The biochemical activity inside a cell has recently been suggested to act as a source of hydrodynamic fluctuations that can speed up or slow down enzyme catalysis [Tripathi et al., Commun. Phys. 5, 101 (2022).] The idea has been tested against and largely corroborated by simulations of activated barrier crossing in a simple fluid in the presence of thermal and athermal noise. The present paper attempts a wholly analytic solution to the same noise-driven barrier crossing problem but generalizes it to include viscoelastic memory effects of the kind likely to be present in cellular interiors. A calculation of the model’s barrier crossing rate, using Kramers’ flux-over-population formalism, reveals that in relation to the case where athermal noise is absent, athermal noise always accelerates barrier crossing, though the extent of enhancement depends on the duration τ0 over which the noise acts. More importantly, there exists a critical τ0—determined by the properties of the medium—at which Kramers’ theory breaks down and, on approach to which, the rate grows significantly. The possibility of such a giant enhancement is potentially open to experimental validation using optically trapped nanoparticles in viscoelastic media that are acted on by externally imposed colored noise.