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Memecoins are experiencing a resurgence in the cryptocurrency market, driven by a renewed risk-on sentiment. Leading this trend is Fartcoin, which has seen a 100% increase over the past week, reaching a 24-hour net inflow of $640 million. This surge in Fartcoin's value has been accompanied by significant trading activity, with smart money reportedly selling $1.3 million worth of the token. Fartcoin has also flipped wif, indicating its rising prominence in the market. The broader cryptocurrency and AI markets are also showing signs of recovery. Bitcoin has reached $88,000, and various AI tokens have seen substantial gains, with tokens like AI16Z, ARC, VIRTUAL, ANON, BUZZ, and ALCH experiencing increases ranging from 10% to 50%. Within the AI sector, DeFAI appears to be leading the charge, with notable inflows into AI infrastructure tokens. Despite the recent gains, the market cap of AI tokens has significantly declined from a peak of $54 billion on January 7, 2025, to $24 billion, indicating a 55.6% drop. This downturn has raised questions about the future of the AI token market, with some investors remaining bullish on its potential for a comeback.
