cup-and-handle pattern on the daily chart, a setup that often signals further upside.

The price seems poised to touch the upper boundary around $1.742. Once it hits the target, if it pulls back slightly to form the “handle” and manages to stay above support, it could set the stage for the next leg up.

Moreover, the Chaikin Money Flow is in positive territory, indicating that buyers have the upper hand, while the Aroon Up is at 92.86%, suggesting that a strong uptrend remains in place.

Therefore, if bulls remain in control, SPX could continue to move higher after a brief consolidation.aura (AURA)

aura (AURA) has surged more than 9,700% in the past week, rising from around $0.00090 to $0.090, and its market cap has jumped 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, rumored 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 decentralized exchanges within a few hours, causing a price cascade as retail traders joined in.

A total of 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 that a potential pullback could be in the works.

However, 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.

Still, the lack of fundamentals, project updates, or clear utility means that the rally is driven largely by sentiment and volatility. And, as with most parabolic runs, profit-taking by early holders could trigger equally steep pullbacks