Popcat POPCAT/USD and Bonk BONK/USD are benefiting from Fartcoin FARTCOIN/USD crossing the $1 milestone, with traders speculating they might mirror the latter’s rally.

oins Popcat and Bonk Are Riding the Fartcoin FARTCOIN/USD Hype, With Traders Speculating They Might Mirror the Latter's Rally

Popcat and Bonk are two meme coins that have been benefitting from Fartcoin crossing the $1 milestone on Monday.

Popcat and Bonk are two meme coins that have been benefitting from Fartcoin crossing the $1 milestone on Monday.

What Happened: Popcat and Bonk saw gains of 25% and 9%, respectively.

What Happened: Popcat and Bonk saw gains of 25% and 9%, respectively.

Prominent trader Altcoin Sherpa highlighted Popcat's promising chart structure, leading him to consider adding to his position if a breakout confirms.

Prominent trader Altcoin Sherpa highlighted Popcat's promising chart structure, leading him to consider adding to his position if a breakout confirms.

"Reentered this one yesterday, still love the chart. Never got filled on my lower orders but that's ok, can always add on the way up. Haven't TP anything yet and potentially going to add to my position on a breakout. This chart looks a bit like Fartcoin on the break."

Trader Meta Gorgonite echoed this optimism, comparing Popcat to the initial stages of Fartcoin's rally.

Trader CRG highlighted a 42-day base formation and a clean double bottom setup on Bonk. It recently flipped the monthly open and is making a play to re-enter the daily Ichimoku cloud- a bullish technical signal.

Trader CRG highlighted a 42-day base formation and a clean double bottom setup on Bonk. It recently flipped the monthly open and is making a play to re-enter the daily Ichimoku cloud- a bullish technical signal.

CRG is confident a breakout could be imminent if macro conditions remain constructive.

Meanwhile, Degengambleeh projects Bonk could hit a $20 billion valuation by 2025, calling it an "easy hold" for meme coin believers.

Why It Matters: Despite the optimism from some corners of Crypto Twitter, others remain cautious.

Why It Matters: Despite the optimism from some corners of Crypto Twitter, others remain cautious.

Crypto trader ElonMoney argued that the macro environment isn't conducive to a full-blown altseason just yet. With inflation still elevated and the dollar under pressure, retail appetite for speculative plays has remained muted.

He believes only the top 1% of altcoins may reclaim their former highs, while 99% could remain underwater unless macro trends improve.

TheDefiVillian, another trader, agrees. He continues to short altcoins, preferring a long position in Bitcoin while staying defensively positioned in alts. According to him, the altcoin market remains structurally bearish, and he expects that to persist.