Best Crypto Gainers Today, April 17 – RAY, FARTCOIN, HYPE

Highlights:

• The best crypto gainers today include Raydium, Fartcoin, and Hyperliquid, showing strong price increases.
• Raydium’s LaunchLab and strong trading volume strengthen its position in the memecoin market.
• Fartcoin’s whale activity and support at the $0.80 point to a potential price breakout above $1.

Crypto prices are bullish today as the broad market recovers from the recent downturn. The largest cryptocurrency, Bitcoin, is above the $84K mark, while most altcoins have recorded significant gains.

In addition, the global market capitalization and the 24-hour trading volume have surged to $2.66 trillion and $75 billion, respectively. The fear and greed index still holds at 30 levels, indicating a fear sentiment in the market. Amidst this positive market sentiment, let’s examine the best crypto gainers today, such as Raydium, Fartcoin, and Hyperliquid. 

Best Crypto Gainers Today

1. Raydium (RAY)

Raydium has emerged as the best crypto gainer today, surging by 12% in the past 24 hours to push the price to $2.35. The bullish momentum has pushed the weekly and monthly gains to 35% and 40%, respectively. Furthermore, the market cap and trading volume have climbed to $685 and 268 million, respectively.

Raydium introduced LaunchLab on April 16, which is a new product that will compete with Pumpfun. LaunchLab also focuses on adjustable bonding curves and does not charge migration fees, which is an alternative to Pumpfun that recently relocated its operations to DEX exchange, PumpSwap. The protocol utilizes Raydium’s liquidity pools, allowing creators to launch tokens at no cost and earn 10% of trading fees once the token graduates.

Introducing LaunchLab, Raydium's all-in-one token launchpad.

Built for Creators, Developers, and the Community 🫡https://t.co/yZVzShVZSJ

More info ⬇️ pic.twitter.com/r6s1DAegWf

— Raydium (@RaydiumProtocol) April 16, 2025

The launch follows PumpSwap’s recent success, which reached a daily trading volume for five consecutive days with $460 million traded on April 17. Since its March 22 debut, PumpSwap has processed $7.3 billion in trading volume. This strengthens Raydium’s position as a potential challenger to Pumpfun in the memecoin space.

2. FARTCOIN

The Solana-based memecoin, Fartcoin, is making headlines again today after a remarkable rally of over 200% on the monthly chart. As of this writing, FARTCOIN was trading at $0.9210, with a 10% surge in the past 24 hours. If the current momentum holds, the memecoin has developed strong support at the $0.80 region and could break the $1 mark. 

The intense activity of whales has been behind Fartcoin’s overall upsurge. For instance, a new wallet on April 16 made a huge purchase of almost $1 million worth 1.06 million Fartcoin at an average cost of $0.944 per Fartcoin. This kind of purchasing leads to the creation of higher demand for Fartcoin, which would mean a bullish future for the token.

Market bleeding red, but $Fartcoin is pumping against the tide.

A newly created wallet spent 1M $USDC to buy 1.06M $Fartcoin at $0.944 an hour ago.https://t.co/wcmCXfFvYD pic.twitter.com/MqM7EivyoX

— Lookonchain (@lookonchain) April 16, 2025

With the increasing accumulation of whales, Fartcoin price may rise to hit the $1 mark. This buying pressure is expected to continue driving momentum and thus presents a positive long-term outlook for the memecoin.

3. Hyperliquid (HYPE)

Hypeliquid has continued its bullish run, surging by 9% in the past 24 hours. Additionally, HYPE has surged by 18% and 25% on the weekly and monthly charts, respectively. At press time, HYPE is trading at $16.52 with a market capitalization of $5.5 billion.

HYPE has had a fairly impressive growth spurt recently, favoured by its CEX-type trading model. The platform reinvests 97% of its daily revenue, which amounts to an average of $1.3 million, to repurchase the HYPE tokens. This reduces the supply in circulation in the long run, from which they may fully repurchase almost the entire supply of HYPE in 1.5 to 7.5 years, depending on the condition of the market.

💰 Hyperliquid allocates 97% of the revenue to buy $HYPE

🤯 It has an average of 1.3M profit per day.

🪙 This means that every day there are daily purchases worth 1M.
🪙 Every month 30M in total approx.

▫️ In this table you can see the years it would take to buy all the… pic.twitter.com/giN6y8tbju

— ScreenBooy (@ScreenBooy) April 15, 2025

Besides buybacks, Hyperliquid is also free from gas and transaction fees to enhance its functionality. Low fees for perpetual contracts and trades are channeled back into the platform, enabling token buybacks and ecosystem vaults. This form of reinvestment creates a cycle that would be beneficial to HYPE holders.