Whale Exodus from Fartcoin to Other Memecoins
After attempting a breakthrough a week ago, Fartcoin suffered a massive rejection at $1.27. The price remained bearish for six consecutive days, falling to $1.04. This drop coincides with the announcement of the TGE for the PUMP token on the Pump.fun platform.
This “sell the news” event didn’t only affect Fartcoin, as SOL and other memecoins like BONK and SPX experienced similar declines. However, Fartcoin has struggled the most to recover.
This prolonged decline naturally created panic among major holders. According to Lookonchain, a whale who spent 4.53 million USDC to purchase Fartcoin three days ago liquidated their entire position for just 3.9 million dollars, suffering a loss of $631,000.
Meanwhile, another whale sold 1.59 million Fartcoin for $1.71 million and immediately turned to new bets on cryptocurrencies like USELESS, SPX, BONK and PENGU. This reinvestment in other tokens sends a strong signal: some whales no longer trust Fartcoin’s short-term potential.
Retail Investors Join the Exodus
Whales weren’t the only ones fleeing. According to Coinalyze, Fartcoin recorded a negative Buy-Sell Delta for six consecutive days. At the time of writing, Fartcoin’s Buy Volume stood at $2.2 million while Sell Volume was approximately $2.35 million, resulting in a negative Delta of $129,000.
Additionally, data from Santiment confirmed that the Weighted Sentiment around Fartcoin remained in the red for five consecutive days. Investors appear to be losing confidence in this cryptocurrency.
Indeed, according to Sun.flow, Fartcoin dominates outflow data across all holder categories, from “sharks” to small holders.
However, yesterday FARTCOIN was the token most purchased by whales.
Risk of Further Losses for Fartcoin ?
The token faces strong selling pressure from both whales and retail investors. However, the memecoin has maintained its position above its 20 and 100-day moving averages and is currently heading toward the 50-day MA. Whale accumulation during widespread fear is making an impact.
Its 4H RSI nearly reached the oversold zone and now sits at 55, in neutral territory.
If the asset manages to break through the current resistance at $1.15 and stays above it, it could quickly reach its previous high of $1.6 in the coming days, as the daily Volume Profile indicates a clear path for a rapid rise. This represents a potential increase of 40% from its current price.
If sellers maintain control, there is a risk of breaking the $1.00 support level and falling to $0.938.
How to Easily Buy FARTCOIN ?
Here’s a guide to investing in Fartcoin right now on BitMart before a potential 40% increase :
- Create an Account
Go to Bitmart, click “Sign Up,” enter a valid email and secure password, then validate through the link. - Verify Your Identity
Log in, access “Identity Verification,” submit ID and proof of address, wait 15-30 minutes. - Add Funds
In “Wallet” > “Deposit,” choose USDT, transfer from a wallet or deposit via card. - Buy the Token
Go to “Spot Markets,” search for FARTCOIN/USDT, choose an order, confirm.
